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 7 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
Phillips: 11 Tribes underwrites deals to a 10x return multiple
“Well, it's just, we underwrite to 10.”
Phillips: Handle will grow with or without outside capital infusion
“I mean, the business strikes me as one that capital infusion is great, but it will, you've got something here, right? And it will grow with or without that capital infusion, and I think the hyperlocal nature of it, and not growing too fast, Is actually what's …”
Mark Phillips Offers $300K Investment in Natrion's Note Extension
“I would like to invest in this round, and we'd be looking to write a 300,000 dollar check.”
Phillips: Firm targets lead positions with roughly $1M check size
“Where we are today from a fund perspective is we're really trying to take lead positions. And if we were to come in and the check size we're writing right now is probably about a million bucks into an opportunity like this.”
Phillips: Passing on Natrion Due to OEM Safety Testing Risks
“I think from an investor perspective that creates a bit too much risk for us to want to participate in the seed round. So I think this is going to be an opportunity we'll have to pass on at this point because we're just not able to take the risk where it isn't…”
Phillips: 11 Tribes passes on Folio over valuation and enterprise traction
“I think two things that really make this problem not a fit for 11 Tribes, the round dynamics are challenging. I think being able to put a check in at that valuation that allows us to hit our ownership targets is going to be challenging, but excited to see and …”