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 6 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
VCs should treat founders as customers and LPs as shareholders
“Now, listen, we think of, you know, our LPs are, you know, our investors are very important to us, obviously, but I think of them as our shareholders. And if I make my customers very happy and have the best product out there, Then my shareholders are going to …”
VCs passed on Uber due to a small market and unknown CEO
“A lot of the reasons that people didn't invest were one, at the time it was an unknown guy, Ryan Graves running the company and two, It was seen as not a very big market.”
Standard VC market size analysis failed to predict Uber's potential
“The market analysis that, that a lot of people were using was the wrong market analysis, because even though there was an actual car and it was black and it pulled up and it picked you up, this was not the black car market. This was something very, very differ…”
Early-stage founders should spend 95% of their time on tactics
“Especially when you're a super early stage, you know, spend 95% of your time trying to make things happen on a day-to-day basis, and five percent or less of your time on things strategic.”