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 14 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
O'Driscoll: Churn rates have not spiked for core SaaS systems of record
“The churn rates haven't gone up. So there's no evidence that their revenue is any less durable. And there's this whole narrative about how it'd be replaced by Vibe coding, but I think, Jason, your post was great on why that's bullshit. Churn hasn't spiked for …”
O'Driscoll: Dropbox lacks a significant enterprise customer base compared to incumbents
“Your right to win is predominantly in your existing customer base, and ServiceNow is a big one, and Salesforce has a big one, and brutally in the enterprise, Dropbox doesn't.”
Moore: AI model providers hit billions in run rate growing over 100%
“We're talking about billions of dollars of run rate growing in excess of a hundred percent year over year. I don't think we've ever seen that before, right? Like you talk about ServiceNow doing, you know, billions of dollars in ARR and growing, you know, 20, 3…”
Schneider: ServiceNow required new internal products to hit $100M in three years
“And so we actually launched four products at the same time in 2015, or 2016, I thought we were going to kill two of them, because for me to be viable, it had to be a hundred million in three years.”
Shah: 250 of Moveworks' 350 customers overlap with ServiceNow
“Just for the sake of numbers, it's 250 out of 350 customers that are ServiceNow customers, so quite a bit of overlap.”
Schneider hired 150 ServiceNow sales reps in 90 days to hit $100M
“I hired a 150 people in less than 90 days. And we did the hundred million dollars.”
Schneider: ServiceNow enterprise deals reach up to $50 million annually
“We're talking 10, 25, fifty million dollars a year, sometimes for these transformational efforts.”
Schneider: ServiceNow's $1B HR product line originated from a sales engineer's idea
“That's probably a billion dollar product now, inside of ServiceNow, because we just listen to customers.”
Element AI Failed and Was Acquired for Roughly Its Total Capital Raised
“There was a company called Element AI a few years ago in Canada, very ambitious company would try to do services like that. And they eventually failed. They were acquired by ServiceNow for, sort of, amounts are raised.”
Tunguz: Web2 cloud infrastructure and application layers both have $2.1T market cap
“So in web two, if you take the top three clouds and you look at their market cap, so AWS, GCP, and Azure, it's about a 2.1 trillion dollar market cap just for the cloud businesses. And then if you take the top 100 publicly traded cloud companies, both on B to …”
ServiceNow grew to $43B market cap by launching new products annually
“They went public in 2012, one hundred sixty million dollar in run rate. It was a single product company. Fast forward to today, they have five plus products. They committed to launching one to new products every year and new products are 30% of new business. A…”
ServiceNow Express priced at $10K-$15K vs $50K enterprise entry price
“We were selling it for 10 to 15,000 dollars versus 50,000 dollars at the entry price.”
ServiceNow had hundreds of customers using product off-label by 2015
“Turns out that by 2015, we had hundreds of customers using us in new ways.”
Tomasz Tunguz: Web2 cloud infra and top 100 apps share equal market caps
“So in web two, if you take the top three clouds and you look at their market cap, so AWS, GCP, and Azure, It's about a 2.1 trillion dollar market cap just for the cloud businesses. And then if you take the top 100 publicly traded cloud companies, both on B to …”