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 6 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
Levine has never invested right around the $1M ARR threshold
“As far as I know, I have not once done a deal right before, right after hitting a million dollars of ARR.”
Levine refuses to invest in unlikable founders despite potential financial returns
“There's a lot of ways to make money backing people you might not particularly like, and I effectively will forego those.”
Levine: Accel typically buys over 10% ownership in seed rounds
“So typically in our seeds, we're buying over 10% of a business.”
Levine: Accel bought 20% of Sentry at $6M, 25% of Scale
“The first investment I led in Century was at a six million dollar post money, and we purchased about 20% of the business. That was five years ago. Scale, the first deal was at a fifteen million dollar post money, and we bought 25% of the business.”
Levine: Accel's Slack, Sentry, and Cloudera investments originated as seed deals
“Even at Excel, our first investment in Slack was a seed. Our investment in Sentry started as a seed. Our investment in Cloudera was an EIR.”
Levine: 18 of 25 mature Accel seed deals successfully raised Series A
“So every deal we'd done at the seed stage in three years, we'd done about 40 deals, and we termed 25 of them at maturity. So 15 of them were still too new at the time we did this analysis. So they were like, you know, six months in, so they weren't looking to …”