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.

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why aren't all 4 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

Disclosure
Polovets: Most of Humba's 10-12 unicorns lacked multi-stage seed leads
“I think we've invested in like 10 or 12 unicorns roughly. Maybe like a third of those or quarter of those had a series A investor at seed.”
Leo Polovets Sep 4, 2025 ▶ 54:19 Is Non-Consensus Investing Overrated?
Disclosure
Polovets: Humba Ventures paused defense investing due to inflated valuations
“We invested in defense a lot three, four years ago, and then we kept looking, we're basically paused for a year and a half or two, because after the Ukraine and Israel thing, you know, prices just went up like two, three, four times, but the company fundamenta…”
Leo Polovets Sep 4, 2025 ▶ 27:10 Is Non-Consensus Investing Overrated?
Disclosure
Polovets: Many of my top returns came from non-consensus investments
“I would say like for me, and maybe we invest like a tick earlier more like towards pre-seed and seed, but for me, a lot of my best investments have been more on the non-consensus side.”
Leo Polovets Sep 4, 2025 ▶ 2:45 Is Non-Consensus Investing Overrated?
Disclosure
Polovets: Six to eight of his top ten investments struggled raising seed
“I think at least on my side, for a lot of the precedes and seeds I've done, I went back, I think over my top like 10 investments, maybe six or seven or eight took them months to raise a seed round.”
Leo Polovets Sep 4, 2025 ▶ 22:13 Is Non-Consensus Investing Overrated?
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