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 5 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
Ball: Mega-funds incentivize VCs to prioritize deploying capital over founder success
“And so now there's a path where investors, GPs get rich, where the outcome of the founders and their companies is irrelevant. Not to say they are aligned in opposite directions, but they're no longer aligned. And now, as a rational actor, you could say, why no…”
Ball: Startups with excess capital inevitably dilute focus across too many initiatives
“Every founder and every company and every board will tell you if we raise money, we're not going to spend it. We're going to stay frugal. That never happens. And instead of focusing on, you might ask a founder, what are the three things that matter most this y…”
Ball: Raising $100M too early eliminates moderate exit outcomes for founders
“There are companies that could be sold for a 102 hundred million dollars that results in life-changing outcomes for founders and early employees. If you raised a hundred million dollars too early, that exit path is no longer on the table. You can't sell the bu…”