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
The VC Industry Faces a Reckoning With Many Firms Shutting Down
“I think there will be a lot of folks that go away in this cycle. I watched it in the last go round. You know, Spark and USV and all these firms didn't exist before the last cycle. And they really made their names coming out of the O eight crisis. And on the ot…”
Bijan Sabet's Twitter Series B Catapulted Spark Capital Into Top Tier
“As I was joining Spark, Bijan Sabat at Spark led Twitter series B and that investment catapulted us into the upper echelon of VC firms.”
Five-Year Employee Retention at Giant Multi-Stage VC Firms Is Zero
“These are people, these are businesses with hundreds of people working there. The odds that all of those same people are going to be there in five years are zero.”
Excess Venture Capital Creates Bad Habits and Dampens Returns
“I think we should have fewer investors and some less capital in the system. I think we've pumped too much capital into the system and it's created a lot of bad habits. And I think it's going to dampen returns, frankly.”
Barry Diller Used Vivendi Cash to Roll Up Depressed Web 1.0 Assets
“We were flush with cash after the Vivendi universal entertainment transaction, and Barry decided to scoop up internet assets that had fallen out of favor. It was an incredibly prescient decision, and we ended up consolidating massive web one dot O categories t…”
Barry Diller Ran Eight-Hour 'Dynamic Debate' Meetings at IAC
“And when I was at IAC, Barry used to call our Monday meetings, our office of the chairman meetings, the dynamic debate. And we would sometimes sit in there for eight hours yelling at each other and screaming at each other to get to the right answer.”
Dara Khosrowshahi and Jeremy Liew Ran IAC's Strategy Team in 2001
“I joined the strategic planning team who, interestingly enough, we were just talking about this, was then being run by Dara Khosrowshahi, who's now the current CEO of Uber, who hired me into IAC, as well as a guy named Jeremy Liu, who you may also know who led…”