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 16 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
Torenberg: 99% of needed software will be built in next 5 years
“On the investment team, we've said that there's, you know, the world has one percent of the software that it needs and that the rest is going to be built in the next five years.”
Torenberg: Apple's $55B annual China investment rivals the Marshall Plan
“I believe they said Apple invests fifty-five billion dollars a year in, in China. And I think the author said that's equivalent or maybe even bigger than the entirety of the Marshall Plan is, is just astronomical.”
Tornberg: Twitter ran as well or better after 70% headcount cuts
“Twitter proved it, right? Cutting 70%, and then it's running better or as good as it was before.”
Tornberg: Media hostility toward a product indicates a winning proposition
“If the media hates it, you, you've really got something.”
Torenberg: a16z regrets not investing even more aggressively in AI
“Because when we look back at the last few years of our sort of growth investing in this category, we, We've been very aggressive, but we regret not being even more aggressive.”
Torenberg: Top 50 podcasts capture 90% of listener traffic share
“The top 50 podcasts have something like 90% of the traffic of the share, and that, you know, more and more people are creating podcasts every day, and they're actually creating a show about, you know, what are the gems that are not in the top 50.”
Tornberg: Few possess both internet-native taste and professional polish
“There's this sweet spot where you need to be online enough to really know the, have a taste and have sensibility and understand these new platforms. But you also need to be functioning enough and professional enough to work at one of these companies. And there…”
Torenberg: AI capex spending currently exceeds 1% of GDP
“AI capex is, you know, over one percent of GDP.”
Torenberg: VC ecosystem will be dominated by massive funds and boutique firms
“I also do still very much believe in the barbell that there will be, you know, these big, you know, sort of massive funds that continue to win and invest in compound value. And also these you know Smaller, focused, concentrated, expert, the boutiques who absol…”
Torenberg: Benedict Evans Called a16z a Media Firm Monetizing via VC
“Benedict Evans once called A, 16 Z a media company that monetizes via VC.”
Tornberg: Out-of-power political parties rely on subversion and comedy
“When your party is out of power, you have to learn sort of sort of the skills of subversion, right? And comedy and sort of contrarian thinking these are tools of subversion or tools that you can, that help you when you're not in power, when you are in power, y…”
Tornberg: Republicans must become the establishment while Democrats adopt subversive tactics
“The right has to learn how to sort of evolve from the underdog who's always questioning to the establishment to, can you actually get things done? And move the needle and the left has to learn a little bit of some of these tactics that, that the right used whe…”
Tornberg: Strong founder public presence lowers CAC and cost of capital
“Founders who have great sort of you know, reputations, public presences are able to recruit better, are able to have lower customer acquisition costs, are able to have cheaper cost of capital because they can raise better.”