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 7 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
Morgan: B Capital Has Paused New Investments in China Due to Geopolitics
“A little bit of presence left in China, Hong Kong and Beijing, but not doing new investing in China right now, geopolitics being what it is”
Morgan: Perplexity will be worth a couple hundred billion if successful
“I mean, we invested in perplexity at nine billion, which was kind of crazy in some ways. On the other hand, if it works, it's going to be worth a couple hundred billion.”
Morgan: BCG Holds No Equity in B Capital but Receives Carried Interest
“BCG does not own any of the firm. They don't make any of the investment decisions, but they do earn a piece of the carry interest in return for providing the various services they provide.”
Morgan: B Capital sells ~20% on secondaries when investments beat base cases
“We have a small team, actually, that looks at when it's appropriate to exit. We don't have any specific marker, but you know, it, first of all, it has to, if it's beating our base case, you know, where, where we thought it would be in that many years by a sign…”
Morgan: B Capital Uses an AI Algorithm to Quantitatively Rate Founding Teams
“So we have an AI algorithm to actually rate the founding teams. And it's based on their experience, their education you know, were they successful or not? How close to what they've studied? Are they working?”
Morgan: B Capital targets 5x for growth and 10x for early stage
“We have to see that there's a five X for us in the growth fund and a 10 X in the early stage fund.”
Morgan: B Capital Manages $8B Across $400M Early and $2.1B Growth Funds
“We have about eight billion dollars under management in total. Right now, investing out of two funds, mainly, the early stage fund called Ascent, and that funds about a four hundred million dollar fund, and the growth fund, which is about a two billion dollar,…”