The Ledger

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why aren't all 8 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

Assertion Not checkable as stated
Kohli says AngelList venture fund capital flows nearly doubled in Q1 2025
“Within our data, we're actually seeing capital flows increase Q one, 20, 41, 25 by almost a double. And into just venture funds. And like we talked about SPBs and all of that, but like just venture funds alone, capital flows are almost, have almost doubled.”
Avlok Kohli Apr 9, 2025 ▶ 11:11 Why LPs Are Using STABLECOINS to INVEST in Startups | Avlok Kohli on TBPN April 4th
Opinion
Kohli predicts AI will not replace the fundamental role of human GPs
“So I don't think that's ever going to come from an AI, at least today, at least in the form that we know of it today. So as we think about the role of the GP, we think it's going to continue to stay the same.”
Avlok Kohli Apr 9, 2025 ▶ 14:26 Why LPs Are Using STABLECOINS to INVEST in Startups | Avlok Kohli on TBPN April 4th
Disclosure
Kohli says international LPs drive AngelList's massive demand for stablecoin transfers
“So what's interesting about stable coins on AngelList is when the biggest use actually comes from the biggest pain from when LPs fund, and the biggest pain is when you're trying to move money internationally. And so we actually see a huge amount of demand from…”
Avlok Kohli Apr 9, 2025 ▶ 17:58 Why LPs Are Using STABLECOINS to INVEST in Startups | Avlok Kohli on TBPN April 4th
Disclosure
Kohli reveals AngelList beta AI agent analyzing proprietary private market data
“We launched a front-facing product called, it's our intelligence product. And it's in beta. It's still new. So we're not ready to like fully talk about it with the world, but What we're doing there is we're actually creating a an agent to go look at all privat…”
Avlok Kohli Apr 9, 2025 ▶ 7:31 Why LPs Are Using STABLECOINS to INVEST in Startups | Avlok Kohli on TBPN April 4th
Insight
Kohli notes crossover and private equity firms have largely abandoned venture deals
“And we're not seeing as much of, you know, cause what happened in 2021, 22 was you had crossover firms really come in, right? Private equity firms, public firms come in to venture. We don't see that anymore. I think we, at least we're not seeing too much of it…”
Avlok Kohli Apr 9, 2025 ▶ 12:00 Why LPs Are Using STABLECOINS to INVEST in Startups | Avlok Kohli on TBPN April 4th
Assertion Partly supported
Kohli observes early-stage valuations rising while late-stage valuations decrease
“At the later stages, at the earlier stages, it's increasing. So pre-seed, seed, series A, there's just a huge amount of capital looking to get in.”
Avlok Kohli Apr 9, 2025 ▶ 14:46 Why LPs Are Using STABLECOINS to INVEST in Startups | Avlok Kohli on TBPN April 4th
Prediction Not checkable as stated
Kohli predicts AI leverage will make venture power law even more concentrated
“So really there's going to be more leverage to the best investors. So I shouldn't, the power law is going to get even more concentrated.”
Avlok Kohli Apr 9, 2025 ▶ 15:36 Why LPs Are Using STABLECOINS to INVEST in Startups | Avlok Kohli on TBPN April 4th
Assertion Not checkable as stated
Kohli notes the defense tech investing bubble shows no signs of popping
“But I haven't seen that particular bubble sort of like wind down yet. We're still seeing some pretty active, heavy, heavy investing there.”
Avlok Kohli Apr 9, 2025 ▶ 20:06 Why LPs Are Using STABLECOINS to INVEST in Startups | Avlok Kohli on TBPN April 4th
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