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 11 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
Wincek: Late-stage VCs are bad at pricing future vision
“Late stage investors, frankly, are kind of bad at giving entrepreneurs credit for what could be. They see that as upside, but really they're very good at understanding what is working and how additional capital or how additional executives or how slight change…”
Wincek: Venture capital now has more capital than good companies
“Today I think we have more capital than there are good companies.”
Wincek: Proprietary distribution channels enable startups to scale unfairly
“Get your product into the hands of consumers that you own, that's proprietary to you, and that's relatively inexpensive to kind of the market rate is how you can actually scale unfairly against your competitors.”
Wincek: Snap broke out without ever buying Facebook app install ads
“They never bought Facebook ads or, like, Facebook app installs to get there, but instead, they had this really viral product and a proprietary channel, which was actually a pretty old-school channel, right? Word of mouth.”
Roseanne Wincek: Venture capital is the academia of technology
“I really feel like venture is kind of the academia of tech, right? We kind of create all these mental models for how we think the world works, and we go, we do experiments to test whether or not they're real”
Wincek: Early-stage VC returns rely on a one-third fund-returner rule
“Early-stage investors, at the early stage, you really think, like, about a third of your companies are going to go to zero, a third of your companies are going to return their capital, and a third of your companies are going to return your fund.”
Wincek: Early-stage investors without complete failures aren't taking enough risk
“If you're not, if things are going to zero, and you're a seed or an early-stage investor, you're not taking enough risk, right?”
Wincek: Top enterprise and consumer startups share fundamental growth dynamics
“The best enterprise companies and the best consumer companies, they really look quite similar underneath the covers.”
Wincek: Almost every venture-backed startup uses Looker for analytics
“I don't know a venture-backed startup that doesn't use Looker for analytics because everybody knows that, like, that's one of the first things that you buy.”
Wincek: Online Education Should Return to Direct Master-to-Apprentice Learning
“I think a lot of early attempts at online education are taking, you know, universities and schools and academia and putting them online. But really the beauty of the internet is that we can actually go back to first principles and think about how does learning…”