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 6 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
Feder: LPs overemphasize DPI in current venture capital discussions
“I think there's maybe an over Emphasis on DPI, and that is probably, you know, if this ever makes it on the air, it's, I'm probably gonna get all sorts of angry phone calls and emails and letters, but I just think that that's not the whole story, but it seems …”
Feder: Trying to be a fund picker is ineffective for endowments
“It's really not playing to our strengths to go out and meet everybody who's got a fund and try to be a picker. Being a picker is really, really hard.”
Feder: Outlier venture returns often hide in poor market categories
“And the outliers can be in really poor ponds. And if you're just fishing in that one pond that you think it's the most robust, it's really, you can actually have zero outliers.”
Feder: UMich endowment exclusively invests through its own network
“There's nothing in our portfolio that's gotten there without it coming through our own networks.”