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 11 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
Dixon: Top-performing VC firms have higher loss rates than lesser firms
“There's a lot of data in the VC industry that actually, interestingly enough, the best firms actually have a higher loss rate, meaning they lose money more frequently than the less.”
Dixon: Virtual reality will be the next computing wave after mobile
“I think it will be, like, when we look back on the history of computing, it will be, the key milestones will be, I mean, I'm, this is, I'm at the extreme end of excitement here, but there'll be, you know, the PC, the Macintosh, or something like this, then the…”
Dixon: By 2025 remote conversations will probably occur in VR
“I think, you know, in 10 years, we'd be probably having this conversation in virtual reality, and we'd be, you know, looking at each other across the room, and it would feel like we're in the same room.”
Dixon: a16z employs over 100 non-investor operational staff
“We have over a hundred employees who are not investors at our firm, whose sole job it is to help companies do things like recruit employees you know build their, you know, their customers base.”
Dixon: Traditional public mutual funds are driving late-stage private venture rounds
“It's actually what you, what is happening is firms that are, that historically had been public investors. So for example, Fidelity T. Rowe Price, like a whole Wellington, all of these kind of well-known public market investors. Have now moved to invest in priv…”
Dixon: Modern VCs do not take control or hold rights to fire founders
“That, that's not something that we do. We really just don't even take control for the most part. Most of us do now. We don't, we couldn't fire the founders if we wanted to. Not that we do want to, but we couldn't.”
Dixon: Using data science to predict startup success yields poor results
“People have tried many, many times to use data science and other things to try to quantify these kinds of questions you're asking and the results have been pretty, pretty poor. It's very, it's been very hard to predict these things.”
Dixon: VC invests only $10B–$20B yearly, smaller than big tech R&D budgets
“This industry is actually, you know, it gets a lot of attention in the press venture capital, but it's actually a very small industry. So, you know, they're probably, there are a few dozen kind of firms that most people, you know, that, that, that constitute t…”
Dixon: Newer venture firms will increasingly adopt a16z-style operating models
“I think you will see more and more of our kind of style. I think it will probably come from newer firms.”