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 6 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
Thomas: Co-leading venture rounds reduces individual investor involvement
“Co-leads are tough because there isn't the clear incentive for one individual to kind of like be that, that guiding hand and be super involved.”
Thomas: The best board members ask questions instead of mandating solutions
“I've found that the best board members just very simply ask the best questions. They obviously have opinions about where it is that the company should go. But they don't mandate solutions. They don't mandate their thinking because the thing is that founders an…”
Thomas: Investor advice is just one data point for founders
“Your investor's perspective is an important data point, but fundamentally, you're never going to have Perfect information to make a perfect decision. And so it boils down to, of all the data that you've collected, including an investor opinion or advice, what …”
Thomas: Early-stage startups need former founders and operators on their cap table
“I'm not saying to exclusively fundraise from former operators or funders, but certainly have them on the cap table because you want your earliest investors to be those who have been on the other side of the table. They will have deep empathy for the early jour…”
Thomas: VCs aim to maximize ownership without hurting startup trajectory
“All investors, you have to, as a founder, see this with eyes wide open because while your partners in the business, their business model is to maximize their ownership in your company while not harming the trajectory of it.”
Thomas: Executive long-form writing creates multi-purpose organizational value
“You can take a weekly CEO note and share it with a VIP candidate to give a true lens into how you think and what's going on in the company. You can share a letter to the board with the broader investor base to get help with the key issue. When you do long-form…”