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

Insight
First-time founders must project confidence and fake a track record
“If you've never done it before, you have to pretend that you know exactly what you're doing because you really don't earn points for being a rookie, so, you know, people are looking to invest in people who have a proven track record. Well, guess what? If you d…”
Rachel Drori Mar 30, 2018 ▶ 17:22 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
Insight
Work-life balance is impossible and founders must accept trade-offs
“I think before I had kids, there was this idea that you can have it all at some point, and I realized that that is just It's not possible, you know, and I think that it's an idealized vision that a lot of people have, like, oh, you know, I'll be able to do eve…”
Rachel Drori Mar 30, 2018 ▶ 20:19 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
Insight
Drori: Capital constraints force startups to be selective and methodical
“Being Capital Light allowed us, or not only allowed us, it forced us to kind of be very selective with things that we went after and to be methodical about how we did it.”
Rachel Drori Mar 30, 2018 ▶ 4:56 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
Insight
Empathetic board members can act as co-founder sounding boards
“Both Alex and Carl be the type of people that I can call. I can be a little vulnerable with, you know, I can, I will get that empathy, but they're also just wonderful sounding boards. So the decisions that one would usually make with a co-founder, I find that …”
Rachel Drori Mar 30, 2018 ▶ 14:41 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
Insight
Drori uses stoic worst-case analysis to handle startup crises
“And for me, the thing that I always go back to is stoicism or stoic philosophy. And I always ask myself, what's the absolute worst thing that can happen? So, you know, in that moment I said, okay, well, worst case scenario, people don't get charged. It's one w…”
Rachel Drori Mar 30, 2018 ▶ 6:31 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
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