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
Liaw: Early-stage venture is about picking; late-stage is about access
“I think at earlier in seed stages, I think there's Probably more picking going on. I think that those stages companies need capital or else they're likely to die. Capital is more like a necessity. I think as you get much, much later sort of companies that are …”
Liaw: High entry valuation multiples require path to $300M+ revenue
“If something's five or ten million, but you really have conviction, it can become three, four, five hundred million in revenue, then the 600 to a billion entry price is still fine. If it's like five, 10, and you think it's gonna maybe get to a hundred, a 150, …”
Liaw: Unprepared introductory pitch meetings with founders are now obsolete
“The idea of, you know, have a first meeting. So tell me about your company and you know nothing like that's a dead meeting. And that's actually great. It saves time, saves the entrepreneurs time so they can get back to running their companies and doing the bus…”
Liaw: Distrusting a CEO's decision means investing in the wrong person
“And then you have to go back to, well, you don't trust your CEO to make the decision. You probably invested in the wrong company or person.”
Liaw: Boards Must Replace CEOs Who Have Lost Board Confidence
“If the consensus view ends up being that the CEO has lost the confidence of the board, then I think the board has a responsibility to make a tough decision. The CEO serves at the pleasure of, for the shareholders, and the board is actually supposed to be the o…”