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 27 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 5 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
Curative Is Cutting 80% Of Its Enterprise SaaS Spend This Year
“We're cutting about 80% of our SaaS spend this year.”
Corporate Anthropic Spend Will Reach 2x To 5x Engineer Salaries
“Between maybe two and five X would be the two and five X salary.”
Curative Headcount Will Shrink In Short Term Due To AI
“We're about 650 people now. In five years we'll probably be bigger. In the short term I think we're going to be quite a bit smaller.”
Strategic Investor Pulling Series B Term Sheet Caused Shield's Collapse
“Ended up getting a term sheet from a strategic, large public diagnostic company. Signed the term sheet, did three weeks of work on docs. We were in the second round of docs, and then their CEO killed it because it was too competitive with their core products. …”
Fred Turner Sold CLIA License For $150K, Re-Bought Same For $27M
“And then in December of 2019, as part of the wind down, I sold that license to a company in San Diego for 150,000 dollars to pay some of the creditors. And then five months later, acquired a company in Southern California to get the same license for twenty sev…”
Hospital-Affiliated Primary Care Doctors Get Double Independent Doctor Reimbursement
“If we look at how much we pay a primary care doctor who's independent compared to a primary care doctor affiliated with a system, they get paid an average double.”
Curative Built An In-House Claims Platform And Will Abandon Legacy Software
“We've built our own claim system Completely from scratch, in-house. It's now, we've migrated most of the workflows off. We'll be fully off in July.”
Big Insurers Will Take 10 Years To Adopt AI Due To Inertia
“I think some of the biggest insurers will struggle. They will not be able to keep up from a margin standpoint with where we can get to with agents. I think some of them do have Technical expertise. It's more operational and kind of people ops. If you've built …”
Fred Turner: Curative Engineers No Longer Write Or Read Raw Code
“They're not writing any code anymore. They're not even reading the code anymore.”
AI Labs Will Not Compete In Regulated Complex Industries
“I think things that have some, like, regulation around them, and are, like, complex industries, yes, they're gonna see the advantages of the models, but they're not gonna see competition from Anthropik or OpenAI.”
Curative Returned 10x Capital To Early Investors Via Post-COVID Dividend
“No, we haven't sold any secondaries. We did there was a dividend at the end of COVID. We paid out some all the investors got 10 X their money back before we started the health insurance company, and then they still have their shares today.”
Current AI Models Can Perform Every Back-Office Task At Curative
“I think today, the current gen models can do every back office task we have at Curative.”
Software Headcount Will Stay Flat As Companies Scale AI Agents
“I think that that's what the workflows will be, is people are going to be deploying more agents than engineers, and they're going to keep the same number of engineers. We're just going to build a lot more.”
a16z Seeded Fred Turner's Startup With $1.65M Without A TAM Calculation
“Their bio fund did our seed round right out of YC, and I don't think they did the TAM calculation. They were like, oh, this sounds interesting, and then they did the round. It was a small round, it was like, 1.65 million.”
Curative Won A Multi-Hundred-Million-Dollar Florida Contract For Nursing Home Testing
“Probably one of the Florida contracts was maybe the largest, so we did a contract with the state of Florida for all of their nursing home testing. I forget what the dollar figure was, but it was, you know, in the hundreds of millions of dollars. They put it ou…”
Curative Was The Largest U.S. COVID Testing Provider Outside Quest And LabCorp
“We were, yeah, we were the largest, like, non-LabCorp and Quest testing company.”
Curative Reduced Physician Credentialing Time To 12 Hours Using Claude
“And that used to take us two to three months on average, and cost about 50 dollars. We have now built in-house an agent that runs on, on Claude, that does this end-to-end, and it goes to the website, it verifies the license, it goes and reads the transcripts, …”
Curative's AI Agent Executed 3,500 Contracts In Eight Weeks
“So this has taken us from doing About a hundred contracts a week to about a hundred contracts a day. Last year, as an entire team, we did 2300 contracts. So far in about the last eight weeks, the agent alone has done 3500.”
Subcritical's Reactor Design Makes Runaway Nuclear Reactions Impossible
“So we are designed to operate at .97. So that means you never have enough neutrons to keep the reaction going. The reaction will always fizzle out. So no matter what you do, it's going to fizzle out. But normally that would mean you get no power output. What y…”
UK VCs Refused Meetings When Fred Turner Was 18
“Like when I found, I tried to raise a venture around in the UK and I couldn't even get meetings. This was when I was like, I was 18. I was in like first year of college and I was doing this startup on the side. I couldn't even get meetings with, I think I got …”
City Of Los Angeles Paid Curative Daily On Net-One Payment Terms
“The best thing we could get with the city of LA, because they have obviously, you know, There's a city, there's certain restrictions, is that they would pay after delivery, but they would pay net one on the invoice, and so we would deliver the tests for a day,…”
Coal Power Generation Will Mostly Disappear Over The Next Decade
“I mean, I think any power from coal will mostly go away. I think you're still going to see a lot of gas, just because, particularly in the US, it's cheap, it works, it's fast, but I think coal is going to go away, and then you're just going to see more of ever…”
Every Hour Sepsis Treatment Is Delayed Increases Mortality By 12%
“Because with sepsis, basically every hour that you don't treat somebody is about a 12% increase in mortality.”
Curative's Dodger Stadium Site Tested 10,000 People Daily At Peak
“So if you went to a drive-through testing site, like the biggest one was the Dodgers Stadium site in LA. It was seven lanes of traffic, seven a.m. To seven p.m., seven days a week. So they were testing at the peak, about 10,000 people a day coming through thei…”