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 9 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
Porteous: Consumer Startups Must Rely on Organic Growth Over Paid Acquisition
“I think the way we'll see new consumer experiences launched is actually going to be much more organic. You know, it's the trends, the sharing of new application experiences among communities that we as investors have to really watch for because we can't compet…”
Porteous: Building a startup requires 80-100 hour workweeks for 4-5 years
“Are they really ready to commit the 80 to a hundred hours a week for four to five years that it really takes to build a company?”
Porteous: Traditional 10-year venture fund structure no longer works
“The ten-year fund structure with a couple of extensions doesn't really work. It was invented 40 years ago, And it creates a ton of challenges for everyone involved.”
Porteous: Display ad industry persists despite failing advertisers and ad tech collapse
“As we look around kind of the media landscape, I'm constantly amazed at how poorly served most advertisers are. It's part of the reason we've seen such a collapse in the ad tech sector. The fact that we still really have a display advertising industry, to me, …”
Porteous: Early-stage venture capital operates identically to the movie business
“All of us, you know, in the early stage of venture business spend our time really thinking about talent, and we could just as easily be talking about, you know, leading actors. I mean, we're looking for massively talented people who can play a leading role in …”
Porteous: Secondary options in 2008 would have smoothed LP allocation shock
“The whole industry watched allocations shrink after the liquidity crisis of 2008. If LPs had had a defined exercisable secondary option in their funds. In many cases, they would have pulled it at that point, and it could have been a smoother period for everybo…”
Porteous: Time diversification is as essential as stage or sector diversification
“Diversification by time is, is one of the most important instruments that, that we have as investors. And it's actually crucial that in composing a fund, it's not heavily concentrated in a single time period, just as you don't want it to be concentrated in a s…”