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 11 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
Rohan: Reserve allocations for follow-ons depress seed fund DPI
“On balance, I don't think reserves and follow ons, I think it actually hurts seed investing and it hurts seed investing in two ways. One is it depresses DPI.”
Rohan: Venture value-add is commoditized and short-lived post-investment
“I tend to agree with David on this, that a lot of this value add is commoditized, and it's also, also often when you talk to founders, it might be like a couple quick motions to try to win the check, and then people kind of fade into the background.”
Rohan: Venture conviction is rarer than favorable pricing
“One undisputable law, empirical law of a venture is the power law, right? And so the rare thing is not price. The rare thing is conviction and the company. And so if you've got conviction and you found the company, you write that check, 10,000,020 million, a h…”
Rohan: Venture capital power dynamics have flipped to favor founders
“Everything and what you're really having is like, I think the founders went from, or the VCs kind of went from the customers to now the founders of the customers.”
Rohan: Founders invest in domain networks rather than YC Demo Day hype
“Most founders are just investing in people they know or in things they know. And then I, that I do think that because they're either investing in their networks. Or they are being sought out by someone building an analogous company, or that's someone in their …”
Rohan: Post-Series B venture investing relies on access, not picking
“Post series B, these things become not only like, they become painfully obvious and it's picking is not the thing. It's just access, right?”
Rohan: VCs should act like patrons, not hands-on coaches
“I actually believe like the best investors, like for a company to truly be incredible, the founder actually, it has to come from the founder. It really does. It's like a real creative process, like analogy I've been kind of playing around recently. It's like y…”
Rohan: A great cold email is a form of founder hustle
“A great, not, not a bad, but a great cold email is a form of hustle. Absolutely. One that's like, Human. Snaps your attention. Personable. Boom. That a hundred percent is a form of.”
Rohan: Founders should aim to make venture capital optional after seed
“I think it's the right way to look at venture is like, you know, raise, raise that initial capital. And if you get to the point where venture capital is optional and you can dip in and dip out, that's the ultimate. And you've, you know, you choose your own des…”