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 9 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
Procore paused financial product development for a year to re-architect
“So we had actually had to stop developing that product at a certain point and go back and re architect it. So it was enterprise grade. And we literally stopped new future development for a year, but we realized that if we weren't going to, if we weren't going …”
Procore doubled its revenue four consecutive times leading up to 2017
“You know, it really started within about a year where we would double, and then double again, and double again. And so it really did, I mean, around 2017, we were rolling.”
Courtemanche took out two mortgages and sold assets to fund payroll
“Myself and Steve's on my co-founder. We had to go without a paycheck, and I'll never forget, Harry, having to go home and tell my wife who by the way, at this point, we had sold everything that we had acquired in life. Like, I had, like, two mortgages on the h…”
Procore did not raise institutional venture capital until its 15th year
“We didn't really raise institutional money until like our 15th year.”
Procore co-founder Steve Zahn took a previous company public in 13 months
“Steve Zahn, my co-founder, he had a company who took public before Procore. I think from founding to IPO, it was like 13 months, right?”
Procore offered only one product until 2017
“Up until 2017 we only had one product. It was our project management tool, and it's still our flagship product.”
Procore took 13 years to reach $9.6 million in revenue
“Between 2002 and 2015, we'd grown revenue from zero dollars to 9.6 million dollars, right?”
Tooey Courtemanche: Construction sites lacked internet and mobile tech in 2002
“If you were to invest in Procore in two, the internet was not at the job site. There was no such thing as mobile technology at all.”
Procore lost its primary customer base during the 2008 financial crisis
“We were selling our software to mostly custom home builders prior to the great financial crisis. And of course, the very first part of the construction industry that fell apart was the custom home business market. So we basically, our customers all went out of…”