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 20 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 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
Ian Lee: Web3 and DAOs Will Power the Future of Venture Capital
“And if you believe that, then the end state likely of this trend that's been happening for more than two decades is likely going to lead to some sort of model and system that will be powered by web three endowed technologies behind them. And that is the bet th…”
Ian Lee: Novel DAO Markets Will Surpass Legacy Entity Transformations
“Over the long run, when we're thinking about 10 to 20 year plus time spans, it's likely that the new to world markets are actually going to outsize the existing ones, and that's absolutely what we think Syndicate is going to do.”
Ian Lee: Network-Participating Investors Will Win in Crypto Over 5-10 Years
“At a high level, if you project this out again, over five to 10 year plus timescale, the investors who are more participatory in these networks that can actively get involved natively with these technologies are going to be the ones that win.”
Ian Lee: Web3 Can Centralize Wealth Just as Effectively as Decentralizing It
“So in the same way, like, you know, taking social media as an example, I think web three has that same potential, and you're, and you we've been seeing that, right, for the last decade since it's been around, which is that web three, like any technology, has t…”
Ian Lee: NFT-Powered Spotify and YouTube Alternatives Will Emerge by 2024
“So good example of this is that I think that like NFT powered commerce in Web three, NFT powered digital media and various kind of social media platforms. That I knew or believed were gonna happen in 10 years or so, I think are now possible in the next two to …”
Ian Lee: Web3 Will Create Trillion-Dollar Outcomes Within Ten Years
“We're, you know, we're gonna see potential, you know, hundred billion, trillion dollar outcomes in the next 10 years.”
Ian Lee: Traditional VC Centralizes Wealth and Control in Web3 Networks
“The traditional venture capital model was actually centralizing wealth and control and ownership of these networks.”
Ian Lee: ICOs Created a Democratic Model for Tech Investment
“One of the things that was really profound about ICOs was it was a completely open and democratic model to invest in technology.”
Ian Lee: Solo Capitalists Struggle to Support Portfolios Compared to Traditional VCs
“The angel investing model and the solo capitalist model doesn't do a great job of supporting portfolio companies, right? So in order to compete with traditional venture firms that have a lot more resources, And areas of support and areas of like business devel…”
Ian Lee: VCs Without Web3 Capabilities Will Lose Their Competitive Edge
“VC funds that don't build those capabilities, whether they are dedicated crypto funds or not, are going to not be able to maintain an edge and keep up with the pace of innovation and the, I guess, innovations that are coming out of web three.”
Ian Lee: Incumbents Fail by Dismissing Tech That Disguises Business Model Shifts
“And my main takeaway from that book and all of my work over the last two decades is that it's because incumbents Fail to realize that a technological innovation often comes with a business model innovation behind it, and they get, they dismiss the technologica…”
Ian Lee: Syndicate's a16z-Led Series A Turned Its Cap Table Into a Nightmare
“Our series A, which was led by, you know, Andreessen Horowitz, it also had like a 150 people and other funds involved in it. It was like this Monster party around that honestly, like, has made our cap table a nightmare.”
Ian Lee: DAOs With Explicit Mandates Are Vastly More Successful
“Purposeful DAOs, where they have explicit mandates and very specific ones. Tend to do much better. So if you have, like, a DAO that's just kind of very generic and doesn't really have a clear purpose, those ones have a much harder time sustaining themselves, w…”
Ian Lee: DAOs Will Spawn Novel Organizational Models Beyond Legacy Structures
“As it relates specifically to DAOs I, we do believe that DAOs are going to lead to fundamentally new organizations that don't easily or don't exist in today's world. A good example of this is like, you know, some of these DAOs that are popping up right now in …”
Ian Lee: Copy Trading Electric Capital Is a Top Crypto Investing Strategy
“I think copy trading of each and electric capital is probably one of the best strategies that anyone can have.”
Ian Lee: Kyle Samani and Chris Dixon Popularized 'Web3' Around 2017
“The people who originally talked about Web Three were people like Kyle Simani of Multicoin and also Chris Dixon at A-sixteen Z, probably around like, 2017, 20 18, and that was, I mean, that was way ahead of its time, but for people that were kind of following …”
Ian Lee: Early Web3 Startups Failed Due to Missing Infrastructure, Not Storytelling
“Cello is, is one that I have high hopes for, but there have been, you know, hundreds of startups that unfortunately were going after really important missions, and were actually telling very good narratives about how they were going to, for example, bank the u…”
Ian Lee: Mt. Gox Collapse Set the Crypto Industry Back Three Years
“Mt. Gox set the Bitcoin industry and the crypto industry back by, you know, at least two to three years.”