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
McCormick: Not Boring Capital never led a round across 91 investments
“Did you lead a single round? Did you write any term sheets? Were you the biggest check in any one of those 91 investments? Never. And that's all part of the strategy, right?”
McCormick: Not Boring Capital does less diligence than most co-investors
“I wrote in both the public and private memo that like I'm doing probably less diligence than most people on a specific company than most people who are investing in a company will.”
McCormick: Running a venture fund scales better than writing sponsored newsletters
“It does scale a lot better to run a venture fund than to show up every week and get a sponsor and then write, write an essay.”
McCormick: Winning founder allocation depends on if they are already active readers
“I don't think it's gotten, you know, any easier convincing founders to give me allocation at 50,000 readers or 88,000 readers. Like if they're a reader, then they kind of get it. And if they're not, then You know, they don't on the sponsorship side. It's diffe…”
McCormick: I made 91 investments in Not Boring Capital Fund 1
“Fund when I did fund when I did 91 91 investments and not all of them have investment memos.”
McCormick: Venture funds cannot deploy a billion dollars purely with follow-on checks
“It changes the strategy completely though. You can't deploy a billion dollars in follow checks.”
McCormick: Becoming a full-time VC partner would never be attractive
“I've had that other conversation with funds, too, where it's like, hey, you want to come work and, you know, be a full-time partner at this fund? And no, like, we've talked for the past couple of hours about how much fun I'm having doing this particular thing,…”