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 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
Clerico: One bad investor on a cap table can ruin a startup
“One bad apple on your cap table can really spoil or even ruin the company.”
Clerico: A Startup Pivot Means You Failed as an Entrepreneur
“We in Silicon Valley use this term pivot as this catch-all Friendly term to just say, Hey, we're going to change our business strategy. But what it actually means is that you've failed as an entrepreneur. You know, you've, your strategy, your mission, your obj…”
Clerico: CFOs are the only role providing unbiased, cross-company evaluation
“And I think the other sort of unspoken benefit of CFOs is that they're really the only other function that can look across the entire company in an unbiased way and help sort of measure performance and help advise the CEO on how to invest the company's resourc…”
Bill Clerico: Big Banks Remain Unaffected by Fintech Disruption
“The reality is that the big banks have really been unaffected by fintech. You know, fintech has yet to really disrupt major parts of the market, and so I think it's still very, very early days, and it'll be exciting to watch what fintech does over the next 10 …”
Clerico: Great founders are transparent with investors about challenges
“I think what sets apart great entrepreneurs from not so great entrepreneurs are the ones that can be honest and candid about those challenges and enlist their investors help and keep them in the loop on that.”
Clerico: Culture is the set of norms guiding unmonitored employee behavior
“What culture is, is it's the set of, kind of, norms and guidelines that guide people's behavior when no one's telling them what to do, and I think that, As a tool is incredibly powerful. You know, if as a leader, you can set a set of guidelines and values and …”
Clerico: Great companies require an opinionated culture with explicit stances
“I think great companies have an opinionated culture. It's not just sort of generic. There's specific stances that they take Terms of values, norms, behaviors that help dictate that common set of behavior.”
Clerico: CEOs Should Not Be the Sole Board Contact as Companies Scale
“I think it's also important to, as you grow as an entrepreneur, to not be the sole point of contact with your board. You know, you have a management team, you have a CFO. Making sure that you're bringing your team into those board meetings, helping your team d…”
Bill Clerico pitched 40 Boston VCs before YC without raising funds
“I think I pitched four DVCs in Boston and, you know, didn't raise a dime.”
Bill Clerico: WePay Will Expand Internationally and Into Lending and Insurance
“You know, we think that there's a huge opportunity in international expansion. That'll be a big priority for us. The other thing too is we think there's opportunity outside of peer payments. So today we pay as a payments company, but we think that over time th…”