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
Acqui-hires now yield only 1x to 1.5x returns for early investors
“What I've seen has been that, in reality, some of those transactions look a lot more like return of capital or maybe one and a half X kind of returns, and it's no longer that lucrative on that side.”
Big tech is slowing acqui-hires due to internal backlash over retention
“A lot of those companies are slowing down the tech and talent deals because what they found was they were Angering their existing employee base”
More tech companies were created from 2008 to 2018 than prior history
“There have been more companies created in the last 10 years than probably the entire technology business before that”
Acqui-hires are becoming increasingly unfavorable for early-stage investors
“A lot of the large companies are no longer really thrilled with tech and talent acquisitions, and those Acquisitions are turning into less and less friendly for early investors”
Multi-stage VCs will abandon seed investing when the workload accumulates
“I think there's a chance that that may happen again, and as you know, these markets shift and twist and turn, and so I think there could be a chance that these guys, again, intercede, but aren't all that committed when they see how much work there is, where th…”
Seed investing requires concentrating on a few disruptive winners
“I'm focused on finding those few companies that can provide really disruptive returns in order to be able to keep funding the business.”
Dan Scheinman predicts a return to large-scale tech M&A
“So I have, for a variety of reasons, not Participated in secondaries so far, and I believe that there will be exits, that great companies eventually will exit, that we will see a return to some larger M&A in markets where it becomes so critical for some of the…”