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
Wise: Core VC tasks do not require prior operational experience
“It's really not clear that you need to have huge amounts of entrepreneurial experience in order to do the two things which VCs should be able to do really well. One is insightfully source companies. So find interesting companies in areas which are fast growing…”
Wise: Venture capital offers loose oversight compared to banking or startups
“If you don't love it is actually surprisingly easy for people to disappear for three or four hours a day and not really do anything, right? You get rumbled after six months, but it's not like a fight. It's not like being in a bank or being a consultancy or it'…”
Wise: Venture capital struggles to scale in its traditional model
“It's really, really difficult to scale venture capitalists. The companies we invest in, they have to scale, but we personally, we're not very good at it. So VC really, you know, struggles to scale in its current model, at least”
Wise: Venture capital firms must react to the rise of equity crowdfunding
“And I think that there's no doubt it's already a real force to be reckoned with, and I think it's one which has got huge potential. And VCs need to react to it and be aware of it”
Wise: VC investment decisions ultimately depend on subjective belief over data
“You can use a lot of Data around emerging trends and around market and around looking at existing traction and public data points, but ultimately the decision comes down to that very core subjective belief.”
Wise: Series A investors back a team's problem-solving ability
“What makes a great Series A for me is someone who has also on top of that shown that they can learn and they can iterate to get to that. Because when you give Series A funding, it is still very, very high risk. And so what you're still backing is the ability o…”
Wise: Mini-bonds expand crowdfunding by offering immediate interest returns
“But the great thing about mini bonds is it attracts into the market people who have a different type, or they want a different type of asset, and they want a different type of risk, and it allows them to be involved in businesses which they really, really care…”
Wise: FOMO is a dangerous inclination venture investors must actively correct
“It's something we constantly have to check ourselves against. I think it's a natural human inclination. I think it's a really dangerous one, and it's something which we are aware of and trying to correct for all the time.”