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 6 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
Taft: Pre-seed startups should sell vision instead of feigning hard traction
“We're selling sizzle at the pre-seed, right? And as soon as it's like stake, it's, you know, there's something to measure, then you can start to scrutinize the business, and if you start to insinuate that there's maybe more stake than there is, then we'll star…”
Ben Taft offers to invest $250,000 in Party Trick
“I'm in the same boat, and if Cyan would have us and our diligence checks out, then we'd love to sneak in a quarter million into that same round.”
Ben Taft predicts Party Trick could quickly reach $100M in ARR
“I mean, if that's at all real to any degree, we could see her going to 10 to a hundred million in ARR and, you know, a pretty finite amount of time.”
Taft: Venture capital optimizes for unrealistic moonshots over realistic outcomes
“Realistic is not the thing we're optimizing for. It's like the unrealistic things that Have some small probability of working, and you take that bet.”
Taft: Passing on Remynt until initial debt collection milestone is proven
“Where I stand and where we stand as a fund is it would go a long way for us if you were past that first milestone because that's the furthest you can get on your own to prove that this business will work. And now you're at the obstacle where you need the money…”