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.

clear all ✕

why aren't all 5 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

Assertion Partly supported
Mullen: Series A Rounds Expanded to $20M on $80M Pre-Money
“What's interesting, what you're saying, though, is valuations have jumped, as we all know, and also the amount of capital the A firm is putting in. So where the A round three years ago should be six at 24, it's now 20 at 80, like you're saying.”
Mark Mullen Jun 24, 2021 ▶ 14:21 20VC: Optimising Investment Decision-Making in Compressed Fundraising Timelines & A Deep Dive on Portfolio Construction, Price Sensitivity and The Importance of Ownership with Mark Mullen, Co-Founder @ Bonfire Ventures
Assertion Contradicted
Mullen: Sequoia Capital Reports 50% to 60% of Investments Go to Zero
“Even the greatest investors, I think Sequoia says, 50 to 60% of their investments go to zero.”
Mark Mullen Jun 24, 2021 ▶ 34:58 20VC: Optimising Investment Decision-Making in Compressed Fundraising Timelines & A Deep Dive on Portfolio Construction, Price Sensitivity and The Importance of Ownership with Mark Mullen, Co-Founder @ Bonfire Ventures
Prediction Partly held up
Bonfire Targets 24 to 28 Seed Deals With 60% Follow-On Reserves
“We're not going to move out of that. So we have a very clear focus in what we do and we do about Seven to eight, seven to nine deals a year. We'll have a 24 to 28 company portfolio, and we do about 40% of the investments are the primary check and 60% follow-on…”
Mark Mullen Jun 24, 2021 ▶ 11:17 20VC: Optimising Investment Decision-Making in Compressed Fundraising Timelines & A Deep Dive on Portfolio Construction, Price Sensitivity and The Importance of Ownership with Mark Mullen, Co-Founder @ Bonfire Ventures
Prediction Partly held up
Bonfire Maintains Series A Pro Rata and Caps Follow-Ons After Series B
“We'll maintain our pro rata in the A round. We might do a little bit in the B, and then we're done.”
Mark Mullen Jun 24, 2021 ▶ 13:03 20VC: Optimising Investment Decision-Making in Compressed Fundraising Timelines & A Deep Dive on Portfolio Construction, Price Sensitivity and The Importance of Ownership with Mark Mullen, Co-Founder @ Bonfire Ventures
Assertion Partly supported
Bonfire Ventures Does Seven to Ten Deals Annually With Seven Board Seats
“We do about seven to 10 deals a year. We will take seven board seats of those 10, right?”
Mark Mullen Jun 24, 2021 ▶ 19:13 20VC: Optimising Investment Decision-Making in Compressed Fundraising Timelines & A Deep Dive on Portfolio Construction, Price Sensitivity and The Importance of Ownership with Mark Mullen, Co-Founder @ Bonfire Ventures
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