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.

clear all ✕

why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 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

Insight
Distribution strategy drives 80% of a company's success
“I think that like 80% of all great companies behind 80% of a company's success is, is typically a really interesting distribution strategy. Sometimes that's a viral method. Sometimes that's a big deal with IBM and in Microsoft's very early days. Sometimes that…”
Andrew Farah Sep 7, 2018 ▶ 16:54 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Insight
Users invent more creative applications for fundamental products than founders
“The ones that seem to be really fundamental problems, things that people really care about, For whatever reason, people tend to be more creative with them than you could be.”
Andrew Farah Sep 7, 2018 ▶ 4:29 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Insight
Narrative stories in investor updates are as important as core metrics
“The truth of your business, the facts of your business, those things are critical, but just as important are the surrounding stories around what's happening within the business.”
Andrew Farah Sep 7, 2018 ▶ 8:02 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Insight
Early diversity hiring is a startup's best recruitment engine
“Doing your absolute level best to fill a team with diverse candidates is not only hard, it is probably the single best thing you can do as an early stage startup. Because when you have people from different backgrounds early on, call it in the first 50 employe…”
Andrew Farah Sep 7, 2018 ▶ 10:09 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Insight
Moving a hardware product to mass production takes 12 to 18 months
“You're looking at 18 months, probably minimum from start. That's like from prototype to mass pro or mass production, 12 months, maybe if you're great at it and you know exactly what you're doing.”
Andrew Farah Sep 7, 2018 ▶ 20:37 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Insight
The best VCs assume a founder's premise to evaluate upside potential
“The best venture capitalists I've ever spoken to assume your premise and then ask, okay, what could happen if you were right? And you spend 45 minutes talking about that portion of the idea and not 45 minutes justifying your existence.”
Andrew Farah Sep 7, 2018 ▶ 23:32 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
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