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
David Cohen: Twilio and Uber were Fund 1's first and fourth investments
“The first investment I made was in a company called Twilio. Fourth investment I made was in a company called Uber.”
Techstars requires approval from only one partner for seed investments
“We've maintained, even though we have four partners now working on the larger investments, we've maintained this idea that if somebody gets excited, that's all you need. Go make the seed investment.”
David Cohen invested $50k in Uber after asking for a $100k allocation
“And I said, I was in sitting on that bar stool. I think I asked for a 100,000 dollars. And, you know, cause at the time I think that was the sort of up leveling that we were trying to do in that fund. And I got 50. It's fine. I took 50.”
Techstars maintains a 1:1 reserve ratio for larger follow-on investments
“When we do make a larger investment, we actually reserve one-to-one. So for every dollar we put in, we keep a dollar in reserve, and then we, you know, over time sort of reallocate that as needed and think about our reserves as a strategic part of what we do.”
Techstars deploys $50M-$75M annually into accelerator investments alone
“We're investing 50, seventy-five million dollars a year just in the accelerator level plus the fall on capital.”
David Cohen raised $2.5M for Bullet Time Ventures Fund 1 in weeks
“I raised two and a half million almost instantaneously a couple of weeks.”