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 15 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
Sitar Teli: Adtech is currently and will remain less interesting
“Advertising technology, although that's probably less interesting at the moment and probably in the future.”
Sitar Teli: Starting a VC fund is the worst kind of startup
“It's probably one of the worst startups you can think of.”
Teli: VCs should avoid detailed rejection feedback because founders debate it
“With, what I like to do is give just a couple of reasons for why, like, you know, the most important reason for why, but not too detailed, because the problem with giving really detailed feedback is I've rarely had an entrepreneur who didn't try to argue with …”
Teli: There is enough venture capital for all seed companies
“In seed, yeah, there's, there is probably enough capital for all the seed companies out there, but capital isn't just one giant bucket”
Teli: Knitten software will enable on-demand apparel manufacturing in retail stores
“In the much longer term, I can imagine walking into Azara and having them print me some clothes. Yeah. And it's the software that, that Knitten is developing that really enables that to happen at scale and at a way that's cost competitive with what people do n…”
Teli: London Tech Ecosystem Lags Silicon Valley Despite Catching New York
“How London's sort of kind of catching up at New York, but it's still a ways away from where Silicon Valley is”
Teli: VC funds need partners with founder or early-stage experience
“If you're starting a fund, to have someone, or at least some of the partners, have started a company, or been very early in a company, because I think they can relate to founders in a very different way.”
Teli: VC firms should operate as partnerships rather than solo GPs
“I'm a big believer in VC partnerships, rather than working alone.”
Teli: Fast rejections are the most valuable service VCs offer founders
“So, so, so I think that actually the biggest thing that you can do to provide value is to say no as quickly as possible. Because you know, the, what's more valuable, right? It's the entrepreneur's time. That's like the most valuable thing. And so the longer th…”
Teli: VCs giving 'maybe' responses unfairly string founders along with false hope
“A lot of times, VCs say maybe, which is, I think, just a very not nice way of saying no, right? Right, because it gives the entrepreneur hope, and a lot of times the entrepreneurs interpret them maybe as a not no, you know, and it's just keeping them hanging o…”
Teli: Connect Ventures rarely invests without a strong UX focus
“If user experience is not at the core of that it's just not likely that we invest at all.”
Teli: Crowdfunding complements seed venture capital instead of threatening it
“No, I actually think it helps it. I mean, a lot of the best crowdfunding runs I've seen have been alongside a VC. One. And two I think, you know, there, there's a lot of businesses out there that frankly don't need venture capital. They need capital, but not v…”
Teli: Firm Twitter accounts are ineffective compared to personal VC branding
“A lot of them, so what I see a lot of is like VCs where the firm has a Twitter account, and I don't think that's very effective. Because I think for entrepreneurs, right, your relationship is with the investor, the specific person that you're going to be worki…”
Connect Ventures launched without an office, website, or business cards
“One of the things we had to deal with the first year is, People didn't take us seriously until we had business cards, because they didn't really believe we were a real fund. And so, like, we didn't have an office. We didn't have business cards. There wasn't a …”
Teli: Portfolio support is the best marketing for a VC fund
“For us, we've always played the long game in terms of marketing, which is the best marketing we can do is the companies we invest in, and working them really well, and if we do that right, that's how we build our brand, and that's how we build our reputation”