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 9 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
Randall: Mega-fund leaders cannot realistically promise LPs a 5x net return
“I don't think Robbie or Hamant, or even Ben and Mark at this point, I don't think that they can go to LPs, one of those legs of the stool, and say, hey, this basket of funds that we're making you invest party pursue across, we're gonna get you five X net on th…”
Hays: Uber would be worth over $1T if Kalanick remained CEO
“His take, which I totally agree with is it's hard to, if Travis had stayed in the role, It's hard to imagine Uber being worth less than something like a trillion dollars today.”
Randall: Benchmark targets higher than 5x net returns for LPs
“This is one of the reasons why I'm extremely excited about benchmark competitive position in today's market, because we can go to LPs, we can say, hey, we're shooting for higher than five X net. We have the historical track record to back it up, and we have th…”
Hays: Benchmark is less likely to oust founders after Uber fallout
“I would argue like they are probably less likely to go against the founder given, given how this entire situation has played out.”
Coogan: Benchmark Still Holds Over 20% Ownership in Cerebras
“Benchmark is gonna be absolutely cleaning up. They still own over 20% of Cerebrus, apparently.”
Coogan: Benchmark's Uber stake would net every partner $1 billion
“Every partner at benchmark, it's an equal partnership. So every partner was going to make a clean one billion dollars. They were all going to be billionaires from this one deal.”
Coogan: Only two of Benchmark's 2017 partners remain today
“On that exact date, Benchmark's equal GP roster was Bill Gurley, Eric Vistria, Matt Kohler, Mitch Lasky, Peter Fenton, Sarah Tavel. Today, the partnership has changed dramatically. The only two that remain are Peter and Eric. And you have Chetan, Ev Randall, a…”
Hays: Benchmark's 2020 fund contains multiple 10x-plus winners
“If you look at their twenty-twenty fund, they have Mercore, they have Fireworks. What's the other one? They have a bunch of, like, multi-ten baggers at this point in that fund, so they're feeling pretty good about going to LPs and saying, look, we still got it…”