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 37,600 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 974 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

Opinion
Bryan Johnson: Humans are no longer qualified to manage their own affairs
“I'm fundamentally proposing that the human race is no longer qualified to manage our affairs.”
Bryan Johnson Mar 22, 2024 ▶ 21:47 Bryan Johnson: Why Humans are No Longer Qualified to Manage Our Own Affairs | E1130 · 20VC with Harry Stebbings
Prediction Not checkable as stated
Lonsdale: Israel Will Keep Fighting and Completely Wipe Out Hamas
“The way it stands now is, is we're going to keep fighting. We're going to wipe out Hamas and hopefully we can work with others to have a government there. That's not, you know, does not allow terrorism.”
Joe Lonsdale Mar 11, 2024 ▶ 34:38 Joe Lonsdale: The Future of TikTok; Is it a Danger to US National Security? | E1125 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Lonsdale: Anti-Israel Hatred in Gaza Stems From School Indoctrination
“I think basically what creates a generation of civilians that hate Israel is you have the schools in that area have been run by people who teach people that Jews are pigs and Jews are wrong and our religion hates Jews.”
Joe Lonsdale Mar 11, 2024 ▶ 34:58 Joe Lonsdale: The Future of TikTok; Is it a Danger to US National Security? | E1125 · 20VC with Harry Stebbings
Disclosure
Gontovnikas built CEO deepfake technology for personalized outbound sales emails
“You can even, and we've created this, you can even create deep fakes of CEOs telling you something on a video, on an email, even though it's not really the CEO.”
Martin Gontovnikas (Gonto) Feb 14, 2024 ▶ 1:05:50 Martin Gontovnikas (Gonto): The Biggest Mistakes Startups Make When Scaling into Enterprises | E1115 · 20VC with Harry Stebbings
Opinion
Plantenga: Predatory seed term sheets in small European markets handicap startups
“Like if you look what kind of like seed stage term sheets get to the table of like people I know building companies and I get like in these small markets in Europe, but it's like financial rape and it does a lot of damage. It's, it does a lot of damage because…”
Thomas Plantenga Feb 12, 2024 ▶ 58:06 Thomas Plantenga & Alex Taussig: Vinted CEO's Ultimate Guide to Scaling Marketplaces | E1114 · 20VC with Harry Stebbings
Opinion
Samani: Bitcoin has no productive value and produces no economic utility
“Bitcoin is a strictly financial construct. Bitcoin has no economic value. It has, it is no, it's not productive. Excuse me. Bitcoin is no productive value because it doesn't do anything. It's an asset. There are some interesting properties of that asset, but i…”
Kyle Samani Jan 8, 2024 ▶ 22:51 Crypto Roundtable with Nick Tomaino & Kyle Samani: US Elections, NFTs, and Trump | E1100 · 20VC with Harry Stebbings
Opinion
Tomaino: Taylor Swift exemplifies soulless greed for money and attention
“To me, she's kind of the definition of someone that has this, like, soulless greed for attention and money, and is not authentic at all.”
Nick Tomaino Jan 8, 2024 ▶ 30:30 Crypto Roundtable with Nick Tomaino & Kyle Samani: US Elections, NFTs, and Trump | E1100 · 20VC with Harry Stebbings
Opinion
Samani: XRP, Cardano, Litecoin, and Bitcoin Cash are garbage lacking substance
“I mean, look, there's a lot of assets in the top 10 that most people who are sophisticated retail market participants view as, you know, garbage, XRP, Cardano, Litecoin, Bitcoin Cash, etc. I cannot explain to you how those assets are trading nine, 10 figures a…”
Kyle Samani Jan 8, 2024 ▶ 48:27 Crypto Roundtable with Nick Tomaino & Kyle Samani: US Elections, NFTs, and Trump | E1100 · 20VC with Harry Stebbings
Assertion Contradicted
Rabois: No $100 billion European tech company has been created since 1990
“There hasn't been a hundred billion dollar European company created since 1990.”
Keith Rabois Nov 27, 2023 ▶ 20:37 Keith Rabois & Mike Shebat: Creating an Olympian Mindset to Work Ethic| E1087 · 20VC with Harry Stebbings
Opinion
Rabois: LinkedIn developed a mediocre culture because early engineers wanted 35-hour weeks
“Yeah, we didn't have an Olympic work ethic. We had a bunch of French engineers that wanted to work 35 hours a week. At the time, In 2003 to five, when the company was really founded, most people thought the internet was dead, so we didn't, Reid Hoffman, who fo…”
Keith Rabois Nov 27, 2023 ▶ 35:20 Keith Rabois & Mike Shebat: Creating an Olympian Mindset to Work Ethic| E1087 · 20VC with Harry Stebbings
Opinion
Petersen: Chinese believe in China, while half of Americans hate America
“Chinese people believe in China. Half of Americans hate America.”
