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 19 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 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
Lessin: Chime is not an important or paradigm-shifting company
“Is Chime an important company? I just don't see it, right? Like, is it, you know, it's good company? Like, they provided some banking products to unbanked people or underbanked people. I get it. It's not bad. They did a good job. They built a good app. But lik…”
Lemkin: VCs should sell Revolut and Chime private shares immediately
“I would probably sell Revolut and Chime right now.”
O'Driscoll: Chime's valuation is capped at $11B by US bank efficiency
“Now it's at eleven billion dollars, despite the U.S. Being, you know, I don't know in the day, 10 X larger GDP country, it's, Chime is only an eleven billion dollar market cap company because, and I think that speaks to They were playing in a less profit-rich …”
Tenev: Revolut is more impressive than Chime due to product velocity
“I think I'm more impressed by Revolut. You know, Revolut's got product velocity, international scale strong founder, you know, impressive guy.”
Lemkin: Stripe, Figma, Chime, and Canva will IPO within 18 months
“Stripe, Figma Chime, the list of folks north of five hundred million, ok, Canva, three billion, that are gonna IPO in the next 18 months.”
Mohnot: Chime Is Significantly Overvalued at a $25 Billion Valuation
“While chime at twenty-five billion is probably very significantly overvalued.”
Tenev: Chime targets paycheck-to-paycheck customers who do not invest
“Chime we don't butt into very much either because they're targeting sort of paycheck to paycheck customers. Their customers aren't really investing.”
O'Driscoll: Chime's $1.7B revenue exceeds 80-90% of IPO-candidate unicorns
“This is still a 1.7 billion dollar revenue company. It'll probably be larger than, you know, 80% of the companies that are, you know, unicorns that have been maybe 90% of the companies that have been talked about for IPO.”
O'Driscoll: Chime will IPO around $10 billion, down 50% from peak
“I think if you end up plus or minus ten billion, you know, rough order of magnitude here, you are looking at a deal going public, you know, 50, 55% below the last round price.”
Stebbings: Revolut is more likely to win the US market than Chime
“I would actually place a lot bigger bet on Revolut taking the US than Chime.”
Blomfield: Chase Sapphire and Amex prevent neobanks from winning affluent US consumers
“It's just not been a successful mainstream neobank in the U.S. Chime is good, but it's targeting kind of gig economy workers, and then for the more affluent customers, Chase Sapphire and American Express just have the market sewn up.”
Lemkin: Menlo Ventures will 10x to 15x its investment in Chime
“They said they did the Series B, right? So they did the Series B at 203 hundred. Maybe we can figure it out on the fly. They're going to, this will be a nine. There'll be some dilution. They'll 10 or 15 X their money, right? That'll be a fun returner or more t…”
O'Driscoll: Chime will expand into offering loans and cross-sell products
“They're going to add, you know, loans, which they don't really do a lot of today and all the other cross sell stuff that every financial services company does at scale.”
Harry Stebbings: Chime is worth roughly a quarter of Revolut
“Chime, you know, is probably a quarter of the enterprise value of Revolut now.”
Lerner: Chime is fundamentally a consumer product company, not fintech
“Chime is actually much more of a consumer product company than it is a fintech at the end of the day.”
Shah: Crosslink acquired over 20% of Chime through a modest early investment
“Look at Crosslink. I mean, no one really talks about Crosslink. I don't even know if you've had an investor from Crosslink on, on 20 Minute VC, but they ended up owning like over 20% of Chime you know, through, like, a pretty modest deal because no one was loo…”