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
Gershenson: Enduring Planet's default rate is well under 1% across 80 deals
“Our default rate across, you know, nearly 80 transactions is dramatically below the average default rate for contract lending, and at this point it's like way less than one percent.”
Gershenson: Climate founders' persistence keeps Enduring Planet default rates low
“Part of what allows us to have the default rate that we do is that people just don't give up. And so when stuff goes wrong, we modify alone, and they make it work.”
Financial instruments do not kill startups; founders and boards do
“The notion that a financial instrument kills a company is false.
Founders kill companies, and boards kill companies.
The people who hold responsibility are the decision makers in the company.”
Founders failing to socialize debt deals with boards killed six approved loans
“We've also had circumstances where founders don't properly socialize the deal with their board, and so probably, like, half a dozen of deals in the last, I don't know, Year to year and a half. Failed. Even though we approved the deal, we signed a term sheet wi…”
Gershenson: Early funds cannot invest in software until scaling AUM
“In the early days, you know, you basically just have management fees to cover people, and the idea of, like, investing in software to make the process better is, you're not going to do that until you have much larger AUM, right?”
Enduring Planet expanded to commercial lending anticipating the Trump administration
“And then we also, kind of, in anticipation of the Trump administration, we expanded to lending its commercial contracts as well”
Gershenson: Raising under $20M in US climate debt remains difficult
“You know, you could go to a bank and raise fifty-plus million dollars, but getting anything less than 20 was, like, really, really hard. I mean, it's still really hard, but it was really hard back in twenty-twenty-one.”
Gershenson: Enduring Planet ignores signed term sheets until capital is deposited
“We don't take fundraising risk. Like, we just don't. So if a company is like, well, we're working on our seed round, we have interest, I'm like, yeah, great. Even if you have a signed term sheet, we don't care. Like, until the money is in the door, we don't co…”