Ryan Petersen Nov 13, 2023 ▶ 44:17 Ryan Petersen: Why Velocity not Speed is Most Important in Company Building | E1081 · 20VC with Harry Stebbings
Prediction Not checkable as stated
Petersen: Remote US workers will lose jobs to offshore talent arbitrage
“By the way, I think remote work can really work, but it's not going to benefit the people who think like, it's not going to be people making 250,000 dollars a year hanging out in Jackson Hole. It's going to be geniuses in the developing world Making, you know,…”
Ryan Petersen Nov 13, 2023 ▶ 56:59 Ryan Petersen: Why Velocity not Speed is Most Important in Company Building | E1081 · 20VC with Harry Stebbings
Opinion
Tomaino: Silicon Valley is driven by soulless greed, citing Sequoia Capital
“My sentiment in a lot of Silicon Valley is that it's very, there, there's a lot of soulless greed, and just this desire to create these kind of you know, massive funds create massive attention, and I think, again, Sequoia is the best example of this, and 1789,…”
Nick Tomaino Oct 30, 2023 ▶ 1:07:55 Nick Tomaino: The Future of NFTs, What Will Happen with FTX & Who Should be Held to Account | E1076 · 20VC with Harry Stebbings
Opinion
Eisenberg Claims Woke Anti-Semitic Left Has Taken Over American Universities
“The kind of progressive, woke, anti-Semitic left has taken over a lot of American universities. And they don't like Jews, and that's just the truth.”
Michael Eisenberg Oct 12, 2023 ▶ 25:44 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Opinion
Eisenberg: College Is A Waste Of Money And Brainwashes Kids
“Not sending kids to college. It's a waste of time and money. I think it's worse than that. You send kids to these places, they are brainwashed with immorality.”
Michael Eisenberg Oct 12, 2023 ▶ 34:06 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Opinion
Eisenberg: Attackers Of Human Values Must Be Eradicated For Progress
“It's a human aspiration, except there are some barbarians that don't believe in this. And they need to be eradicated. And that's our job right now. And our job of our children is to go eradicate them so that we can have more weddings, more children, more grand…”
Michael Eisenberg Oct 12, 2023 ▶ 43:48 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Opinion
Lemkin: B2B SaaS CEOs should be embarrassed to conduct layoffs
“If you're a great SAS CEO, you should never have a RIF. It's called recurring revenue. You should have the ability to, I get it in B to C or D to C or X and Y and Z to C. I don't think good SAS CEO should, I think it's an utter failing to ever have a RIF unles…”
Jason Lemkin Aug 23, 2023 ▶ 12:03 Jason Lemkin & Rick Zullo: How "Mark to Market" Corrupted Venture Capital | E1052 · 20VC with Harry Stebbings
Prediction Not checkable as stated
Huber: Wealth redistribution would revert to 80/20 inequality within five years
“You could take all the money in the United States right now. You take all the money and you could divide it equally among everybody. Take all the money and divide it equally. And in five, 10, 15 years, you could argue about the timeframe. In five years, at lea…”
Nick Huber Aug 21, 2023 ▶ 33:09 Nick Huber: Biggest Lies of Silicon Valley; Lost Art of Delegation; How to Grow Your Network | E1051 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Huber: Poorest Americans today live better than wealthiest Americans 50 years ago
“Today the poorest people in America have a better life than the wealthiest people in America 50 years ago. They have better access to healthcare. They have better living situations. They have more amenities. They have better food. It trickles down massively, a…”
Nick Huber Aug 21, 2023 ▶ 33:52 Nick Huber: Biggest Lies of Silicon Valley; Lost Art of Delegation; How to Grow Your Network | E1051 · 20VC with Harry Stebbings
Opinion
Huber: Prevailing victim culture gives accountable families a competitive advantage
“I think this woke mindset and virus is a tremendous advantage for me and my family. The people who buy into it, Our victims, the people who buy into it are blaming other people, the people who buy into it are focusing on things that are totally outside of thei…”
Nick Huber Aug 21, 2023 ▶ 50:04 Nick Huber: Biggest Lies of Silicon Valley; Lost Art of Delegation; How to Grow Your Network | E1051 · 20VC with Harry Stebbings
Opinion
Lessin: Founders who ask VCs for help are weak
“Because I, if you're coming to me for help, my view is you're almost by definition, or you're saying, I need help or whatever I want help. I think you're a weak founder.”
