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 14 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
Goldberg: Replace 'Blockchain' With 'Database' as a Startup Test
“If you're building something on the blockchain, is it as interesting if you just use the word database instead of ledger or blockchain? And if you do, then you don't need to be building on the blockchain.”
Goldberg: Value in crypto projects accrues to equity or tokens, rarely both
“Value will usually accrue into either equity or a token network. It's very rarely both, but if it is both, it's probably like a 95%, five percent split.”
Goldberg: Marketing-heavy crypto teams are built for hype, not longevity
“I think that a lot of teams are extremely marketing heavy in this world, and that's generally the wrong approach for long-term success, but that may generate a lot of hype in the short term. I generally bias towards engineering heavy teams because that's how y…”
Goldberg: Founder learning speed matters far more than prior experience
“Everyone starts as a first-time founder, so how quickly you learn matters much more than how many times you've done it before.”
Goldberg: Games Can Run Centralized While Storing Cosmetics On-Chain
“You could build a game like Fortnite in a centralized manner while having its cosmetic assets live on the blockchain.”
Lightspeed is drafting a template term sheet for early crypto rounds
“So we haven't released it yet, but we are in processing Of writing up a template term sheet for both fungible token and non fungible token projects at the formation stage.”
Goldberg: Crypto Operations Will Shift From Token Reserves To Traditional Financial Models
“I think that the days of saying we're going to reserve 30% of the tokens and that will fund our operations for perpetuity or over, I think it will look a lot more like traditional models.”
Goldberg signs D&I side letters requiring founders to consider diverse candidates
“So I actually have a diversity and inclusion side letter that I sign with my founders, and what it says is for every executive or board position, they'll consider at least one Candidate with a diverse background.”
Goldberg: CryptoKitties Single-Handedly Clogged the Ethereum Blockchain
“CryptoKitties alone clogged up the Ethereum blockchain.”
Goldberg: Stablecoins Are Critical for E-Commerce Adoption in Crypto
“So this is why stable coins are extremely important. It's hard to have an e-commerce or e-commerce use case without a unit of account.”
Goldberg: Crypto Defensibility Requires Owning the Community
“Features can be copied, and that's the nature of most open source worlds, and really what that comes down to is you need to own the community, because in this Blockchain world. Anyone can try to fork away from you.”
Goldberg invested in an unannounced project using a dual-token structure
“One interesting approach that I've seen that's used by at least one of the projects I've invested in, although unfortunately it's one that hasn't announced, is to have two separate tokens. One that's a payment coin, just for the utility of the service itself, …”
Goldberg: Crypto Projects Need Pitch Decks Alongside Academic White Papers
“Decks are a very efficient way to communicate, and you still need to iron out all the details of what you're doing, and you should have a white paper, but you need to have a friendlier entry point for investors, employees, and partners alike”