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 25 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

Opinion
DHH: At Least Half of Unicorn Startups Are Morally Deplorable
“Our advocacy has been, don't fucking chase being a unicorn. Being a unicorn is a shitty place to be for most people most of the time, and the kinds of companies that come out of that that are unicorns, half or more of them are totally morally deplorable, and y…”
David Heinemeier Hansson Apr 14, 2020 ▶ 28:26 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Prediction Partly held up
DHH: Remote Work Is Inevitable for Creative Computer Work
“Seems like an historic inevitability that remote work is going to take off and going to be the dominant force of How we work when we do creative work that can be done in front of a computer from anywhere.”
David Heinemeier Hansson Apr 14, 2020 ▶ 5:12 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Insight
DHH: Replicating Office Meetings Remotely Is a Terrible Approach
“People make the mistake of thinking remote work is just like the office, but from home. So they take all the same principles or approaches that they would do in an office, and they try to replicate those remotely. The number one perhaps being meetings. Lots of…”
David Heinemeier Hansson Apr 14, 2020 ▶ 5:57 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Prediction Held up
DHH: Basecamp Intentionally Avoids Expanding to Hundreds of Employees
“I don't think we could do the things that we could do if we were 300 people or a thousand people, which is actually one of the main reasons we try not to get to that, Right? Like, I don't want to work at a place that has 300 people or a thousand people that I …”
David Heinemeier Hansson Apr 14, 2020 ▶ 15:41 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Insight
DHH: Continuously Chasing Incremental Wealth Will Not Bring Happiness
“I will guarantee you that that path will continue to bind you in unhappiness, because there is no point where you suddenly wake up once you're on that treadmill and think, oh, that was it. That extra million, or that extra ten million, or that extra billion, t…”
David Heinemeier Hansson Apr 14, 2020 ▶ 34:59 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Assertion Supported
DHH: Zoom's Hidden Web Server Forced Apple to Issue Emergency Patch
“All the shit that they've done that's kind of on the sly, whether it was last year when they installed this uninstallable web server, just because they wanted to save a click, right? And then Apple all of a sudden had to release this emergency fix to remove th…”
David Heinemeier Hansson Apr 14, 2020 ▶ 45:00 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Insight
DHH: Meetings Are Only Useful for Four or Fewer People
“Meetings are great when you have two or three or four. That's probably the limit. If you get into five, it's already starting to be problematic. But let's just say four people who are very well informed about specific set of issues, and they're not on the same…”
David Heinemeier Hansson Apr 14, 2020 ▶ 7:58 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Insight
DHH: Information Delivery Should Be Asynchronous, Not in Meetings
“I think meetings suck for that purpose, and I think we're much better off when we use anything from email to Basecamp to other ways of asynchronous communication where someone can write something up, be considered In their thought, using full sentences, formin…”
David Heinemeier Hansson Apr 14, 2020 ▶ 8:46 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Assertion Not checkable as stated
DHH: Restricting Meetings to Debate Resolution Eliminates 80% of Them
“Yes, that filter will cut off at least 80% of all the meetings that most people have.”
David Heinemeier Hansson Apr 14, 2020 ▶ 9:15 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Assertion Not checkable as stated
DHH: Basecamp Employees Know Remote Peers Better Than In-Office Colleagues
“We've had several employees join Basecamp who said after they've been here for a while, they know their coworkers at Basecamp much better than they knew their coworkers at their past job where they were working together in an office.”
David Heinemeier Hansson Apr 14, 2020 ▶ 12:02 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Insight
DHH: Executive Micromanagement Stems From Managers Having Too Much Spare Time
“I think one of the key problems in a lot of companies is that executives simply have too much time, and they need to spend that time on something, and often that time is spent interfering with the people who actually do the work.”
David Heinemeier Hansson Apr 14, 2020 ▶ 19:35 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Insight
DHH: Accountability Is Meaningless Without Employee Autonomy Over Scope
“Accountability is only meaningful, in my opinion, when it's tied to an individual's own declaration of work. You can't have meaningful accountability if you're also telling them how much work to do and in which time to do it.”
