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 11 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
Free online startup resources are more valuable than a $100,000 MBA
“It's better to learn from these resources than it is to just go out and pay, you know, a hundred grand for an MBA.”
Ashish Walia Oct 30, 2015 ▶ 9:42 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Assertion Partly supported
High-level corporate law firms charge $600 an hour for routine work
“You're stuck paying almost 600 dollars an hour for some high level law firm for routine legal work”
Ashish Walia Oct 30, 2015 ▶ 2:30 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Insight
Everyone inside a traditional law firm wants to leave
“When you Join a law firm. It's something that everyone on the outside wants to get into it, but everyone on the inside of that law firm wants to leave.”
Ashish Walia Oct 30, 2015 ▶ 4:16 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Opinion
Law school inherently fails to teach students how to be entrepreneurial
“Inherently, law school does not teach you to be entrepreneurial at all.”
Ashish Walia Oct 30, 2015 ▶ 11:03 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Opinion
Y Combinator seeks product engineers while 500 Startups prefers community hustlers
“I think it seems like YC tends to have more product focused engineers, you know, that they're looking for, and 500, you know, there's an interesting thing that I'd love for you to link up to, is there's a core question where Dave McClure really writes about th…”
Ashish Walia Oct 30, 2015 ▶ 16:48 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Prediction Not checkable as stated
LawTrades aims to become the world's largest virtual law firm
“The biggest thing that I hope to accomplish with this is to sort of be the biggest virtual law firm that decentralizes the existing model and creates the most affordable scalable and efficient solution for people that are looking to handle their legal work.”
Ashish Walia Oct 30, 2015 ▶ 22:00 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Assertion Not checkable as stated
DIY legal services cost founders more long-term due to mistakes
“Do it yourself legal service, which ends up costing a lot more money down the road to fix all the mistakes”
Ashish Walia Oct 30, 2015 ▶ 2:30 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Disclosure
LawTrades targets former Big Law attorneys running solo or boutique practices
“So we have pretty strict standards for the lawyers that come onto our platform. So generally what we look for is attorneys that have big law experience that, you know, are sort of tired of like the work-life balance. And inevitably a lot of people will work in…”
Ashish Walia Oct 30, 2015 ▶ 12:32 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Insight
500 Startups selection hinges on early validation and network recommendations
“So I would really say for anyone that wants to get in I, you know, focus on, Just getting some early validation and show that there is some opportunity with your business, and then also try to just get connected with people within the network because if they v…”
Ashish Walia Oct 30, 2015 ▶ 15:49 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Assertion Not checkable as stated
LawTrades' initial product was a lawyer directory with zero traction
“And the first version that we built out was absolutely horrendous. We had zero traction. It was simply a lawyer directory service. No one was really using it.”
Ashish Walia Oct 30, 2015 ▶ 6:22 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Assertion Supported
Bryan Johnson built Braintree as a non-technical solo founder
“I would definitely say Brian Johnson, the founder of Braintree. But, you know, just being a single founder with no technical background, building a massive company that customers love, that was very tech focused, and then, you know, later doing what he's doing…”
Ashish Walia Oct 30, 2015 ▶ 20:00 20 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
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