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 16 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
Roger Dickey compares LPing in Sequoia or Andreessen to a mutual fund
“Like if you can LP with Sequoia Greylock, Kleiner, Andreessen, you're probably going to get your money back. You know, that's almost like a mutual fund.”
Roger Dickey predicted in 2017 that most seed-stage AI investments would fail
“I think artificial intelligence is the wave. It's that's the trend right now that's forming new companies. So you have a lot of people that are investing in teams that probably aren't the best teams to be going after those opportunities. I think there are goin…”
Roger Dickey claims Andreessen Horowitz adds as much value as a co-founder
“And I think, you know, one of the ways we think about it is in Andreessen Owen's Some large percentage of our company, let's say, 10 to 20% of the company, we think of them like a co-founder, and they actually have added the same level of value that a co-found…”
Roger Dickey prioritizes target market over team or product in angel investing
“Of all those things, market is the first thing I look at when I'm making an angel investment because I've actually seen, I've now been investing long enough that I've seen great founders pursue terrible markets and the businesses just don't go anywhere.”
Roger Dickey warns most people shouldn't angel invest expecting financial returns
“It's the kind of thing most people shouldn't really be doing expecting a financial return.”
Roger Dickey claimed in 2017 that social app venture opportunities were dead
“I don't think there are opportunities in, in social or photo sharing apps right now.”
Gigster received $3M in project submissions within 24 hours of launch
“So we launched Gigster November, December, twenty-fourteen, pretty much the same week that we launched. Actually, it was, I believe, within one or two days, we had three million dollars worth of business submitted. Literally, I think it was the first 24 hours.”
Andreessen Horowitz spent 15 minutes on founder backgrounds before Gigster's pitch
“When we went to the partner meeting, the final approval meeting for our investment with Andreessen, I think they asked us to talk about ourselves for about 10 or 15 minutes before the pitch”
Roger Dickey: Engineering job openings outnumber existing software engineers five to one
“There's a five to one ratio of job openings for engineers to engineers that actually exist.”
Roger Dickey predicts a higher-level language will soon simplify software creation
“I believe that there will be a higher level language for software that makes software Easier to build. You know, we've gone from assembly to, you know, C++ to JavaScript, now to these web frameworks. I think there's going to be something even higher level than…”
Gigster launched as a simple landing page with chat
“So Gigster itself was basically a landing page that said, hire a quality developer in five minutes. And then it had a simple chat application on the backend that you could use to chat with us and hire said developer.”
Gigster's average project size grew from $20k to $150k between rounds
“Between our series A and our series B, which is roughly 20 15 to 20 16, we saw our average project size go up from 15 or 20,000 to about a 150,000.”
Andreessen Horowitz employs 150 operating partners, according to Roger Dickey
“I think they have a 150 operating partners at the firm.”
Roger Dickey admits over 50 of his angel investments haven't returned capital
“So in, in, in my case, I have 40 or 50 companies that probably, probably 50 plus companies that haven't returned yet.”