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
Direct listings will not happen during market downturns without first-day pops
“Well, not in the current capital environment, and that's because public company shares are trading at such a steep discount, that the only way you're going to get a company public is if you essentially promise to the institutions who are going to buy the IPO, …”
Reed Hastings originally intended to only fund Netflix as its chairman
“Well, his original vision was to be retired and to fund the company and be its chairman. And the performance kind of got sideways and he came in off the sidelines. And replace Mark Randolph as a CEO.”
Catalog titles drove 70% of Netflix DVD rentals versus 10% for Blockbuster
“90% of what Blockbuster rents is new release. 30% of what Netflix rents Disney release and 70% is catalog.”
Peloton is currently on track to reach cash flow breakeven
“I think we're on track to get the business to cashflow breakeven, which enables us to control our own destiny”
Netflix doubled annually for five years after switching to a subscription model
“And then eventually we found product market fit as a subscription model, as it turned out, not as an a la carte business. And once we stumbled into the subscription model, the business literally started doubling each year. And for gosh, five or six years, it j…”
Direct listings open trading using the exact same mechanism as traditional IPOs
“I think the thing that most people don't understand Even very experienced bankers , I have to point out, the stock opens in a direct listing exactly the same way it opens in a traditional IPO, which is exactly the way it opens for already traded public compani…”
Jay Hoag funded Netflix post-dot-com bust when capital markets completely froze
“I remember when Netflix was actually going down after After the dot-com bust, we were running out of money, even though we were going, we're doubling every year, but the world is in meltdown. You couldn't get capital from anybody. And he stepped up in a moment…”
Pure Software's IPO was the second most successful ever at the time
“Now he had been very successful building company called pure software, which ended up selling and been taken public by Morgan Stanley. And I think was maybe the second most successful IPO of all time. If I'm recalling correctly, a little bit out of my depth th…”