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 5 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
VCs Spend More Time on Struggling Startups Than Winners
“It turns out that this is probably a truism in the business that you end up investing more time in your losers than your winners.”
Supporting Failing Startups Earns VCs Entry Into Future Winners
“And the willingness to do that is what gets you invited into the next winner.”
Expecting Past VC Investment Models to Repeat Is a Major Failure Mode
“I think one of the failure modes of venture capital is to assume that the past is the future and that you'll consider it, can you continue to see the same models?”
Infrastructure VC Relies on IP; Application Layer Requires a Thesis
“When you move from the infrastructure layer, where I think Investing is really defined by technical differentiation and intellectual property defensibility. You know, they're, I think, being more opportunistic, more deal flow driven, made perfect sense. When y…”