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
Mark Suster's 'always be raising' advice distracts founders from execution
“There is a headset that has become the norm, which is always be raising. I don't know if that's always right. I think it's where we are, but I don't think that's necessarily the right thing for all founders. I think it's often very distracting and very, and ma…”
Managing for Series A metrics makes founders build decks, not companies
“You can become obsessed with what you need to achieve for the next round. And, you know, every board meeting then becomes, well, what are the series A guys want? And you're not really building the business. You're building the deck for the series A.”
East Coast VCs gain clarity by avoiding Silicon Valley's echo chamber
“I think starting our career on the East coast kept us a little outside the eco, you know, the echo chamber. And I think that did give us some perspective. We weren't around all the VCs every day.”
Financial modeling for seed startups is a complete waste of time
“There's no model. We're not building discounted flat cash flows or weighted average cost models or black shoals. We're just not doing that stuff. There's not enough data to do it. You'd waste your time.”
Founder Collective will keep its next fund size capped at $75M
“If you keep your fund small enough, which is something that we really believe in, we've kept the fund. The last fund was 75. This, the next fund is 75. We haven't grown it.”
Idealab was the first startup accelerator, predating Y Combinator
“Ideal lab was the first accelerator pre YC pre, you know, all the, you know, the ones that we see today.”
The highest-returning venture investments are non-obvious deals that consensus rejects
“It's sort of a core belief that the best investments we've made and the best investments out there were not obvious, and they were the kind of wacky deal in the corner of the room that everybody else sort of passed on”
Founder Collective co-led SkipTheDishes, which sold to Just Eat for $200M
“We ended up, you know, leading the round with golden golden ventures out of Toronto. So I think, you know, they recently sold to Just Eat for, you know, two hundred million Canadian, so we're excited about that.”