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 13 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
Curry: Build Group backed Casetext when consensus viewed legal tech as dead
“One of our bigger successes, we had a company called Case Text which was in the legal space, which, you know, when I invested in that five years ago, I remember everyone saying, What are you doing? Legal tech's kind of a dead hole. And this was even different …”
Curry: Build Group rejects VC power law for concentrated portfolio support
“As I tell founders, I go, my portfolio is concentrated enough. I don't want zero. I need something that works. And I actually care and I want this thing to be successful.”
Curry: Co-CEO leadership models rarely succeed
“I do not believe in co-CEOs. I think that is a really difficult thing to make work. I think in the end, you really need to have one person in charge.”
Curry: Traditional investors optimize entry and exit, not operations in between
“I think investors are really good at optimizing the entry and the terms and the exit, but not necessarily great in between.”
Curry: Operating plans and budgets must derive from a concise written strategy
“The number one thing that I think we do, right, that, that really helps companies is we help them define their strategy every year. And I tell them, don't have to do a lot of work on this. It can be a one to five page document, but write your strategy down. Yo…”
Curry: Interconnected industries generate more valuable data for software applications
“I do think that the more players you see in an industry, the more those players have to work together, the more you're going to tend to find data. Because when you have partners, you're sharing data which means you probably have applications that are generatin…”
Curry: Every company Build Group backs has major GTM issues requiring adjustment
“That's not a hundred percent true, but you know, I would tell people every single company I've invested in has had some major go to market issue that needed adjusting.”
Curry: Build Group Will Not Invest in Companies with Busted Products
“But what is really hard to fix is product. And what I won't do is get in a situation where a product is busted.”
Curry: Having a 20-year vision maximizes exit value even for short-term sales
“My big belief is that whether you're intending to sell in two years or 20, you're best served by having a long-term plan and strategy because that, even if you don't deliver on it, having the vision for it will help to create an excellent outcome for you if yo…”
Curry: Losing outside capital once ends an investor's career
“One lesson you learned in this industry is you can lose your own money as many times, as much time as you want. You can lose other people's money one time and you're done.”
Curry: Build Group uses AI to identify bottlenecks in its internal diligence process
“We, we're doing it ourselves. I, we, like every other firm, we're figuring out how to use AI to really work top of the funnel, ingest, extract data move the analysis, but I'm also using it to analyze our investment process. Where are we having gaps? Where is i…”