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 3 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
Hower: $100M exits return seed funds but fail multi-stage fund thresholds
“If you own 10% of a company that exits for a hundred, hundred fifty billion dollars with a 40, 50, 60, seventy-five million dollar fund, you can still return a meaningful portion of that fund with a, you know, a 102 hundred million dollar exit. Obviously, the …”
Hower: No 'subprime model' exists in venture capital due to power laws
“There's no subprime model to venture capital investing, right? You can't invest in the mediocre companies at a cheap price and produce a good outcome because the distribution of outcomes is a power law. It's not a normal distribution.”
Lee Hower: High valuations without progress create severe overhangs
“At any point in, in the life cycle, You can create a valuation overhang where if a company raises capital at an exceptionally high valuation and can't hit value accretive milestones along the way to merit that, that valuation, they put themselves at a challeng…”