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
VCs should act as personal friends supporting founders' whole lives
“In today's world, the reality is that your business and your personal lives blend completely into just one person, and so I do think that In your role as investor slash advisor, you are a friend to the founder, and your job is to support the entire person with…”
Startup board meetings should be capped at three to four hours
“I think that you want to limit the board meeting time itself Not the committee meetings, but the board to three to four hours. After that, I have not found the board meetings to be productive.”
Board meetings should focus on strategy, not performance metric updates
“The board meetings should not be used for performance dashboards. It is your role as a board member to work with the founders in advance to set up the metrics in dashboards that you want to track.”
Series B is the optimal stage to add independent board members
“B is the right stage, I have found, to bring in independent board members that have significant experience scaling, driving growth, and potentially key functional expertise in some of the areas that you want to build out, such as sales, partnership, risk, mark…”
Independent bookstores grew 10% annually for five consecutive years
“For the last five years, independent bookstores have been growing by about 10% year over year”
Felicis Ventures pledges 1% of committed capital to founder mental health
“To address this, Felicis launched something called the Founders Pledge, Founders Development Pledge, where we contribute one percent of our committed capital toward leadership coaching and mental health for the founding team.”
Kabbage grew revenue from $5M to hundreds of millions in six years
“And together we grew the company from its very beginning in 2012. It was just about four or five million into the hundreds of millions of dollars at the end of last year.”
Felicis Ventures tracks Net Promoter Scores for its portfolio founders
“One of the things we do at Felicis is we track NPS score with founders and something we pay a ton of attention to”