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 7 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
Coelius: Work-life balance gives founders a near-zero chance of outsized success
“Just know that if you do that, your chance of basically, like, having outsized, non-normal success is almost zero. Like, at the end of the day, if you really want to achieve more than anyone else, if you want to be not normal, you have to work not normal.”
Coelius: Entry price is the only thing that matters in venture capital
“At the end of the day, the only thing that matters in this business is price.”
Coelius: A startup pitch must work on a cold call at 9 PM
“I like to say, if you can't cold call a customer at nine o'clock at night, On their cell phone, while they're putting their kid to bed and describe what you're doing in one sentence, forget about it. You have no hope of them basically of selling a product unle…”
Coelius: Deal flow and access are the only hard things in venture capital
“The only two hard things that I can see in this business are basically deal flow and access. So if you don't have basically good deal flow and you don't have access, you're out of luck. You're not going to be successful.”
Coelius: Treat prior checks as sunk costs during follow-on rounds
“I basically like to think of every investment decision as an isolated event where I have, I like my sort of sunk cost is deployed capital, but it's the sunk cost. I don't think about that relative to the decision to participate.”
Coelius: Product-market fit is when customers start saying yes to your pitch
“Between those two points, I think there's a point where the entrepreneur finds product market fit. They find that sentence that they can describe to the customer at nine o'clock at night. The customer starts saying yes. And you go from this sort of very amorph…”