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 6 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
Kleiner Perkins collapsed because it relied on stars over institutional culture
“Where you have brilliant individuals, when those people go off the boil, or they retire, or whatever, the performance is going to collapse. And that's sort of what happened with Kleiner Perkins. They had two amazing investors, Vinod Kostler and John Doerr. Vin…”
Sullivan: Power inverted as top VCs beg AI founders for 3% stakes
“When I started, if you were a smart guy in Silicon Valley, you crawled on your hands and knees up Sand Hill Road to Sequoia or Kleiner Perkins and begged them to invest. They'd invest Three million dollars and own 30% of your company. Now it's the other way ar…”
Green: Sequoia, Kleiner, and Bessemer had little differentiation beyond check size
“And I didn't frankly think there was much difference between Bessemer and Sequoia and Kleiner at the time, and General Atlantic and TCV, other than some people wrote bigger checks and smaller checks.”
Sullivan: Yale was an early backer of Sequoia, Kleiner Perkins, and Mayfield
“Yale was already an investor with some of the preeminent firms in Silicon Valley and Boston. Sequoia, Kleiner, Perkins, Mayfield, people like that.”
Hillman Company anchored Kleiner Perkins Fund 1 and KKR Fund 1
“The 19 seventies venture finally began to take form, and Henry Hillman and my father were anchor investors in Kleiner Perkins Fund One, and a few years later in KKR Fund One.”
Sequoia and Kleiner Perkins pioneered hands-on venture investing in the 1970s
“And these two companies, Sequoia and Kleiner Perkins, improvised two things in the 19 seventies. The first was this hands-on approach. Arthur Rock had been a financier by background. He had been important in things like devising equity stock options and devisi…”