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 67 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 5 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
Hamid: Early Figma data showed designers using the product 15-18 days monthly
“You just saw that designers were using the product 1516, 1718 days out of a month.”
Hamid: Sketch and InVision were significantly larger than Figma early on
“But Sketch and InVision are way bigger than Figma for a while.”
Hamid: Slack and Figma created entirely new software market categories
“Slack created a market. In some ways, Figma created a market. There wasn't a notion of collaborative design software.”
Hamid: Kleiner Perkins backed Aleph at a $35M post-money valuation
“Or another example is Syed Ali at Aleph. You know, I think we did that also at, like, 35 post. And Syed had come off of a company just sold for six billion dollars.”
Hamid: Kleiner Perkins deployed its 2019 venture fund in 15 months
“So there's a period of time in 2000 19, so we just raised our first fund as a team together, where we deployed that fund, like, within, like, 15 months.”
Hamid: Consumer lending startups are exceptionally difficult venture bets
“That lending businesses are really hard. Consumer lending is very hard.”
Hamid: Effective board meetings focus deeply on only one or two topics
“I like board meetings where there's one or two things that are talked about in detail. Meaning, like, you go deep dive into one or two things, because at any given point in time in a company's juncture, that moment in time, one or two things that really matter…”
Hamid: Prefers capital-efficient startups over capital-intensive models like DoorDash
“I, I'm, those are not my kind of businesses. I like more capital efficiency but I can get behind them.”
Hamid: Kleiner Perkins' fund focuses primarily on enterprise and consumer
“Sector-wise, broadly speaking, our focus areas are Enterprise, consumer, fintech, and hard tech, and there's split across those sectors, enterprise being the biggest one, consumer being the second biggest”
Hamid: VCs must build relationships with founders a year before Series A
“So you have to have known the founder to have a true relation prior to that and way prior to that, not just like a couple of weeks prior to that, maybe a year prior to that. So part of our job is to actually identify and meet with people way, way, way before t…”
Hamid: Four-week fundraising cycles conflict with ten-year VC board commitments
“You're deciding on investing in a company in a four-week cycle and getting to know people in a four-week cycle, and you're about to go on a ten-year journey with them. Those are, like, two very conflicting timescales, and, you know, we force ourselves to make …”
Hamid: Organizational scaling is the biggest operational challenge post-product-market fit
“I'd say the biggest challenges that companies hit are along the organizational building. The people side of it is scaling of early employees, early leaders, To people who can help hyperscale and double down on what's working. It typically, that is where things…”
Hamid: Viz.ai reduces stroke triage time from three hours to five minutes
“A process that would typically take three hours takes now five minutes, and we help save lives, and even worse, actually, is people who get paralyzed because they don't get stented quickly enough. We get that time from hours to minutes and get them stented and…”
Hamid: Average Successful Tech Startup Takes Eight Years to Exit
“The average Successful company takes about eight years. Massive successful company have taken sort of eight years to get to that point of exit or liquidity or IPO.”
Hamid: Kleiner Perkins spent millions building and maintaining an internal CRM
“We built an internal CRM at Kleiner Perkins, and I think it sort of cost us many millions of dollars, and then ongoing millions of dollars a year to just upkeep.”
Hamid: Half of Kleiner Perkins' growth fund backs its early-stage winners
“Because our growth fund, even, half of the dollars are allocated towards, not allocated, but half those dollars are invested in our best companies from our early stage funds.”
Hamid: John Doerr has held his Google stock for over 25 years
“You can hold on to your Google stock forever as John Doerr has done over the last 25 years.”