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
Wolfe: Investing with a 3-10 year horizon creates time arbitrage advantage
“If the public markets are thinking one or two years out and discounting back, and VCs are thinking one or two years out, then if you are thinking three, four, five, or let alone 10 years out, then you've got a time arbitrage advantage.”
Wolfe: Lux Debates Small Checks More Than Large High-Conviction Deals
“Our internal partnership debates are usually the fiercest over the smallest dollars of what we have low conviction. When we have high conviction, our dollar checks are the highest, and everybody is near consensus.”
Josh Wolfe: Big Breakthroughs Come From Renaissance-Style Interdisciplinary Founders
“And so I think the same thing is sort of happening in the entrepreneurial community on the one hand, where to make that incremental advance, you have to be really specialized, but because people are so specialized in all these different fields, the people that…”
Josh Wolfe: Best VC returns come from novel technology in new markets
“Some of the greatest inventions, some of the greatest technology, some of the greatest companies, and some of the greatest venture investments came when you had that combination of a novel technology into a new market.”
Wolfe: The three sources of investment edge are informational, analytical, and behavioral
“I've got a rule of thumb that there's basically three sources of edge. You've got informational edge, analytical edge, and a behavioral edge.”
Wolfe: Bill Gates Focuses on the 10% of Subject Matter Worth 90%
“He would listen and sit And think, and then it would be the ninety-ten of it, meaning he would get to the 10% of the subject matter that had 90% of the value. He was exceptionally tuned in to supporting founder, CEO, very astute on the economics of product, of…”