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 8 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
Square Wallet failed because Square backed it too long without 10x value
“We tried Square Wallet. It was unsuccessful. We backed it for too long. We kept it going for too long. I think there wasn't enough focus on creating the same kind of 10 X value proposition in that product that Square's core product originally had.”
Garg: VCs fail to systematically evaluate co-founder dynamics during diligence
“What VCs generally do is they rely on their systemic ability to sort of perceive these things in meetings or reference checks. One of the things they don't do is systematically evaluate and try to dig into what are the relationships between co-founders look an…”
Discussing equity splits at length correlates with higher long-term enterprise value
“There's a guy named Noam Wasserman who has found that whenever founders discuss equity splits at length, even if they end up just dividing it 50 50, okay, the fact that they've had the conversation is a higher indicator of long-term company success based on en…”
Very few of the most successful tech startups raised huge Series A rounds
“If you look at the data, look back at all the companies that have been founded, and ask yourself, how many of the best companies that we're most proud of started out with a really huge Series A's? Very few of them have that dynamic. That doesn't mean it's not …”
MTV Networks offered Facebook a Series A term sheet at $45M valuation
“We put a term sheet on Facebook series eight, a forty five million dollar post.”
Garg: Seed startups should raise twice their estimated testing cost
“At the series seed, I always say, like, you want to basically double your money, so it's going to take you 600 grand to answer three or four top hypotheses, try to raise a million to.”
Garg: Series A startups should target 20 to 24 months runway
“It's going to take me nine months to figure out or 12 months to figure out the key hypotheses I need right now. So let me add another, you know, nine to 12 months of runway onto that. So that puts you kind of into the range you mentioned, that kind of 20 to 24…”