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 30 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
Chris Sacca claims he watched Mark Zuckerberg lie to the U.S. President
“And I've been in the room with Zuckerberg. I've watched him fucking lie to the president of the United States about what they know internally versus, like, the claims he spouts out loud.”
Sacca says he watched Mark Zuckerberg lie to the U.S. President
“I've been in the room with Zuckerberg. I've watched him fucking lie to the President of the United States about what they know internally versus, like, the claims he spouts out loud.”
Sacca: Travis Kalanick was ousted by 13 Uber managers, not VCs
“In the end, what pushed Travis out was when his team held him accountable. It was when the, you know, his 13 senior managers all wrote a letter and said, dude, you gotta stay out of the company. You know, that's really the only force that Silicon Valley leader…”
Chris Sacca: Commercial nuclear fusion is imminent, far under 30 years away
“You know, I deeply respect all the work you've done in the space, but you sound like someone who hasn't visited the lab in a while, because that's not where it is, and I can't preempt any announcements coming from any of our companies, but I can assure you it'…”
Chris Sacca claims Lowercarbon Capital's current internal rate of return is 95%
“The multiples are already there. I think IRR is 95% right now, and so so we're already getting fucking rich doing it”
Chris Sacca: Rogue states will unilaterally deploy geoengineering if democracies do not
“And if we don't do it, You know, North Korea is going to do it on their own. Like, some rogue state is going to launch a projectile that explodes a bunch of dust in the atmosphere, and we won't know which dust, which altitude, and the best ways to do it, and w…”
Sacca predicts Lowercarbon will outperform his legacy software venture investments
“Absolutely. I'll get way richer from this. I have multiple companies in the portfolio right now that have, like, they have a trajectory to being multi-trillion dollar market cap”
Sacca: Commercial nuclear fusion is far closer than 30 years away
“I can assure you it is much, much more near term than 30 years imminent, maybe now, who knows, but it's been fucking fascinating to see these accelerating curves”
Sacca: Lowercarbon will only hire people who worked service or labor jobs
“And our organization will only hire people who have had shitty jobs, who've had service jobs, who've worked extremely hard for some point in their life, and who appreciate the worst day of being a VC doesn't begin to compare to the worst day.”
Lowercarbon Capital only hires people who have worked service or manual labor
“We in our organization will only hire people Who have had shitty jobs, who've had service jobs, who've worked extremely hard for some point in their life, and who appreciate that the worst day of being a VC doesn't begin to compare to the worst day of working …”
Travis Kalanick was ousted after 13 senior Uber managers demanded his exit
“In the end, what pushed Travis out was when his team held him accountable. It was when the, you know, his 13 senior managers all wrote a letter that said, dude, you've got to stay out of the company.”
Chris Sacca pays Lowercarbon employees six to ten times the industry standard
“So by the way, I mean, our comp plan probably runs six to 10 times what the industry standard is because I want everyone to materially, I want this to be a life-changing event.”
Solugen reached a nine-figure run rate with 50% to 60% gross margins
“And so we see this happen with, like, a company, Solugen, who's making industrial chemicals using enzymes instead of petroleum. These guys, like, they're, yes, their first VAT cost a lot of money, but they now are, you know, I don't know if I'allowed to say, b…”
Chris Sacca predicts climate tech will make him richer than early web2
“Absolutely. I'll get way richer from this. I mean, we have, I have multiple companies in the portfolio right now that have the very like they have a trajectory to being multi-trillion dollar market cap.”
Sacca: Lowercarbon will only hire candidates with service or manual labor experience
“And our organization will only hire people who have had shitty jobs, who've had service jobs, who've worked extremely hard for some point in their life, and who appreciate that the worst day of being a VC doesn't begin to compare to the worst day of working in…”
Travis Kalanick was ousted by a letter from 13 senior Uber managers
“In the end, what pushed Travis out was when his team held him accountable. It was when the, you know, his 13 senior managers all wrote a letter and said, dude, you gotta stay out of the company.”
Lowercarbon Capital's internal rate of return is currently 95%
“The multiples are already there. I think IRR is 95% right now.”
Chris Sacca day-traded student loans to $12M before losing it all
“So I very famously took my student loan checks for law school, told the school they hadn't shown up, cash them, and use them to day trade in the market. And so this is one of the reasons why I get so nervous about what I see in the Robin Hood phenomenon. You k…”
Sacca: Bill Gurley directly confronts founders in board meetings to instil discipline
“I've watched Bill Gurley knuckle up in board meetings and call bullshit, because that's the place it needs to get done, and if you don't build that rigor and discipline early on, you're not setting yourself up to be a world-class company”
Lowercase Capital managed $6 billion in assets with only three employees
“At the height of lowercase, we were managing six billion dollars, and we were three people.”
Lowercarbon Capital requires every investment to have gigaton carbon removal potential
“We in climate, we specifically make sure every deal has more than a gigaton carbon removal potential.”
Sacca: Shark Tank is completely unscripted and investors use personal capital
“Shark Tank's real. Like, just so you know that none of that is scripted. It's the most authentic show on television. They don't tell us what to say or, and we invest our own money. We don't know anything about those companies before they walk in the door.”
Heart Aerospace secured billions in airline orders on single-digit millions spent
“Fast forward a couple years, and not on the billions of dollars of investment it normally takes to develop an aircraft, but on the single digit millions of dollars in this case, and I think we just did a round in the tens of millions, and up until that round, …”
Kevin Systrom sought only Sacca, Adam D'Angelo, and Jack Dorsey for Instagram
“Instagram came to me. Kevin Systrom literally said, I want three angels, you, Adam D'Angelo, and Jack Dorsey.”
Sacca: Shark Tank is completely unscripted with zero advance info on pitches
“Shark Tank's real. Like, just so you know that none of that is scripted. It's the most authentic show on television. They don't tell us what to say or, and we invest our own money. We don't know anything about those companies before they walk in the door.”
Bill Gurley presented six vetted public CFO candidates at an Uber meeting
“We were in an early Uber board meeting once, and we needed a CFO. And I kind of, I, They said, okay, we need a CFO. And I stopped and I think, okay, like who could be a CFO? And I'm thinking of like old Google people who were like director of finance and maybe…”
Sacca: Four venture firms joining Lowercarbon's HBCU access initiative
“So far, we have four other firms who are going to follow us along and start giving more access, whether it's donated interests or it's or no fee, no carry.”
Early Google shared board decks company-wide with zero leaks for four years
“Google taught me that when they would share confidential information, they would share the board deck with the entire company on Fridays. Literally, they'd gather the entire company and show them the same slides they had shown the board on Wednesday. And that …”
Sacca: Four VC firms committed to joining Lowercarbon's HBCU access initiative
“And so far we have four other firms who are going to follow us along and start giving more access, whether it's donated interests or it's, or no fee, no carry exposure to HBCUs to start participating in this ecosystem more meaningfully.”