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.
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Paley: Top Company Never Matched Its Founding Year's Hottest Theme
“Never, not the last 20 years, has the most valuable company born in any single year, right, valuable as of now, been this in the theme that was hot in that year. It has not happened.”
Paley: Most VCs Earn Money From Management Fees, Not Carry
“It's why most VCs get paid on management fees. They don't get paid on, on, on carried interest, because TVPI, TVPI in that case, doesn't actually translate to DPI.”
Paley's study of 71 IPOs shows capital raised doesn't drive startup success
“We looked at 71 IPOs over the last five years, the 71 tech IPOs over the last five years. To study whether venture capital in the outlier cases could be argued to have really driven greater success. And it turned out there was effectively no correlation betwee…”
Eric Paley says most peer seed funds allocate capital like Series B
“A lot of seed funds today, a lot of our peer group, a lot of whom I respect very much they really look like series B funds in terms of where their average dollar goes in. They may be starting very early, but their average dollar is weighted towards series B.”
Paley: The Trade Desk Burned Only $7 Million Before Its IPO
“The company burned seven million dollars before going public.”
Kelsey Wirth built Invisalign into a billion-dollar company in five years
“I was very lucky to have Kelsey Wirth on my board who was the founder of Invisalign, and we had gone after this industry that I never imagined we'd go after that was certainly very quirky to the venture community, and Kelsey had built a billion dollar company …”