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 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
Hockey: DOJ blocking Visa's acquisition of Plaid was unfair and incorrect
“Is I don't think it was fair. I don't think it was correct, but it doesn't, my opinion doesn't matter is, you know, the government is a decision maker at the end of the day.”
Perret: Walking away from the Visa acquisition was a 99-1 decision
“And ended up making what I think was a 51 49 call to say, like, it's the right answer to sell the business. For a variety of reasons at the time. A year later, we had that same meeting, same group of people sitting in my living room, having the same, same styl…”
Armstrong: Frictionless crypto payments will exceed Visa volume by 10x
“I actually think if payments become as low friction as I think they will in the future, you know, you could be doing dozens of payments as you walk down the street, or your phone as you're browsing websites, or like, we'll actually see an order of magnitude in…”
Armstrong: Digital currencies will reach Visa-level transaction throughput
“I think there's nothing preventing digital currency from getting to Visa level. If today Ethereum can do somewhere between 10 and 25 transactions a second, that's really only two or three orders of magnitude away from Visa scale.”
Orloff: LendUp built the only direct Visa and MasterCard mobile integration
“We rebuilt the entire experience for credit card, and we're the only direct connection to Visa and MasterCard directly to your mobile phone.”
Rampell: a16z orchestrated the initial meeting between Plaid and Visa's CEOs
“We hosted a dinner for the CEO of Visa, and I sat Zach at Plaid right next to Alec Kelly at Visa.”
Glyman: Ramp launched with Visa in 55 days using Marqeta
“Within 45 days, we were able to be live with our partner bank, within 55 with Visa, within 65 internally, we were able to go and start Doing internal transactions.”
Universal checkout must be built by an independent third party
“The problem that we've had over the last 10 years is that everyone's been building their own authentication and their own payment forms and their own registration forms, and they're doing it first party, which is a terrible experience for consumers, right? Rep…”
Rampell: TrialPay Laid Off 70% of Staff Before Visa Sale
“I think we had to lay off 70% of the company, and then we eventually turned it around and sold it to Visa”
Perret: Plaid maximized employee secondary sales after the Visa deal collapsed
“When we did the sale to Visa that ultimately didn't go through, we raised a funding round afterwards. One of the most complex things to do in that funding round was I wanted to try to max the number of people that could participate in the secondary. We couldn'…”
Hulme: Currencycloud sold to Visa for $1 billion
“We invested in CurrencyCloud. Mike Lavin, the founder, I think had 30 years experience in fintech. He was so well placed to understand actually what those buyers wanted and ultimately sold the business to Visa for a billion dollars.”
NewView Capital's $1.35B debut fund yielded three major exits within two years
“Launched in 2018 with their 1.35 billion dollar debut fund, They've already set themselves as leaders in the world of growth funding, with three massive exits in less than two years, in the form of, check this out, Plaid sold to Visa for 5.3 billion dollars, A…”