David Heinemeier Hansson Apr 14, 2020 ▶ 22:27 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Opinion
DHH: Zoom's Mission Statement to 'Deliver Happiness' Is Vapid
“Before we hit record, we were talking briefly about Zoom, and I just fell over this yesterday, and I think the Zoom mission statement is deliver happiness or some bland shit like that, and you're like, this is exactly what I'm talking about. Any organization t…”
David Heinemeier Hansson Apr 14, 2020 ▶ 23:42 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Insight
DHH: Useful Mission Statements Must Weigh Trade-Offs Between Competing Priorities
“The mission statement, if it is to have any effect at all is a way of weighing trade-offs between two things that you want both, and then deciding which of the two you want more. If it's not providing that function, if it's not putting a hand on the scale in t…”
David Heinemeier Hansson Apr 14, 2020 ▶ 24:08 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Assertion Not checkable as stated
DHH: Starting a Software Company Without VC Is Easier Than Ever
“It's never been easier to start a new software company than it is today without raising money.”
David Heinemeier Hansson Apr 14, 2020 ▶ 26:42 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Insight
DHH: Money Beyond Baseline Needs Is Not Primary Source of Happiness
“The money is nice, and they buy a bunch of nice, fine things, but it is not the primary source of happiness for someone who's cleared a baseline bar.”
David Heinemeier Hansson Apr 14, 2020 ▶ 33:38 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Disclosure
DHH: Reaching an Average Life Expectancy of 86 Years Is Enough
“If I can make it to whatever the average life expectancy is for someone at my socioeconomic level, I think it's maybe 86 or something. If I can make it to 86, that's enough. I don't need any more. That, that's fine.”
David Heinemeier Hansson Apr 14, 2020 ▶ 39:31 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Opinion
DHH: Tech Founders Should Focus Less on Disruption and More on Fixing
“In, in sort of a more basic sense than changing the world, I think far too many tech entrepreneurs are obsessed with disruption. You know what? A little less disruption and a little more fixing.”
David Heinemeier Hansson Apr 14, 2020 ▶ 44:26 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Insight
DHH: Continuous Laser Focus Without Broad Perspective Is a Major Weakness
“A lot of times you don't need a fucking laser focus. You need a broad perspective. And if you can't change and switch between those two sort of at regular intervals, it's really a weakness.”
David Heinemeier Hansson Apr 14, 2020 ▶ 46:05 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Insight
DHH: Doubling Headcount Increases Coordination Overhead Exponentially
“The difference between an organization of five people and an organization of 10 people or one between 10 and 20, it's not twice as hard. It's far more than twice as hard, and the amount of coordination overhead that it requires when you double your headcount i…”
David Heinemeier Hansson Apr 14, 2020 ▶ 13:26 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Assertion Partly supported
DHH: Basecamp Strictly Enforces a 40-Hour Work Week
“We work 40 hour weeks, eight hours, five days a week, right?”
David Heinemeier Hansson Apr 14, 2020 ▶ 14:17 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Disclosure
DHH: Averages Three to Four Weekly Meetings Running Basecamp Asynchronously
“We have quite few regular meetings on any given week. I'd be surprised if I have more than three, maybe four. And in some weeks I have zero face-to-face or video to video conversations with people. The vast majority of the coordination work that we do, the exe…”
David Heinemeier Hansson Apr 14, 2020 ▶ 14:47 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Disclosure
DHH: Basecamp Was Profitable Enough to Pay Salaries Before Full-Time Transition
“By the time we moved full-time, there was zero risk, zero, because we were already making more than well enough money to pay our own salaries and have a fair margin.”
David Heinemeier Hansson Apr 14, 2020 ▶ 30:02 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Disclosure
DHH Reveals Basecamp Is Developing New Email Service Hey.com
“I enjoy writing Ruby code, and making Rails, and making Basecamp, and now we're making this new hey.com email service, and I'm excited about that”
David Heinemeier Hansson Apr 14, 2020 ▶ 47:13 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
Assertion Supported
DHH: Basecamp Operates on Six-Week Cycles Separated by Reflection Breaks
“There's a clock frequency, essentially, at Basecamp. And that clock frequency runs on six-week cycles. Every six weeks, we stop for a week or two and take stock of what we've done in the past six weeks and what we're going to do next.”
David Heinemeier Hansson Apr 14, 2020 ▶ 20:53 20VC: Basecamp Founder David Heinemeier Hansson on Why It Is The Biggest BS To Chase Being A Unicorn, His Relationship to Wealth and Status and Why Now More Than Ever It Is A Myth Entrepreneurs Have To Raise VC
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