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 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 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
Traditional VCs are skipping due diligence to win competitive deals
“Term sheet in two days. No diligence, right? Just like, maybe send us a board deck. And there used to be a small number of well-known growth stage fund who would do that, but increasingly what's happening is a lot of more sort of traditional VCs, I think, are …”
Startups with $15M ARR valued at $1.2B will struggle recruiting executives
“Like, hey, if you're a 15 millionaire or a business valued at 1.2 billion, I think you're going to have a challenging time recruiting the caliber of senior leadership that you want.”
Public markets cannot absorb the thousands of unicorns created since 2019
“If a thousand billion dollar plus valuation companies were created in the last two years, what we all know to be true is that in two to five years, like the public markets will not be able to ingest a thousand, maybe 2000 of these businesses far from it. And m…”
High valuations will trigger a major surge in total startup failures
“Yeah, so based on that, like, honestly, I think you're going to see a lot more zero.”
Electric will be a successful public company within five years
“Electric's a public company, and a very successful one. Definitely within the next five years, that's a huge priority”
Denehy: Electric will reach $100M ARR within five years
“Envision us as a de facto market leader. You know, this is a hundred million plus AR business, strong public market fundamentals, world-class leadership team, and probably still the coolest swag in the game.”
Denehy: Electric grew from 5 to 150 employees in under three years
“A company like ours that goes from four customers and five employees to 300 customers and 150 employees in less than three years.”
Denehy: Every company needs software to automate IT management
“And so then when we had a whole bunch of it stuff that had to get handled, I just thought to myself, well, Hey, if you can automate HR stuff with software, why can't you automate it stuff with software? Every company needs this.”
Denehy: Swarm sold its lousy $100 Wi-Fi sensor MVP to 100 customers
“And then we were able to, you know, we were able to sell that product to probably, I think, our first 50 or a hundred customers. It was a lousy product, but it was good enough for the early adopters to see what we were trying to do and prove that there was a b…”
Denehy: Swarm avoided total layoffs with a $300K wire before a wedding
“Our last two companies were at times days away from running out of money, and I think in the most extreme case at Swarm, Rudd's wedding was on a Saturday, and we were gonna have to lay everybody off on Monday, and so two days before the wedding, we got a wire …”