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.
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Excite@Home failed because cable companies refused revenue sharing with the startup
“Ultimately, the combined company met its demise due to, shall we say, the cable companies not really wanting to revenue share this new internet broadband subscription source with a cheeky Silicon Valley startup.”
Ryan McIntyre says self-awareness is the most critical trait for board members
“The bigger thing I think we all place a premium on is a high level of self-awareness among ourselves and the entrepreneurs and members of management teams that we work with. And I'd say that sort of self-awareness of, you know, your own role and dynamics in a …”
Ryan McIntyre says new musical instrument categories emerge once every few decades
“The sort of opportunity for new instruments to really emerge is, you know, only happens, you know, once every few decades.”
SendGrid sends one billion daily emails and prepares for 2017 IPO
“They send over a billion emails a day. They've been profitable this year and they're an IPO candidate in in 2017.”
Foundry Group hired outside moderators for bi-annual partner 360 feedback
“So when we first started Foundry Group, you know, we would have an outside Person come in and moderate three 60 degree feedback sessions with us twice a year.”
Foundry Group requires three of four partners to approve investments
“Technically three of the four need to vote affirmatively to make to make an investment decision.”
All Foundry Group investment decisions have been unanimous in practice
“I think in practice, all of our investment decisions have been unanimous.”
Foundry Group completes between seven and ten investments per year
“We do between seven and 10 investments per year, and there, there's probably, you know, 10 times that in terms of companies that we would invest in, in terms of the qualities of the teams or the entrepreneurs, but, you know, we have to keep a very high bar.”
Foundry Group sets a higher diligence bar for passion-project music tech investments
“Jason and I spent a lot of time back and forth, almost, you know, giving ourselves a higher bar because saying, hey, we know we're excited about this because we're music geeks, but let's also, you know, make sure that before we start showing it to Seth and Bra…”