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
Lee: Series A valuations will reset to $20M-$40M pre-money
“Well, Series A's we're going to be back to eight to twelve million dollars, and Series A valuations will be back to 20 to 35, 40 pre. And B's will be back to a hundred pre, instead of four or 500 pre.”
Lee: Path to Profitability Conversations Only Start Post-Series B
“I think like once you're past post-series B, that's when you're having the conversation about at your board, with your board and then your investors about path to profitability, I would say.”
Lee: Seed founders pitch $6M rounds but quickly reduce asks to $3M
“Right now we're seeing a lot of seed extensions. We're seeing a lot of seed founders who are sending us decks that have a six million dollar seed raise in them. And I'll email the founder and be like, Hey, this looks really interesting. Are you still thinking …”
Western: Only 0.02% of VC-backed startups become unicorns
“There was some now famous research done by Cowboy Ventures into outstanding VC-backed startups, and they found that 0.02% of VC-backed startups become unicorns, and our own research suggests that only about 10% are ever on escape velocity trajectory or above t…”
Cowboy Ventures: 90% of Unicorn Startups Never Pivoted
“Cowboy Ventures also found, and I'm plagiarizing their stuff that once they were in the Unicorn Venture, 90% of those startups never pivoted, and a hundred percent of those startups were always above the Mendoza line, the escape velocity trajectory.”