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 22 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
Mercor spends more on AI agent tokens than employee headcount
“Right now, we're spending more on tokens for our internal agents than we are on employee headcount.”
Mercor Attacker Used Swarm of AI Coding Agents to Breach Systems
“Because in our incident, it was the attacker that used a swarm of coding agents to help get access to the system as is happening in a lot of these.”
Meta Paused Mercor Relationship After Hack While Other Labs Expanded
“I mean, I think that Meta you know, like, currently the relationship is still paused. Every other one of the Frontier Labs has grown their relationship with us since and the company has been crushing it but they're the only one that is paused, which is public.”
Foody Rejects $30B Sale Despite Receiving Significant Acquisition Interest
“No, I wouldn't. I mean, ultimately we've gotten a lot of acquisition interest and we could walk away with, like I could walk away with billions of dollars in cash.”
Foody discloses Mercor holds over $500M in cash and is highly profitable
“And so we view having over five hundred million in cash and a super profitable business as a significant asset and allowing us to be prepared for when there is a market correction to make sure that we consolidate market share.”
Mercor's customer concentration breakdown is similar to Nvidia's
“Our largest customer, I can't share the exact percentage, but the breakdown is relatively similar to Nvidia.”
Foody: Mercor is paying out over $3 million daily
“Now we're paying out over three million dollars a day and the fastest job category ever created in history.”
Mercor Burned Only $500K Post-Seed and Holds More Cash Than Raised
“The, we burnt a half a million dollars after our seed round. And then from there, we've pretty much been profitable ever since. We have more cash than we've ever raised.”
Mercor AI Agent Autonomously Managed an Entire Data Annotation Project
“Now we have an AI project manager that just completed its first project managing that entire thing end to end, where it's able to hire the experts. It's able to answer their questions. It's able to build the annotation tool using its coding tools within our pl…”
Mercor works with all top frontier AI research labs
“We work with All of the top research labs at the frontier of model capabilities, and we're not like the crowdsourcing companies in that we try to hide all the people on the platform, pay them low rates, et cetera.”
Benchmark offered Mercor a $250M valuation at a $2M run rate
“When we met Victor, we were at. 1.5 million dollars in revenue run rate. He gave us the term sheet and we were at a little over two million dollars in revenue run rate. So over a hundred X multiple on revenue.”
Mercor raised its Series B at a 100x revenue multiple
“When Felicis gave us the term sheet, we were at twenty million in revenue run rate. So it's a hundred X multiple on the revenue”
Mercor is highly profitable and does not need additional external financing
“And so now we're 25 times larger in revenue scale than we were at the Series B but in a spot where the business is so profitable that we don't really need to go out for financing or spend too much time thinking about financing while we often get a lot of offer…”
Jack Dorsey invested in Mercor and advised keeping the company private
“Like I remember when I was talking with Jack Dorsey before he invested, one piece of advice he gave me was that we should stay private as long as possible.”
Mercor has positive growth in net margins unlike most AI startups
“Like, we have very positive growth in net margins, unlike most AI companies.”
Mercor commands a 50% to 60% market share in RL environment data
“There's the new data types that everyone's moving towards called RL environments where we'll call it, rough estimate is like, 50 to 60% of the market, and so doing quite well on that and expanding market share quickly.”
Foody: Unwritten human context is the key bottleneck to AI agent automation at Mercor
“When I try to get agents to do all of these workflows throughout Mercure, there's just an enormous amount of context that lives in people's heads that the agents need to have access to perform effectively.”
Foody: Mercor building benchmark to test AI cloning of SaaS apps
“We're building out an eval set that measures how effectively agents can build end-to-end SaaS applications, where twenty-twenty-five was the year of how do you get a model to make a PR and a code base, and twenty-twenty-six is the year of how do you get the mo…”
Mercor averaged 54% month-over-month revenue growth around its Series B
“We, we're growing over 50% month over month. Like we averaged 54% month over month growth for a while at that time period.”
Mercor Straps Cameras to Electricians and Scientists for AI Training Data
“We're doing a ton of data collection in the physical world as well, especially across skilled domains where you have electricians and mechanics and scientists strapping cameras to their head to record things.”