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.

clear all ✕

why aren't all 113 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 5 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

Disclosure
Adams: Canva's initial enterprise offering was just a sales contact page
“And what we launched three years ago wasn't really an Enterprise product. It was just a way for someone to get in contact with a salesperson.”
Cameron Adams Jul 19, 2024 ▶ 10:57 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Canva rolls out new features through incremental percentage-based user cohorts
“We always roll out features as a percent, so if something is going out so we launched the Glow Up recently which is a total re, revitalization of Canva's interface. We start by rolling that out to one percent, then five percent, 10%, 20%? Hundred percent. That…”
Cameron Adams Jul 19, 2024 ▶ 25:49 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Assertion Supported
Adams: Canva has reached 190 million users
“Now that we're at the size of a hundred and ninety million people using Canva”
Cameron Adams Jul 19, 2024 ▶ 48:21 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Disclosure
Canva assigned one of its six early engineers to social features
“We had a very small engineering team. We had like six engineers. We dedicated one whole engineer for nine months to build this whole social experience. And it just didn't do very well.”
Cameron Adams Jul 19, 2024 ▶ 30:53 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Assertion Supported
Canva's Head of People Started as Co-Founder Cliff Obrecht's Executive Assistant
“Our, my EA is now our head of people.”
Cliff Obrecht Jan 27, 2023 ▶ 16:50 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Disclosure
Billionaire Canva co-founder Cliff Obrecht still flies economy class
“I still fly economy, unless I can get a points upgrade, because I can't, like, I'm like, you want 10 grand for, like, a five-hour trip? I'm like, I'll tough out that 10 grand, and I'll spend that 10 grand on something else.”
Cliff Obrecht Jan 27, 2023 ▶ 45:50 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Disclosure
Obrecht: Canva still uses generous equity grants to compensate advisors
“Even in the earliest days, we used to pay people with generous equity grants, and we still do to this day to get them on as an advisor.”
Cliff Obrecht Jan 27, 2023 ▶ 23:26 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Assertion Supported
Obrecht: Canva succeeded by consolidating a fragmented graphic design ecosystem
“So Canva was created because before Canva, the design ecosystem was incredibly fragmented. You had to go to a stock photo site to get your stock photos. You had to Go to Vistaprint to print your stuff. You had to use three different softwares to create your de…”
Cliff Obrecht Jan 27, 2023 ▶ 34:39 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Assertion Partly supported
Canva CMO Zach Kitschke Joined as a 19-Year-Old Contract Content Writer
“Zach, our CMO joined Canva as like Content writer, a contract content writer. He was like, 19 at the time. He's been with the company about 10 years now. He's now a CMO.”
Cliff Obrecht Jan 27, 2023 ▶ 16:55 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Insight
Canva scaled search traffic by templatizing features and creating a marketplace
“So what Canva did was they templatize their entire, like everything you can possibly do with a product to create a template for, then they actually created a marketplace. So now people can actually create their own templates. And you can buy them, which extend…”
Kieran Flanagan Aug 10, 2022 ▶ 1:01:10 Kieran Flanagan: Hiring Tips for Growth; North Star Metrics; Hubspot's Mistake | 20VC #916 · 20VC with Harry Stebbings
Opinion
Canva's phenomenal user growth mirrors Google Analytics' mass-market expansion playbook
“And that's what, you know, I think that's what Cliff and Melanie at Clamba have done. It's absolutely amazing. If you look at their user base, if you look at the forums, if you look at their incredible growth, Over the, even the past year has been nothing shor…”
Wesley Chan Jun 29, 2016 ▶ 20:57 20VC: Felicis' Wesley Chan on The Rise of IoT, Getting Recruited by Larry Page & Creating Google's Biggest Success Disaster
Assertion Supported
Google Maps co-founder Lars Rasmussen acted as Canva's initial technical hiring filter
“One of the first people that I met was Lars Rasmussen, who co-founded Google Maps, and he was extremely helpful because he would actually, he realized the technical complexity of the project that we were trying to build, and so acted as the filter on who could…”
Melanie Perkins Jun 10, 2016 ▶ 9:54 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Assertion Supported
Canva raised its first round pre-product by demoing Perkins' previous bootstrapped startup
“With Canva, we actually, we raised our first round of funding before we actually built a product, and so we used Fusion Books as the demo of like, hey, we can actually build things and market a company and grow, and so that was sort of our proof point that we …”
Melanie Perkins Jun 10, 2016 ▶ 9:38 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Assertion Not checkable as stated
Five venture capital firms flew to Sydney to pitch Canva for investment
“When we raised our most recent round, we had five firms fly here to Sydney, which was a lot of fun to see how the tables had finally turned after so much effort in the initial stages.”
Melanie Perkins Jun 10, 2016 ▶ 16:15 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Assertion Not checkable as stated
Canva received over 200,000 user emails containing product suggestions and bug reports
“We've had over 200,000 emails From our users. A lot of those are suggestions and ideas for how we can improve the product or have new features. Some of those are bugs, of course.”
Melanie Perkins Jun 10, 2016 ▶ 18:54 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Disclosure
Canva grew to over 100 employees across Sydney and Manila by 2016
“We now have over a hundred staff across our two offices here in Sydney and our other offices in Manila.”
Melanie Perkins Jun 10, 2016 ▶ 8:07 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Disclosure
Bill Tai conditioned his early Canva investment on Perkins finding technical co-founders
“I went to San Francisco and met up with Bill, and he said he'd be happy to invest if I could find a technical team”
Melanie Perkins Jun 10, 2016 ▶ 7:00 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
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