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 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
Abrams: Most venture capital funds deliver mediocre returns under 2x TVPI
“The reality is most funds have pretty mediocre performance between one and two TVPI. So most investors are not doing that great.”
Abrams: Many new micro VC funds will fade away due to lack of focus
“There are ones that I think are going to go away because I think there are some folks in the, so I don't even like the term micro VC because it's really just early stage venture capital back to the roots. There's some that are going to be real permanent instit…”
Abrams: VC GPs pitch fund strategies that contradict their actual execution
“A lot of managers, GPs, are coming to them And pitching a certain strategy for their fund that is not at all what they've actually been doing or not what they end up doing, and they're pitching that they're going to have a certain specific type of strategy and…”
Abrams: Winning Frontier Tech Companies Will Emerge Cycles After Current Startups
“So I kind of feel like some of these sort of frontier tech areas that people are interested in right now, if they're actually really going to be big, the companies that will really be big in those industries will probably be the companies that'll come a couple…”
Abrams: Friendster Went Through Six CEOs In Six Years
“And selling the company six years later, we went through six CEOs in six years. I was, you know, sort of routinely excluded from board decisions and the, our software was rewritten into worse software. The website barely worked for a couple of years and a lot …”
Abrams: Seed funding volume is going down, not up
“Well, first of all, I think seed funding is actually going down, not up.”
Abrams: Seed valuations peaked around 2015 and stopped rising
“In terms of valuations, I think those might have already hit their peak in 2000 and maybe 15. So the idea that the valuations have just, you know, as they went up throughout 2000, maybe 10 to 2015, I don't think they've continued to go up in 16 and 17.”
Abrams: Statistical analysis proves larger VC portfolio size correlates with solid returns
“The reality is there are people who've actually done the math. I've actually seen, you know, a bunch of people who've done the math and proven that a portfolio that has a certain size statistically can be correlated with decent returns.”