Sam Lessin Aug 11, 2023 ▶ 44:28 DEBATE: State of Seed Investing w/ Jason Lemkin, Sam Lessin, Frank Rotman & Harry Stebbings | E1047 · 20VC with Harry Stebbings
Opinion
Lemkin: Startups should not hire tech workers who lack pre-boom experience
“I almost think We shouldn't hire any of these people in startups today. You have to have had some adversity or have worked before the boom or have, or you just need to flush through this and have a fresh perspective.”
Jason Lemkin Aug 9, 2023 ▶ 1:12:39 Jason Lemkin: Every VC has a FRAUD in their portfolio; The IPO market is about to EXPLODE | E1046 · 20VC with Harry Stebbings
Prediction Open · timeframe Dec 2026
Khosla: Nuclear fusion will demonstrate net positive energy by 2025 or 2026
“I believe demonstrating positive energy by 25, maybe 26, will be also 10 X faster.”
Vinod Khosla Aug 7, 2023 ▶ 27:17 Vinod Khosla: How AI Impacts Healthcare, Energy, Geo-Politics, Media and Climate Change | E1045 · 20VC with Harry Stebbings
Disclosure
Claure: I Invested $150M Into FTX at SoftBank Due to FOMO
“So I invested hundred and fifty million dollars on FTX, which I mean, apologies to SoftBank, because I should have never made that investment, but it's probably one decision that has changed my life forever. I'm never going to invest in something that I don't …”
Marcelo Claure Jul 31, 2023 ▶ 1:04:12 Marcelo Claure & Shu Nyatta: LATAM's New $500M Growth Fund; Investing Billions at SoftBank | E1042 · 20VC with Harry Stebbings
Opinion
Batchu: Hiring from portfolio companies is not a conflict for angels
“I, I'm pretty ruthless about that. I think that there's absolutely no conflict. I think it's extremely anti-competitive from a labor market perspective for you to think that I won't hire the best people from your company. And so you, it's your job to retain yo…”
Sri Batchu Jul 26, 2023 ▶ 54:59 Sri Batchu: Biggest Growth Lesson from Instacart & Opendoor; 70% of Experiments Should Fail | E1040 · 20VC with Harry Stebbings
Opinion
Douwe Kiela: Incumbent AI firms promote existential risk to entrench regulatory advantage
“So the people who are pushing this narrative are really the people who are benefiting from this being the narrative. So these are the incumbent AI companies who are, who want to have either the market regulated. Right. Because then they benefit because they ca…”
Douwe Kiela Jun 30, 2023 ▶ 35:01 Douwe Kiela: Why Data Size Matters More Than Model Size; Why Open Source Isn't Going to Win | E1032 · 20VC with Harry Stebbings
Opinion
Stebbings: The younger generation of workers is lazy and expects high compensation
“I think this generation is fucking lazy. They do not work, sorry, I'm on a rant now. They do not want to work hard, they do not want to come into the office, they get paid top dollar, and actually, they want great package, they want all of this, and they don't…”
Harry Stebbings Jun 26, 2023 ▶ 59:28 Akin Babayigit: How Tripledot Studios Became #1 Fastest-Growing Company in Europe | E1030 · 20VC with Harry Stebbings
Opinion
AI Existential Risk Warnings Are Driven by Publicity Seekers
“I fully agree with Jan and not just because he was my boss at Meta, but I think if you really understand how machine learning works and you're not looking for free publicity, I don't see why you would say something like that, that, that getting more intelligen…”
Alex Lebrun Jun 19, 2023 ▶ 31:56 Alex Lebrun: Why the EU's AI Regulation is a Disaster; How Zuck Prepares for Meetings | E1027 · 20VC with Harry Stebbings
Assertion Supported
Proposed EU AI Regulation Would Make All Existing LLMs Illegal
“One of the percent of the LMs that were trained these last three years would be illegal in Europe.”
