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
Gupta: Sequoia evaluates founders on trajectory (slope) rather than baseline (intercept)
“I think that when we talk about the people we like to invest in at Sequoia, we talk about investing in slope rather than intercept.”
Ravi Gupta Sep 14, 2020 ▶ 29:03 20VC: Sequoia's Ravi Gupta on His Lessons From The Hyper-Growth of Instacart, The Key Question To Ask When Building or Evaluating Teams & The Importance of Investing In and Detecting Slopes Rather Than Intercepts
Insight
Gupta: Any team evaluation short of 'enthusiastic rehire' is a no
“I think the question you've got to ask if you're building or evaluating your team is, would you enthusiastically rehire this person if given the chance, knowing everything you know? And I think the word enthusiastically is so important here because it removes …”
Ravi Gupta Sep 14, 2020 ▶ 6:55 20VC: Sequoia's Ravi Gupta on His Lessons From The Hyper-Growth of Instacart, The Key Question To Ask When Building or Evaluating Teams & The Importance of Investing In and Detecting Slopes Rather Than Intercepts
Insight
Gupta: Work provides more immediate feedback than parenting, distorting our priorities
“There's always a reason that you should stay late and work on something, because the impact that you'll make at work will be more visible for that next hour than the impact you'll make at home by the things you do with your kids, and it's more visible and tang…”
Ravi Gupta Sep 14, 2020 ▶ 34:37 20VC: Sequoia's Ravi Gupta on His Lessons From The Hyper-Growth of Instacart, The Key Question To Ask When Building or Evaluating Teams & The Importance of Investing In and Detecting Slopes Rather Than Intercepts
Insight
Gupta: VCs must remember companies exist for people's life's work
“Investors would be best served to remember that Companies do not exist for their pleasure. Companies exist for people to do their life's work. And when you do decide it's not for you, that it's not about proving that you're right.”
Ravi Gupta Sep 14, 2020 ▶ 37:37 20VC: Sequoia's Ravi Gupta on His Lessons From The Hyper-Growth of Instacart, The Key Question To Ask When Building or Evaluating Teams & The Importance of Investing In and Detecting Slopes Rather Than Intercepts
Insight
Gupta: A board member's goal is becoming the founder's first call
“I would tell you, I think the way I would articulate the goal for you is you should Seek out to build enough trust from the very beginning with a founder where you are their first call when things are good or when things are bad.”
Ravi Gupta Sep 14, 2020 ▶ 26:39 20VC: Sequoia's Ravi Gupta on His Lessons From The Hyper-Growth of Instacart, The Key Question To Ask When Building or Evaluating Teams & The Importance of Investing In and Detecting Slopes Rather Than Intercepts
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