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.

clear all ✕

why aren't all 9 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

Prediction Not checkable as stated
Fushman: Slack will become workplace productivity's primary operating system
“Slack is one of the fastest growing companies, I think, that's been around, and it's poised to transform how people work and communicate, and build a true operating system and platform for productivity going forward.”
Ilya Fushman Sep 19, 2016 ▶ 22:53 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Assertion Not checkable as stated
Fushman: Dropbox conducted a major reorganization every six months while scaling
“And so, yeah, I think every six months we did a pretty significant reorg.”
Ilya Fushman Sep 19, 2016 ▶ 6:59 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Insight
Fushman: VCs giving operational advice must avoid being prescriptive
“It's dangerous to be prescriptive.”
Ilya Fushman Sep 19, 2016 ▶ 14:36 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Assertion Supported
Fushman: 70% of Dropbox users were located outside North America
“Dropbox had 70% of its users outside of North America, and the biggest chunk of those were in Europe”
Ilya Fushman Sep 19, 2016 ▶ 18:54 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Assertion Partly supported
Fushman: 30% to 40% of SaaS company revenue comes from Europe
“If you look at most SaaS companies, and really, I think, most companies that generate revenue, 30 to 40% of their revenue will come from Europe”
Ilya Fushman Sep 19, 2016 ▶ 18:54 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Insight
Fushman: Venture capital is like a swim team, not a soccer team
“But it's a sometimes lonely job. It's like being on a swim team and not a soccer team.”
Ilya Fushman Sep 19, 2016 ▶ 19:57 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Insight
Fushman: Scaling requires turning implicit leader knowledge into documented processes
“As you scale, you need to start investing a lot more in communication and transferring the knowledge that's in your heads and verbalizing it and putting it in some kind of processes for everybody else.”
Ilya Fushman Sep 19, 2016 ▶ 6:30 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Insight
Fushman: Venture feedback cycles differ fundamentally from product development
“The feedback cycles in venture are incredibly different from the feedback cycles of building and shipping products, and that's probably the biggest gap.”
Ilya Fushman Sep 19, 2016 ▶ 11:52 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Assertion Supported
Fushman's solar startup built the most efficient and expensive solar cell
“We built the world's most efficient solar cell. It was also the world's most expensive solar cell, so that didn't quite work out.”
Ilya Fushman Sep 19, 2016 ▶ 3:10 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
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