Alex Lebrun Jun 19, 2023 ▶ 1:02:08 Alex Lebrun: Why the EU's AI Regulation is a Disaster; How Zuck Prepares for Meetings | E1027 · 20VC with Harry Stebbings
Prediction Open · timeframe Jun 2028
Summers: Fed cannot lower inflation to target without an economic downturn
“My own view, and I've said this many times, is that what Samuel Johnson said about second marriage is true about soft landings. They represent the triumph of hope over experience, and I don't think we're likely to be able to bring inflation down to its target …”
Larry Summers Jun 12, 2023 ▶ 8:19 Larry Summers: How the Fed screwed up; What a Trump win would do to the economy | E1024 · 20VC with Harry Stebbings
Opinion
Parker Conrad: David Sacks made wrong decisions across the board at Zenefits
“David was not really interested in making Zenefits successful. You know, almost every decision he made at the company was wrong. The decisions he made from a product perspective, from a strategy perspective, the people he. Fired the people he promoted, like al…”
Parker Conrad Jun 9, 2023 ▶ 12:07 20VC: What are the World's Tech Leaders Running From? Fear? Insecurity? Poverty? What Drives the Best with Orlando Bravo, Bill Ackman, Dara Khosrowshahi, Parker Conrad, Tobi Luttke, Brian Armstrong and more..
Prediction Open · timeframe Jun 2028
Mostak: Only 5 or 6 Foundation Model Companies Will Exist in 3-5 Years
“I think that there's only going to be five or six foundation model companies in the world in three years, five years.”
Emad Mostaque Jun 2, 2023 ▶ 3:56 20VC: Who Wins the AI Race; Startups or Incumbents & Does Having Proprietary Data Really Matter For Startups Today?
Prediction Open · timeframe May 2028
Mostaque: AI Will Eliminate All Outsourced Programming Jobs in India
“India, all of the outsourcing jobs in programming will go, because GPT-IV can go level three Google programmer exam and pass it.”
Emad Mostaque May 17, 2023 ▶ 23:45 Emad Mostaque: These 5 Companies Will Win the AI War; Why We Need National Data Sets | E1015 · 20VC with Harry Stebbings
Prediction Open · timeframe May 2028
Mostaque: AI Will Build Software Automatically, Eliminating Human Coders
“Why would you need a human for that if the AI gets better and better at coding? Just tell it what you want. I want to create an app for 20 minute VC that has these features. Of course it will go and build it automatically. Where is the human coder in that?”
Emad Mostaque May 17, 2023 ▶ 44:05 Emad Mostaque: These 5 Companies Will Win the AI War; Why We Need National Data Sets | E1015 · 20VC with Harry Stebbings
Prediction Open · timeframe May 2028
Mostaque: Only five or six foundation model companies will survive
“I think that there's only going to be five or six foundation model companies in the world in three years, five years. ... I think it's going to be us, NVIDIA Google, Microsoft OpenAI, and Meta and Apple probably are the ones that train these models.”
Emad Mostaque May 17, 2023 ▶ 45:46 Emad Mostaque: These 5 Companies Will Win the AI War; Why We Need National Data Sets | E1015 · 20VC with Harry Stebbings
Prediction Open · timeframe May 2028
LeCun: Human-level AI will not be achieved using autoregressive LLMs
“Well, so first of all, there is no question that eventually AI systems will understand the world in similar ways that, that humans do perhaps better ways but there will not be autoregressive large language models as a type that we're now talking about.”
Yann LeCun May 15, 2023 ▶ 11:31 Yann LeCun: Meta’s New AI Model LLaMA; Why Elon is Wrong about AI; Open-source AI Models | E1014 · 20VC with Harry Stebbings
Prediction Didn’t hold up
LeCun: Autoregressive LLMs will be obsolete within a few years
“So my prediction is that within a few years, nobody in their right mind would use auto-reversive LLMs. They'll go away in favor of something more sophisticated and controllable. They can plan its answer as opposed to just produce one word after the other react…”
Yann LeCun May 15, 2023 ▶ 14:30 Yann LeCun: Meta’s New AI Model LLaMA; Why Elon is Wrong about AI; Open-source AI Models | E1014 · 20VC with Harry Stebbings
Opinion
LeCun disagrees with Geoffrey Hinton on AI-driven human extinction risk
“So I understand why, why he might have wanted to leave, but I don't agree with him at all with the whole sort of, you know, probability of human extinction or whatever.”
Yann LeCun May 15, 2023 ▶ 47:53 Yann LeCun: Meta’s New AI Model LLaMA; Why Elon is Wrong about AI; Open-source AI Models | E1014 · 20VC with Harry Stebbings
Opinion
Paik: Taxing carried interest as ordinary income would redistribute tech talent
“You probably should tax carried interest like income tax. That would write, that would like break that structurally different incentive mechanism, and then it would defuse talent elsewhere.”
