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 5 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
Accel India initially invested 70 lakh INR for 10 percent of Flipkart
“And we ended up getting like first investment was 70 lakh for 10%.
And then we put in another money.
And so we, then the deal was to put another two crore for 10%.
And then we had another option of getting five percent at additional investment, but by then Tig…”
Goyal: Tracxn hired CFO in first 10 employees and used Big Four for seven years
“So in our case, our CFO was among the first 10 employees to join. We had Big Four from last seven years.”
Goyal: Buyback clauses make pre-IPO startup net worth appear deeply negative
“All investors get a clause of buyback. And technically, from an auditor's perspective, if you have a buyback clause, the company's net worth is, like, a lot of negative crores. Because whatever is the net worth company is supposed to buy back, right? So whatev…”
Goyal: Tracxn risked redoing its entire six-to-nine-week approval process if delayed two weeks
“Our approvals were getting expired, were expiring on November. So if for whatever market condition, even if you lose another two weeks now, you have to just redo the entire thing, which is a very long draining six to nine weeks process.”