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 10 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
McGinnis: Top VCs only syndicate their lesser deals to outside angels
“And my view is if Kleiner is in this deal, I mean, I I'm honored to look at it. It's really nice, but they probably are showing it to me cause it's not one of their best ones. Because if it were that great, they'd take the whole thing themselves or they'd get,…”
McGinnis: Freelancing Offers Flexibility but Builds Zero Wealth
“Freelancing is great in terms of flexibility, but you build zero wealth.”
McGinnis: Angels investing in friends must insist on strict commercial terms
“Number two, you have to make sure that you, these may be your friends, but you cut a commercial deal and you know, there's no mates rates in these kinds of things. And that it helps to have outside investors when you do these things.”
McGinnis: Traditional book publishers pay authors around 10% royalties
“You get around 10% at a traditional publisher.”
McGinnis invested in Ipsy at zero customers before it reached 1M+
“I invested when I had no customers, last report, obviously confidential now, but was at over a 150,000 sorry, over a million customers.”
McGinnis: Ipsy is his top angel investment, followed by Bluesmart and Afiniti
“It is, although I have two that are that are close behind.”
McGinnis: Half of personal investment portfolio acquired via sweat equity
“So half my portfolio, I've just gotten sweat equity for those things.”