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
Schroter: Distressed startup renegotiation requires a definitive stance, not open-ended talks
“By the time you're going to have that conversation, it needs to be definitive. Dude, I'm out. I'm out of money. I'm out of, like, hell, like my spouse is trying to, you know, is, is tired of dealing with my shit. I need to get out. Okay, now hear me out. Now, …”
Schroter: Distressed cap table restructuring must treat past capital as completely lost
“You have to start with right now, your option is zero. You can't be like, oh, I know we raised that fifty million, but like, you know, this one will only get you five. You'd be like, dude, you invested however much you invested. Sadly, it's gone. We're startin…”
Schroter: People Remember That A Founder Sold, Not If They Made Money
“No one will remember whether or not you made money on the sale, but everyone will remember that you sold.”
Schroter: Startups.com Achieved a 50x Return Acquiring Distressed Startups
“To put that in perspective, we've made a 50 X return on our investment by buying what other people would call failed startup, right?”
Schroter: Startups Drop to Zero Valuation the Minute Cashless Founders Quit
“Usually the founders are like, well, I just raised that a twenty million dollar valuation. And I'm like, yeah, and if you stop working there, the value is now zero. Like, it works there, there's no value. And most founders don't get that.”
Schroter: Startup acquisitions require equity upside to close discounted cash deals
“If you don't keep that variable component, what I call kind of the lottery ticket in the deal, it is very hard to negotiate a cash purchase.”
Schroter: Most startup acquisitions are not bought with upfront cash
“Most of these companies don't get bought with just a big check cash on the barrel head.”
Schroter: Acquiring One Million Startup Customers Failed to Deliver Cross-Selling Value
“I've acquired over a million startup in all the acquisitions that we did. Right. So a million customers on paper that should have yielded me Orders of magnitude of value, cross-selling products, et cetera, never happened, right? I mean, parts of it happened a …”
Schroter: Startups.com only does asset purchases, never acquiring operating entities
“We always do asset purchases. We never buy the actual operating company. There's never any upside in it.”