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 5 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
Bannon: One-for-one impact models like Toms Shoes are inherently flawed
“We really don't like the sort of like one for one model companies. Right. So like the Tom's shoe or like for every shoe we sell, we're going to donate shoes to a country in the third world because then the good you're doing always has to be defended. When you'…”
Bannon: The Friedman Doctrine is one of history's most dangerous economic ideas
“We think it's actually one of the most wrongheaded and probably dangerous doctrines in the history of the world, and I know it sounds a little Strange to say that an economic doctrine is very dangerous, but we think it's allowed a lot of businesses to pursue p…”
Bannon: Impact investors lack tech skills, tech VCs only care about profits
“When we talked to investors, we found that they all basically fell into one of two buckets. Either you had the people who really cared about the why, or, you know, what are traditionally called impact investors, but who knew basically nothing about technology …”
Bannon: Mission-driven funds get more technical diligence help than traditional VCs
“Given our fund's mission, people are willing to help us do that more so than they would be with a traditional fund.”
Bannon: Silicon Valley talent is largely wasted on trivial tech problems
“I think there's just such incredible talent in Silicon Valley, and I think it is largely going to waste. I think that way too many incredibly talented people are working on incredibly trivial things, and I see it around me a lot where people are going through …”