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.
why aren't all 58 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Paley: Founder Collective owned 12.5% of The Trade Desk at IPO
“We owned, I think, 12 and a half percent of the company at the IPO.”
Paley: The Trade Desk Burned Only $7 Million Before Its IPO
“The company burned seven million dollars before going public.”
Eric Paley says capital should accelerate proven models, not search for fit
“It's using capital to accelerate those things that are working as opposed to using capital to find things that work.”
Eric Paley says extending runway is the healthiest use of additional capital
“Yeah, I think the healthiest thing that founders could do with more capital is drive a longer runway.”
Founder Collective's small Uber seed check would move the dial for anyone
“Yeah, so, ok, so we are, you know, as investors in Uber, and we didn't write a very big check, I think that current value alone of that small check would be very attractive to any venture fund of any size, even though our check that we started with was small, …”
Founder Collective has three unicorns in its first fund
“We have three, what people like to call unicorns in our first fund right now, and that's great.”
Founder Collective's first fund has fully returned invested capital to LPs
“We've, you know, given back all the money our investors have given us, and then some in our first fund”
Eric Paley calls dentistry the world's largest remaining cottage industry
“What later we learned or came to believe was the largest remaining cottage industry in the world, where every unit of production was a completely unique unit of production.”
Founder Collective writes $200K to $2M seed checks depending on lead status
“We write checks at the seed stage between sorry, between 200,000 dollars and two million dollars. So it depends if we're leading or participating. We don't have a Is there an opportunity to lead, and who's the most qualified fund for this particular opportunit…”
Kelsey Wirth built Invisalign into a billion-dollar company in five years
“I was very lucky to have Kelsey Wirth on my board who was the founder of Invisalign, and we had gone after this industry that I never imagined we'd go after that was certainly very quirky to the venture community, and Kelsey had built a billion dollar company …”