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 7 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
Kumar: Multi-stage seed checks are option value that harms struggling startups
“For a lot of these multi-stage firms, the capital that they put into a company in the early stages is just an option value. And if it's just an option value, then if things don't go well, that company is going to have an incredibly difficult time at raising ca…”
Kumar: Overpricing early rounds harms startups more than extra dilution
“My advice to them is to actually go for a slightly lower valuation, because whatever valuation they take is setting the bar for their next round of financing, and it's also setting the bar for what kind of exit they can have. And so trying to optimize that, I …”
Kumar: Groupthink and consensus are the biggest enemies for venture firms
“I think the biggest enemy for venture firms is actually groupthink, and that kind of almost goes back to the solo GP versus a partnership type of a model. There's a lot of benefits to having partners and people Questioning and serving as a, as checks and balan…”
Manu Kumar: Momentum investing comes too late for seed VCs
“Like to me, momentum investing is like by the time something has already gained momentum, at least for someone investing at my stage, it's already too late.”
Kumar: Solo founder experience is critical for solo GPs trusting their gut
“And I think that experience of having been a solo founder is critical for me today being a solo GP, because I have to be comfortable in making a judgment call, effectively trusting my gut in a lot of cases.”