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 Not checkable as stated
YC yields a constant number of good deals regardless of batch size
“I think what we have seen is there's a certain number of good deals per batch, regardless of batch size.”
Michael Ma Jul 26, 2017 ▶ 15:22 20VC: Why YC Is The Exact Opposite of Proprietary Deal Flow, Why Having No Follow On Dramatically Aligns Incentives & Why Founders Do Not Have To Be Passionate About Their Idea From The Start with Michael Ma, Founding Partner @ Liquid 2 Ventures
Assertion Partly supported
The best micro VCs reserve 75% of capital for follow-on investments
“Typically for micro-receives, I'd say in industry, it's like fifty-fifty, 50% out of fund, 50% on the back end. I'd say the best funds are doing like something like three to one with three being the follow on. I'd say first round poly is doing that. Like some …”
Michael Ma Jul 26, 2017 ▶ 8:27 20VC: Why YC Is The Exact Opposite of Proprietary Deal Flow, Why Having No Follow On Dramatically Aligns Incentives & Why Founders Do Not Have To Be Passionate About Their Idea From The Start with Michael Ma, Founding Partner @ Liquid 2 Ventures
Prediction Held up
Liquid 2 Ventures skips seed extensions to re-invest at Series A
“Generally, we say we stay out of seat extensions and during the A, we think the lead is going to be the signal anyway. So that's when we'll come back in.”
Michael Ma Jul 26, 2017 ▶ 8:51 20VC: Why YC Is The Exact Opposite of Proprietary Deal Flow, Why Having No Follow On Dramatically Aligns Incentives & Why Founders Do Not Have To Be Passionate About Their Idea From The Start with Michael Ma, Founding Partner @ Liquid 2 Ventures
Assertion Supported
Liquid 2 Ventures does not take board seats at the seed stage
“We don't take board seats on seed.”
Michael Ma Jul 26, 2017 ▶ 12:44 20VC: Why YC Is The Exact Opposite of Proprietary Deal Flow, Why Having No Follow On Dramatically Aligns Incentives & Why Founders Do Not Have To Be Passionate About Their Idea From The Start with Michael Ma, Founding Partner @ Liquid 2 Ventures
Assertion Supported
TalkBin was the fastest exit in Y Combinator history
“At the time, TalkBend was the fastest exit YC had ever had.”
Michael Ma Jul 26, 2017 ▶ 4:20 20VC: Why YC Is The Exact Opposite of Proprietary Deal Flow, Why Having No Follow On Dramatically Aligns Incentives & Why Founders Do Not Have To Be Passionate About Their Idea From The Start with Michael Ma, Founding Partner @ Liquid 2 Ventures
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