The Ledger
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why aren't all 2 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
Bridge rounds work for product delays, not market or team failures
“If it really is, you know, it took a little longer for the product, but it's awesome. We just need three more months before we can have that customer traction. I think that the bridge round is probably going to be fine. If it's, well, we need six more months b…”
Founders spend large early rounds over 12 to 18 months regardless
“The problem with saying, well, we'll just raise a whole bunch more on the first round is that it's human nature. You don't divide that number by 36 and spend accordingly. You tend to just Divide that number again by that 12 or that 18. And so then you're spend…”