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
Yeh: FOAK investors must be long-term greedy for nth-of-a-kind returns
“In order to do first of its kind, to be an investor that's an anchor or a catalytic investor, you have to be long-term greedy.
And I think that's understanding that the first of its kind project you're doing is not the only project you're doing.
You're doing…”
Yeh: 30x to 100x lab-to-utility scale-ups are rarely project bankable
“So they're trying to scale 30 X, a hundred X. That is very hard to be seen as bankable in the project finance and infrastructure markets.”
Yeh: Mainstream infrastructure investors wait until Project Three for $500M checks
“For many of these mainstream project financiers and infrastructure investors, they may not look at this stuff until it's project three. But then at Project Three, they can lean in, and these firms can write five hundred million dollar, billion dollar commitmen…”
Yeh: Top VCs yield 20% over 10 years, infrastructure mid-teens over 20
“I thought one of the smartest things I've heard about the difference between venture capital and private equity and infrastructure is that I think if you're a great venture capital firm,
You know, you're providing 20 plus percent returns for 10 years.
If you…”
Yeh: FOAK financing requires government partnerships and non-dilutive catalytic capital
“And I think, for me, one of the key things to understand about folk financing Is that you need to embrace government as a strategic partner and be able to look for new non-dilutive capital sources, including a lot of this catalytic capital there, like, you kno…”
Yeh: Climate hardware startups must begin FOAK project planning at Series A
“I think the first thing you need to start thinking about your FOC project at the Series A. These projects take years to get ready and then take years to build and finance. So you want to start this early. This needs to be part of your business plan. It needs t…”
Yeh: Hardware startups must hire dedicated in-house project finance talent
“I think the second thing is that you need to actually get project finance and project development DNA into your firm. Like, I think that old analogy that people talk about, you know, venture capital, it's like, what are the top three things you pick in a, for …”
Yeh: Founders must code-switch between VC disruption and project finance bankability
“One of the things that I'd like to add is an important part of the checklist for being Making your projects folk bankable is that a lot of these CFOs and CEOs of these new climate tech startups have to learn the language of infrastructure and product, project …”