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 6 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
Ring's $100M Funding Round Was Pulled Days Before Closing Over Lawsuit
“We have a round happening, and I get sued by someone who's very large in the business, They get an injunction against the product on me, which, you know, I will not comment on either way. We're, the investor decides, and you know, fair is fair, like a little t…”
Ring Hit -$70M Cash Shortfall by Withholding Payments to Factory Suppliers
“We probably went -50 to seventy million at one point. But that's just because we just didn't pay the factories.”
Siminoff Rejected a Prominent VC Firm for Ignoring Ring's Mission
“Very prominent VC. We sell comes to me and says like, when you pitched me, you totally screwed up. We never saw how good the business was. We totally would have invested. And I said, no, I was interviewing you. And you didn't pass the mission test.”
Siminoff Ordered $500M in Ring Inventory on Just $100M in Revenue
“Imagine like we went 3,000,030 1,000,001 70, To almost 500. So when we went from, like, one 70 to 500, I had to order, like, five hundred million dollars of inventory when we were, like, a hundred million dollar business.”
Siminoff: Selling to Amazon or IPO Were Ring's Only Acceptable Exits
“I told my investors, I told Amazon, I was either going to go public or sell to Amazon. Those are my two options. And it was because the only company that I felt would really take the mission Take it and allow us to keep executing on it and stay true to it was …”