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 5 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
Floyd: Multiple co-founders increase the likelihood of premature, smaller startup exits
“Now, the flip side is, and this is something that a lot of people don't think about, from an equity perspective, especially from a returns perspective, having more founders makes the outcome less attractive. It also forces people to take earlier exits, because…”
Floyd: Venture capital lacks concrete skills and is just connecting people
“The venture job doesn't really have a lot of concrete skills. It is a job, it's a people job. You're effectively going out, meeting people, and connecting people. Those are the two job functions you have.”
Floyd: Grads should work in banking, consulting, or big tech before VC
“Taking a job like investment banking, or strategic consulting, or working for a big tech company like Google, will provide you the foundational skills, as well as give you that first toehold of a network.”
Floyd: VCs in initial pitches search for one reason to invest
“In first meetings, As a venture capitalist, you're trying to dream the dream. Like you, the red flags are everywhere. You could, you can find hundreds of reasons not to make an investment. You have what you're looking for. Yeah. What you're looking for is that…”
Floyd: SaaS startups fail on sales and marketing, not product development
“And I feel like for most SAS companies people, people are capable of building great products now on very little money. And so you get a lot of entrepreneurs who are very product focused, who see needs and they're trying to solve them. And then where they fall …”