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 6 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
Lean startup methodology fails when trying to compete against Amazon
“There's no lean startup methodology that's going to get you into competing with something like Amazon”
Founders bear total accountability for failure, even if following investor advice
“You know, ultimately for founders, if you do exactly what you're told to do by your investors and the company fails, you're a failure. If you don't do what they say and it's successful, you're a success. So ultimately the decision is in the hands of the founde…”
Startup risk cannot be mitigated or eliminated, only chosen
“So I think the biggest miscalculation people make about risk is that they think that there are ways to mitigate certain risks when actually it's just a matter of which risk you're going to choose to take.”
VCs add value primarily through alternative perspectives and portfolio benchmarking
“Yeah, well, look, I mean, I think first thing is understanding the limits of what you know, and so I think there are really kind of two core value adds that venture capitalists can have for When, as they give advice, you know, one is sort of, Hey, here's a dif…”
A founder's ability to learn is most highly correlated with startup success
“Yeah, well, look, I think if there's one factor that is most highly correlated with success of a Startup companies. It's the founder's ability to learn, and I just think it's the most critical thing, because ultimately, as they take on the company, as the comp…”
Improving predictive skill requires breaking problems down and shortening feedback loops
“What that book says is if you want to, the first answer is yes, some people are better at predicting the future, and the people who are tend to take these complex problems and break them down into subparts, and then the best way to improve your ability to pred…”