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 12 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

Assertion Supported
Mercor hit a nine-figure run rate and quadrupled post-Scale deal
“We were already at a nine-figure revenue run rate, and the company quadrupled since the scale acquisition.”
Brendan Foody Sep 15, 2025 ▶ 0:10 Mercor CEO & Co-Founder, Brendan Foody: How They Grew from $1M to $500M in 17 Months · 20VC with Harry Stebbings
Assertion Supported
Mercor pays $95 per hour compared to $30 at Scale and Surge
“Our average marketplace pay rate is 95 dollars an hour to put that in frame of reference, scale and search generally pay about 30 dollars an hour.”
Brendan Foody Sep 15, 2025 ▶ 0:27 Mercor CEO & Co-Founder, Brendan Foody: How They Grew from $1M to $500M in 17 Months · 20VC with Harry Stebbings
Assertion Supported
O'Driscoll: Meta took 49% non-voting Scale AI stake for $14 billion
“Facebook slash Meta announced a fascinating transaction whereby they, that definitely is a bit of a head scratcher, whereby they invested fourteen billion into scale AI, took 49% non-voting control, allowed the other investors to literally take that money back…”
Rory O'Driscoll Jun 19, 2025 ▶ 4:06 Chime IPO: Are IPOs Hotter Than Ever? · 20VC with Harry Stebbings
Assertion Partly supported
Index Ventures Is the Largest Shareholder in Figma, Dream Games, and Wiz
“Largest shareholder in Figma, largest shareholder in Dream Games, largest shareholder in Wiz you know, second largest shareholder in Scale.ai, Revolut.”
Miles Dieffenbach Aug 4, 2025 ▶ 42:45 Miles Dieffenbach: Inside Carnegie Mellon’s $4BN Endowment & The Math Behind DPI, TVPI, Illiquidity · 20VC with Harry Stebbings
Assertion Supported
O'Driscoll: Accel likely generated a $2 billion gain on Scale AI
“If Alexander Wang's highest and best use is as a senior employee at Meta, then isn't it wonderful that the free market system was able to pay everyone else, fifteen billion dollars, all power to excel who probably booked a two billion dollar gain here.”
Rory O'Driscoll Jun 26, 2025 ▶ 14:57 Navan Files to Go Public and Canva Pulls the Brakes: Why and What Happens? · 20VC with Harry Stebbings
Assertion Partly supported
Lemkin: Scale AI returned $15B to its venture capital investors
“At least Alexander from Scale gave his VCs back fifteen billion.”
Jason Lemkin Jun 26, 2025 ▶ 14:17 Navan Files to Go Public and Canva Pulls the Brakes: Why and What Happens? · 20VC with Harry Stebbings
Assertion Partly supported
Stebbings: Scale AI Will Reach $2 Billion in Revenue by Late 2025
“Just raised it at twenty-five billion dollars. It ends this year at two billion dollars.”
Harry Stebbings Apr 11, 2025 ▶ 6:21 20Product: How Scale AI and Harvey Build Product | Why PMs Are Wrong: They are not the CEOs of the Product | How to do Pre and Post Mortems Effectively and How to Nail PRDs | The Future of Product Management in a World of AI with Aatish Nayak
Prediction Held up
Alex Wang: Scale AI Will Build Full ML Infrastructure Suite Over 5 Years
“And so I think as we look at the next five years, we want to build out all of the pieces of infrastructure, all of the tools, all of the platforms that would allow more and more organizations to be successful, effective, and productive with machine learning so…”
Alex Wang Sep 6, 2019 ▶ 27:40 20VC: Scale Founder Alex Wang on How To Hire Incredible Talent Before You Are A Hot Company, Why Beating Competition Is Not As Clear Cut As Investors Believe & Why AI Is Under-Hyped Today In Terms of Total Impact
Assertion Supported
Stebbings: Accel made $2.5 billion and Paige Craig 1,000x on Scale
“Excel made 2.5 billion dollars. Well done, Daniel Levine. Amazing seed bet early. Paige Craig led a pre-seed, a thousand extra turn.”
Harry Stebbings Jun 19, 2025 ▶ 22:45 Chime IPO: Are IPOs Hotter Than Ever? · 20VC with Harry Stebbings
Assertion Supported
O'Driscoll: Scale AI reached $800M to $900M revenue before Meta deal
“It's an amazing business. It grew to eight, nine hundred million dollars.”
Rory O'Driscoll Jun 19, 2025 ▶ 3:08 Chime IPO: Are IPOs Hotter Than Ever? · 20VC with Harry Stebbings
Assertion Supported
Nayak: Scale AI Partnered With OpenAI on Early GPT-2 RLHF
“Scale partnered with open AI very, very early on before chat GPT came out. This was like very early on RLHF when they were trying to tune models to summarize better based off of Reddit passages. And this is on GPT two.”
Aatish Nayak Apr 11, 2025 ▶ 8:22 20Product: How Scale AI and Harvey Build Product | Why PMs Are Wrong: They are not the CEOs of the Product | How to do Pre and Post Mortems Effectively and How to Nail PRDs | The Future of Product Management in a World of AI with Aatish Nayak
Assertion Supported
Scale AI Achieves $1 Billion Valuation After $100M Series C
“With their recently announced a hundred million dollar series C, their valuation surpassed the one billion dollar mark, making their 22 year old founder one of the youngest to do so.”
Harry Stebbings Sep 6, 2019 ▶ 0:10 20VC: Scale Founder Alex Wang on How To Hire Incredible Talent Before You Are A Hot Company, Why Beating Competition Is Not As Clear Cut As Investors Believe & Why AI Is Under-Hyped Today In Terms of Total Impact
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