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 10 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
Gomila: High-Quality Investors Are Easier to Close Than Worse Ones
“We thought it would be easier to close the worst investors. It was actually easier to close the better investors.”
Investors Must Introduce Randomness to Maximize Their Learning Speed
“And there's another component as well that you've got to add a little bit of randomness in because your algorithm, you won't be able to learn in the quickest possible way unless you need a little bit of randomness to go against your kind of feelings and your a…”
Jude Gomila: Breaking into high-end markets is easier than low-end markets
“We actually found it very difficult to get into the low end of the market and the high end of the market was actually easier to sell into, which was very surprising. And that led to a lesson of sell high, like your prices should be high.”
Gomila: Angel investing requires high-volume precision, not spray-and-pray
“And I don't treat it as a spray and pray. I treat it as like, actually every shot you take is a sniper rifle. It's just, I have a lot of bullets and I have a lot of time.”
Gomila: Angel investors should maintain uniform check sizes across high-risk investments
“The point you made where you don't know some of your riskiest bets, maybe the absolute best bets. And I realized that, you know, some of the riskier bets I'd done smaller check sizes on, and I realized that was actually not the right decision. And the risky be…”
Gomila: Data tools raise the skill required for venture capital
“I think as we get more data and we get more analytics, that means more complexity and more opportunity to be analytical. So I think the skill actually goes up. Some of the art maybe goes down, but the skill can go up.”
Gomila: $50M-$100M exits do not move the needle for VC fund math
“It's okay if you have a fifty million exit or a hundred million exit. And most people around the world would say that is absolutely insane. But for the VC, that's not going to cut it. It's not going to move the needle. The math doesn't work. They need some muc…”
Gomila: Angels need 10-20 investments to hit non-linear returns
“Just from a pure numbers perspective, if there are nonlinear returns on an investment, you probably need to make, as an angel, 10, 20 investments to possibly see, to have a statistically high chance of seeing one of these nonlinear returns.”