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 4 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
Bean: Co-founders can be true partners without a 50/50 equity split
“And the advice I would give a non CEO co-founder is you have to understand where you sit for me. I always knew Blake was the quarterback and I was the running back to use a football reference, meaning we were partners and he, I don't think he could have done i…”
Bean: Underwriting skill minimizes loss rates rather than increasing revenue
“Underwriting just minimizes your losses. It doesn't actually add you. If you're really good at underwriting, it doesn't add revenue. It minimizes your loss rate.”
Bean: Secondaries Done Right Give Founders Motivation to Keep Building
“Secondaries done right, can give motivation which allows, you know, early founders and early employees to keep going as opposed to, you know, stop, right? Cause it's easy to say, oh, I've been grinding away for however many years and I just need something out …”
Bean: Companies need $200M to $300M in revenue to go public
“So if you're going to go public now SPACs do make it a little bit different, but I think you see a lot of companies that go public and we would look at it and say, Hey, you gotta be doing like two hundred million of revenue, you know, three hundred million of …”