The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Menashy: Apple Watch v1 will be rubbish but sell well
“My personal view, I would say version one is going to be rubbish, but still sell a lot. And version two will be much better and a big success.”
Boris Wertz: Version One invested in Coinbase's Series D funding round
“So he invested in Coinbase late last year. And you know, as you know, this was a series D, so it's a little bit later than we usually invest in, but we really thought that Coinbase can be one of these iconic companies of the crypto ages, and you know, we're in…”
Wertz: Version One Ventures invested in Polychain and Metastable
“So for example, we invest in Polychain and Metastable.”
Tran King-Yens: Version One avoids e-commerce and hardware for capital inefficiency
“I know that we're now less likely to do anything in e-commerce or hardware because these, it's less capital efficient than software companies.”
Tran King-Yens: Startups should choose hub locations based on their industry
“I would argue that if you were in, in entertainment, you might want to consider LA. If you were in, in the life sciences, you might want to consider Boston. If you are in, in media and ad tech or something or other, you might want to consider New York for that…”
Wertz: Version One went seven months without making an investment in 2016
“Second half of 2016, I had not done an investment for seven months for version one.”
Wertz: Content strategy forces VC learning and efficiently educates founders
“You know, when we put out content either in the form of blog posts or kind of a book like that, we're always thinking about three things. The first one is by writing content and thinking through a specific question that we have in our head. We learn a lot. And…”
Version One Ventures invests from a $35M second early-stage fund
“Fund one was an eighty million dollar fund, and currently we're investing out of our second fund which is a thirty-five million dollar early stage fund.”
Tran King-Yens: Warm intros are the best way to reach VCs
“The best way to interact with a VC or get that introduction from a VC is to get a warm intro from a mutual contact, whether that contact is another entrepreneur or a, an investor. And the reason for this is because, you know, investors are just They're overwhe…”
Tran King-Yens: Version One maintains pro-rata rights until Series B
“We do. We're, we try to maintain our pro rata pretty much all the way to series B, and then once there are bigger, bigger players at the table, we take a step back.”
Boris Wertz: Version One Ventures is investing out of a $35M fund
“We're now investing out of a thirty five million dollar early stage fund called Version One Ventures.”
Tran King-Yens: VCs are most involved in the first 18-24 months
“So at version one, we know that The first 18 to 24 months after we invest are probably the most important time, so we try to be as involved as possible, and this means we talk to our founders, you know, anywhere from two to three times a month, but of course w…”