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
Kra: Greg Becker told investors only a run could bring SVB down
“And then Greg said something peculiar on the call. He said, we're solvent. We're in great shape. And the only thing that can bring us down is if all of you tell all of your companies to start pulling out share money.”
Kra: Climate tech venture market still has a lot more shakeout ahead
“I'm not sure I do. I think there's a lot more to shake out of the system.”
Kra: Climate tech is not immune to interest rate hikes and dry exit markets
“If rates go up and IPO markets dry up and M&A goes away, we all suffer from that just like everybody else does.”
Kra: Prelude urged portfolio companies to extend cash runway into 2025
“I wanted my companies, if they were looking like they might be cash out in June of 24, June of this year, I wanted them to get to Q one or Q two of 2025, because I thought that's when we would be maybe in some sort of more normal environment.”
Kra: Prelude passed on startups lacking future capital plans
“There are companies that we liked many aspects of, but we didn't, declined to do a new investment into them, meaning a first investment into them, because we didn't feel necessarily that the team had an understanding of where their next dollars were going to c…”
Kra: Prelude called capital to fund emergency bridge loans for portfolio payroll
“So we figured out that we could call Capital into our fund, we could get it out to our, ah, companies at a low cost to them way, ah, and then we spent the rest of the weekend Working with the companies and with our council and with our CFO to get the legal str…”