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 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
Dixon: Blockchains are to web services what open-source was to OSs
“So blockchains are to centralize services as open source software was to centralize operating systems, right? Like this is, that's what we're doing here. We're trying to open the services layer of the internet.”
Chris Dixon: Selling winning investments early is the worst VC strategy
“Look at the history of venture capital, like selling your winners is the worst possible strategy, and the things that aren't winners don't move the needle on funds. Like, it's just not how venture capital works.”
Chris Dixon: Software Movements Powered by Smart People Always Succeed
“I haven't seen a software movement where a bunch of very smart people were excited about it that hasn't eventually worked.”
Dixon: Junior VC incentives align with job survival, not LP returns
“A lot of issues are so-called principal agent problems. Meaning the individual is not aligned with the kind of the, ultimately with the, you know, with the financial interests of the LPs, because like you're a junior person, you're afraid and you're, you know,…”
Dixon: VCs Should Maintain Reserves and Exercise Pro-Rata Rights for Winners
“I would say the data also that I've looked at, you know, from my own history doesn't, you know, because the winners can be just so if you're good at it, the winners can just be so big that you want to do prorata. So, you know, I it's like, it's a hard question…”
Dixon: Regulatory gray areas discourage good entrepreneurs and attract bad actors
“My chief learning there is that gray areas discourage good entrepreneurs and encourage bad actors.”
Dixon: Achieving top-quartile board governance requires mostly care and support
“Unfortunately, I think it's relatively easy to be in the top quartile of that. If you care about it, if you're supportive in, in multiple in both up cycles and down cycles, like to your point earlier, there's just a lot of stuff that goes on when the market dr…”
Dixon: Two Main Venture Capital Strategies Work — Heat Seeking and Truffle Hunting
“I think there's sort of broadly two methods that work in venture, heat seeking and truffle hunting.”
Dixon: The primary point of blockchain is enabling digital ownership
“So, so to me, the point of a blockchain is to enable digital ownership.”