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 10 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
Hoffman: Founder CEOs are paid 5x less than external CEO hires
“Founder CEOs are very undercompensated. Like the go forward comp for a founder CEO today, once you, let's say you're there for over four years, your go forward comp is probably five X lower than if they hired an outside CEO.”
Hoffman: LPs will cease re-upping with non-performing VC fund managers
“Well, I do think there were a lot of VCs with subpar returns that were still raising their third, fourth, fifth, sixth, seventh funds. That is very unlikely going to happen in the future. So I think you're the, sorry, VCs that were doing that from LPs. And so …”
Hoffman: Venture capital firms will increasingly specialize team roles
“You're going to start to see different firms start splitting the stack a bit, and they're going to have certain people who are going to be good... You're going to start to see that much more so with investing, where if you're going to have a team anyway, and i…”
Auren Hoffman: High employee impact strongly correlates with working the most hours
“The people I've worked with who have been the most impactful people, it is extremely high, highly correlated that they also put in the most hours.”
Auren Hoffman: Most companies get far less than 40 weekly productive hours per employee
“Most companies are not getting anywhere close to 40.”
Auren Hoffman: Fully committed founders never lose investor capital
“If you ever see a scenario where a founder is putting more than a hundred percent in, I have never seen that company do less than a one X ever. That company has always been successful.”
Hoffman: Firing founder CEOs was commonplace in the 80s/90s but rare today
“Every VC today is founder friendly, right? It's pretty rare nowadays for a founder to get fired. Whereas like in the eighties and nineties, that was commonplace for a founder to get fired.”
Hoffman: 22 of Facebook's first 25 employees left within four years
“I think 22 out of the first 25 people at Facebook left after, within the first three or four years.”