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
Wolf: Operators make poor investors because they rush to solve problems
“It's one of the reasons I think sometimes like true entrepreneurs, operators are not always It's good investors because the secret to operating and being an entrepreneur is you just run at the problem. The secret to investing is sometimes you take a step back …”
Wolf: Founder secondary liquidity encourages bolder business risk-taking
“What people have found is that selling even a small stake in your business sometimes allows you to sleep at night so that you don't have to worry about losing at all. And that often causes people to take swings that they wouldn't have taken just on their own.”
Wolf: Founders must underwrite investment partners individually, not firm brand names
“If you're going to bring an investment partner, you really need to underwrite that person as a person, not as a brand's name or a, you know, splashy story. You need to underwrite that person. Do they have a history of bankrupting businesses because of a lot of…”