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
Randle: Benchmark missing early AI model providers was a complete failure
“No, it fucking sucks. It's terrible. It's a complete and utter failure on, on our part. And I think we, we'd all say that.”
Randle: Benchmark partner says any pre-AI SaaS liquidity is top-decile performance
“There's a partner here at Benchmark that says any liquidity for pre-AI SaaS companies is top decile performance. Any liquidity at all.”
Randle: Dismissing CoreWeave as a low-margin compute middleman was wrong
“When CoreWeave was first raising in private markets, I was like, oh my god, this is, they're reselling a commodity, you know, they're a middleman, they're a broker of compute, it's gonna be low margin, yada, yada, yada. How wrong was I?”
Randle: Benchmark does not strictly adhere to fixed 20% ownership targets
“I think sometimes people confuse the inputs for the outputs at benchmark where it's like, oh, like they have to have 20% ownership and they only want to invest at a hundred posts. All these things. And I think that's, that couldn't be further from the truth. W…”
Randle: Passed on OpenAI at $32B valuation over structural concerns
“And then the thirty-two billion dollar round of OpenAI came around when I was at Kleiner Perkins, and all of a sudden I was like, oh man, this structure seems really gnarly. You know, they're gonna have to convert this somehow, it's a non-profit, they're selli…”
Randle: Benchmark targets over 5x net returns for LPs
“This is one of the reasons why I'm extremely excited about benchmarks, competitive position in today's market, because we can go to LPs. We can say, Hey, we're shooting for higher than five X net. We have the historical track record to back it up. And we have …”
Randle: First deal back at Kleiner Perkins was SpaceX at $150B
“One of like the first investment that that I did at Kleiner Perkins when I came back in, was SpaceX at a hundred and fifty billion dollars.”
Randle: I lost all my college savings shorting Tesla
“With all of my college savings, I shorted Tesla. And I feel like everyone has gone through this experience. If they were a value investor at some point in their life where it was like, you know, you just, oh my God, Tesla, maybe it's not a fraud, but it's so o…”