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 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
Lessin: Slow Ventures avoids Y Combinator deals because they lack signal
“As an investor, you know, we've stayed away from it for a long time, partially because there's no signal in it because everything comes off the factory line looking exactly the same, packaged properly.”
Lessin: Slow Ventures' top seed returns came from non-consensus, cheap deals
“When I look at our seed portfolio over a long period of time now, my own personal investing longer, you know, the seed deals that have mattered have always been the ones that were hardest to package. They were not on the factory line. The places we've made ser…”
Lessin: Slow Ventures made a 1,000x return on its Solana seed
“Like, I made a thousand X on our Solana seed, right?”
Lessin: Slow Ventures is stepping back from SaaS investments
“I'm not spending a lot of time on SaaS these days, I think partially for the dynamics you're talking about, right?”
Lessin: Fin charges users directly because human-augmented AI is costly
“Our business model for Fin is extremely simple, which is we charge people for it. And, you know, we charge people for it both because of the service we offer is expensive to run. It's, I mean, AAI is not an inexpensive thing to do well because it's not just bi…”
Lessin: I personally invest in deals Slow Ventures deems too expensive
“There are places like, you know, in history, there have been a few instances, my partners are like, we like the deal, it's too expensive. I'm like, ah, fuck it. I'll put in a few personal dollars because like, who cares? It's so little money, right?”
Lessin: TeamShares reached nearly $1B valuation after $4M post seed check
“I have a company called TeamShares, which we put in our first check at four posts that is now touching a billion and is a real company with hundreds of millions of revenue.”
Slow Ventures avoids dApp investments to focus on crypto protocols
“First, we, I generally don't invest in dApps. Again, like we're much more focused on protocols. There are very few exceptions we would make to that.”