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 8 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
PayPal Burned Over $10M Monthly With Seven Months Runway in 2000
“We raised this hundred million dollar round that I referenced in March, and then by June, we had seven months of runway left. We were burning over ten million a month, and Mike Maritz actually was the one who really rang the alarm bells for us and got us to fo…”
PayPal and Square surpassed Bank of America and Goldman Sachs in 2020
“Last year, you probably know this, but you know, you've heard some of these stats, like PayPal became more valuable than Bank of America and Square became more valuable than Goldman.”
Hower: PayPal went through three CEOs and burned $10M+ monthly in 2000
“During my first year working there in 2000, you know, we had essentially three different CEOs over the course of that year. You know, at our worst point, we were burning, you know, more than ten million dollars a month.”
Major tech companies scaled without traditional sales or marketing
“There's a bunch of companies like PayPal, Airbnb, Facebook, Hotmail, Twitter, LinkedIn, Dropbox, WhatsApp, Quora, Reddit. A bunch of companies who've gotten really big, really fast, without doing any traditional sales or marketing.”
O'Driscoll: Stripe and PayPal Each Process $1.8 Trillion Annually
“They both process kind of 1.8 trillion dollars a year, right?”
Alibaba Pitch Framed Company as eBay, Amazon, and PayPal of China
“The story was positioned very simply that, hey, it's the China consumer play, and they are the eBay plus Amazon plus PayPal of China.”