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 8 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
Rachleff: Executive Experience Does Not Help VCs Predict Startup Success
“Because the skills that you develop as an operating executive have nothing to do with identifying which company might succeed.”
Rachleff: Iconic tech companies rewrite history to obscure early pivots
“But they all revise history to make it seem like they did. Because you want to buy products from a company that intended to sell to you.”
Rachleff: Board Members Should Evaluate Product-Market Fit, Not Operational Details
“It's not my job to find issue with any of the particular things that they do. They're closer to the business than I. It's my job to determine, one, do they have product market fit, to hold a mirror up to them so they can be intellectually honest about their pr…”
Rachleff: Prefer superb product for 70% over average for 100%
“I'd rather that we build something that's great or superb for 70% of our clients and shitty for 30 than something that's pretty good for a hundred.”
Rachleff: Computers perform routine investing tasks better than humans
“Almost everything in investing that's good practice is really routine, and computers are a lot better at routine things than people.”
Andy Rachleff: Transactions cannot close without creating a fear of loss
“If you can't create a fear of loss, you're never gonna close the transaction.”
Rachleff: Entrepreneurs mistakenly assume competitors will immediately copy their innovations
“One of the biggest mistakes that entrepreneurs make is thinking that everyone, that once others see what you're doing, of course they're going to drop what they're doing and do what you're doing. It doesn't work that way.”