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
Tisch: Acqui-hires proved to be an inefficient use of equity
“And I think if you look at the next wave of startups, a dramatic decrease in M&A, because instead of buy, you built and the aqua hire didn't prove out to be the best use of equity. A lot of the decision of buy versus build became easier as you thought about wh…”
Tisch: Early-stage venture liquidity timelines have lengthened to 12-15 years
“Time for liquidity in early stage venture has gotten pushed significantly from where it was more predictable a decade or two decades ago. You could say seven to 10 years on an early stage fund and mean it. Today, I think you say seven to 10 years, and you're l…”
Tisch: Startups with plateaued products failing to integrate AI are late
“We're now like three years past that you're early to the game. And so if you haven't figured out how to take your stale product or your product that's maxed out and begin to re-energize it feels like you're a little late.”
Tisch: New early-stage funds inevitably shift later as fund sizes scale
“So if you think about new entrances as funds into the early stage market, most of the ambition is to become a bigger fund, and in doing so, you Become later by nature of scaling your business.”
Tisch: NYC tech thrives because nobody in the city cares about tech
“Whatever you do in New York, it's like an incredibly harsh environment. And in order to stand out and win in New York, you have to fight friction. No one cares. And that's, what's actually fascinating to me about tech in New York is like, if you went on a subw…”