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
Gracias: Valor held fracking assets in the same fund as Tesla
“And in the same fund we did Tesla, we actually had fracking assets.”
Antonio Gracias: Valor avoids investments where government pay exceeds one-third of revenue
“We literally have a rule here government pay or in those areas, if it's more than like a third of the business, we don't do it.”
Gracias: Valor Equity Partners employs a Caltech neuroscientist to evaluate people
“We have a woman who's got a PhD in the neuroscience of emotion, Caltech now, on staff, that helps us learn, as you said, always learning, about how to assess people and how to assess their emotional states.”
Gracias: Not putting more capital into Flexport was a major mistake
“We invested in Andrewl with Palmer. We have a small investment in Flexport, which should have been one of the biggest mistakes the last 10 years of my career is not putting more money in Flexport.”
Valor doubled down on Tesla and SpaceX during the 2008 crisis
“We put more money in Tesla than we were in the financial crisis, and then helped lead a convert round there that was really tough for us to do, and then put money in SpaceX.”
Gracias: Demonstrating high ROIC creates a compelling fundraising case
“In today's world, if you're an entrepreneur and you can show up and say, listen, I have a 50, 60, 70% return on capital, every dollar you give me will yield a 70, 80% return on the back end, even though we're losing money along the way, that's a very compellin…”