Chris Paik May 9, 2023 ▶ 1:21:50 Chris Paik: How I Raised $400M; Substack's Broken Business Model; Music on TikTok vs IG | E1011 · 20VC with Harry Stebbings
Opinion
Guo: Tiger Global's index-style early-stage strategy will perform poorly
“Short on a multi-stage fund. I think early in growth investing is more different than it appears. And so I think there are firms that like, you know, tried the early stage investing route with like a blanket based approach. And like, I don't know if that's goi…”
Sarah Guo Apr 28, 2023 ▶ 45:22 Sarah Guo: On Her New $101M Fund; How AI Impacts Inequality; AI Startups vs Incumbents | E1007 · 20VC with Harry Stebbings
Opinion
Stebbings: Remote Work Is One of the Most Poisonous Things
“I don't buy remote by the way. I think remote is one of the most poisonous things.”
Harry Stebbings Apr 7, 2023 ▶ 45:11 Rob Lacher: How I Scaled to $600M AUM; Hiring Tips for VCs; Venture Capital in Europe vs USA | E999 · 20VC with Harry Stebbings
Opinion
Tobi Lütke: Viewing wealth inequality as inherently bad is a bad faith take
“It's also like a bad faith take that wealth inequality is a bad thing by itself”
Tobi L–tke Apr 3, 2023 ▶ 55:00 Shopify CEO Tobi Lütke: Remote Work vs In-Person; The Benefit of Setting Constraints | E997 · 20VC with Harry Stebbings
Opinion
Tobi Lütke: The belief that micromanagement is bad destroyed massive business value
“I think there's probably no singular idea that has destroyed more business value on planet Earth than the idea that Micromanagement is a bad thing.”
Tobi L–tke Apr 3, 2023 ▶ 1:07:44 Shopify CEO Tobi Lütke: Remote Work vs In-Person; The Benefit of Setting Constraints | E997 · 20VC with Harry Stebbings
Insight
Tobi Lütke: Study World of Warcraft guilds over corporations for organizational mastery
“I think you can learn more by studying World of Warcraft raiding guilds than you can learn from studying companies about coordination and what great looks like.”
Tobi Lütke Apr 3, 2023 ▶ 1:20:47 Shopify CEO Tobi Lütke: Remote Work vs In-Person; The Benefit of Setting Constraints | E997 · 20VC with Harry Stebbings
Prediction Not checkable as stated
Ackman: Biden wealth tax will bankrupt every startup in America
“You know, the Biden wealth tax, which is like, 25% of the appreciation of things that you own privately, it's going to bankrupt every startup. No one will ever start a business in America anymore, right?”
Bill Ackman Mar 20, 2023 ▶ 1:02:23 Bill Ackman: SVB Collapse; Biden vs Trump; How I Lost $400M on Netflix; Bill's 10-Year Long | E991 · 20VC with Harry Stebbings
Assertion Not checkable as stated
BPI asked Ophelia Brown where her older male partner was
“The French, what's the French equivalent of EIF? BPI. BPI. They asked me where my older male partner was.”
Ophelia Brown Mar 17, 2023 ▶ 48:03 Ophelia Brown: How We Raised $432M in a Pandemic; What's New in European Venture Capital | E990 · 20VC with Harry Stebbings
Assertion Supported
Didi and the Chinese Government Had Full Access to Uber's Data
“It became very clear that everyone had all our data. Didi knew everything we were doing whereas, like, Lyft and Uber always knew what each other were doing, because we were watching each other, we're friends, things like that, but, like, we never had each othe…”
Adam Grenier Mar 15, 2023 ▶ 0:00 Adam Grenier: The Inside Story to Uber’s Hypergrowth; How We Spent $1B/mo in China | E989 · 20VC with Harry Stebbings
Prediction Didn’t hold up
Lemkin: Employees joining a $1B unicorn in 2023 will make nothing
“If as an employee, if you join a company with, in, in 2023 with a valuation over a billion as an employee, you're gonna make nothing. It doesn't matter what it sells for, you're gonna make nothing.”
Jason Lemkin Jan 13, 2023 ▶ 22:52 Jason Lemkin: WTF is Going On in VC? Are LPs Investing in New Funds? | 20VC #965 · 20VC with Harry Stebbings
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