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 17 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
Kanji: I tried to talk Wise co-founder Taavet Hinrikus out of LSE listing
“And then right after that, Tavit went public with Wise on the LSE, and I tried to talk him out of it. I said, go, go in America.”
Kanji: Darktrace generated more early revenue and staff in US than UK
“Darktrace made more money in America than it did in the U.K. From the very early days. It had more staff in America than it did in the U.K.”
Kanji: Author of viral LinkedIn post refused repeated requests to meet
“I reached out to the person who wrote the LinkedIn post multiple times to grab coffee. Before that went out, the day that it went out, after it went out, and I've chased afterwards, and she's never met me.”
Hoxton maintains quarterly acquisition buyer lists for portfolio companies in crisis
“And so every, every quarter we have like an immediate shopping list, which is if this company falls into trouble, I'm picking up the phone, I'm calling this person At this buyer in this level of the organization who wants this kind of product technology, techn…”
Kanji: Hoxton Ventures achieved a 34x realized return on Deliveroo
“The best investment on paper was, I mean, not paper, like, realized was Deliveroo. It was about 34 X on the first check.”
Kanji: Hoxton concentrates over 60% of Fund III into top third
“In the second fund, that's now shifted to a little bit over 50% of our capital is in the top third of the fund. And in the third fund, it's getting closer to about 60, 65% of the top, like, The money's going into the best companies.”
Kanji: Hoxton is price-sensitive on ownership target, not check size
“Yes, because we care about ownership, but no when it comes to the check.”
Kanji: Hoxton led $10M check into AI foundational model startup
“We put in 10. It was an AI company, a foundational model, didn't necessarily need all the money on compute, so 10 in a foundational model, and 10 is a really large number, but 10 in foundational model land is still a small number. We took it off the table, and…”
Kanji: Hoxton portfolio company with $150M+ revenue is hiring bankers for IPO
“We have a company in our portfolio, It's about two years away from IPO. It's appointing bankers right now. One hundred fifty million net, one hundred sixty million net revenue right now on a run rate basis.”
Kanji: Hoxton invested reserves in AI startup CUSP for 11% stake
“And then CUSP walked in the door, which is this foundational model for material science, and we wrote down a double check. Like, we took our reserves and did one big investment, own 11%, decent sized investment”
Kanji: Hoxton invested approximately £1M in Deliveroo's initial round
“We put in just around a million of that first round.”
Kanji: Hoxton Sold Out of Deliveroo Fully at IPO
“We sold out a delivery at the IPO. We thought it was a, we thought it was like very Fairly valued at the time.”
Kanji: Hoxton Uses Unbiased Team Members to Evaluate Follow-On Deals
“So we have a fairly trained growth investor on our team who is not in these companies, who can look at the data just on pure databases and give a view. So we basically assemble a different team other than the person leading the investment, saying take a look a…”