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
Lindzon: Angel investing boom driven by passive market flows, not bubble
“This whole angel investing phenomenon is partly due to this Vanguard S&P 500 and the way the public markets are working. So people that call this a bubble I don't really understand the full scope of money and money flows and the whole ecosystem of investing, b…”
Lindzon: Investors should write the check if price is the only objection
“If you like the CEO, and you like the opportunity, and you like the market, and every single thing about this says yes, and the only reason you say no in a private, this is private stuff, not public check, and the only reason you say no is the price, well, you…”
Lindzon: Public market investors only need around 12 core brand stocks
“Where startups versus the stock market differ is that in the stock market, I don't think you need 500 stocks, the S&P 500. I think an average person can own 12 companies. I call them eight to 80 brands that you use from eight years old to 80 years old have a d…”
Lindzon: Early-stage venture investors should hold roughly 100 startup investments
“In the private markets, I totally believe that the more the merrier, and not so much spray and pray, but having a hundred startups is not bad.”
Lindzon: Fundraising is an art rather than a teachable skill
“So there's just so many subtleties to the whole, I would call it more of an art than a skill. I think, everybody's trying to teach people how to raise money, and I would say, hey, listen, not everybody can be an artist.”
Lindzon: Angel investors should draft behind smarter co-investors
“First rule of thumb, follow smart people, right? Because just like in sports, in the Tour de France, if you can keep up with the smart people, then you can just draft behind them.”
Lindzon: Investors cannot understand down cycles without personally losing money
“People need to lose money to really understand how the markets work, and you can lose that money in a private deal or in the public markets, but until you're cut and bleed and see how co-investors behave with you and how the entrepreneur feels, I don't think y…”