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 8 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
Gerstner: Altimeter invested over 30% of its debut fund into Snowflake
“Our first fund VC won hell. I couldn't even raise it. I was 20 or 25% of the fund. And I put, we put over 30% of that fund in Snowflake at a point in time that the world thought we were crazy.”
Gerstner: Altimeter passed on pro rata rights multiple times in 2021
“Sometimes you know, we'll have to pass on our pro rata in those rounds because we think that the price, like we did many times last year, the price has just gotten too far ahead of itself.”
Gerstner: Altimeter underwrites exits at 20% below pre-COVID average multiples
“Everybody on my team, for example, knows that we're applying a 20% discount To the pre-COVID ten-year average, right? So that is the exit multiple that we use.”
Gerstner: Most of Altimeter's $6B LP distribution in 2021 came from Snowflake
“Most of that distribution, right, not all, but most of that distribution was Snowflake.”
Gerstner personally provides 20% of the capital in Altimeter's funds
“I'm 20% of the capital in altimeter.”
Gerstner: An Altimeter software portfolio company missed its projections by 70%
“We have a software company, you know, where, where people, where they misplanned by 70%, right?”