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 11 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
Banks spend $1B on tech because of incompetent staff
“Every bank, just to simplify it, every bank has a budget of a billion a year in technology spend, yeah? Mostly because they have an immense amount of stupid people running around doing nothing.”
European startups seeking billion-dollar exits must sell in Silicon Valley
“Well, you endgame, you have to take a plane to San Fran at some point to sell your company, because nobody can swallow a company in Europe over, you know, a billion dollars.”
The Scandinavian middle class faces a dark future without growth
“Here in Scandinavia, the middle class is, is not super happy because there's no growth. They're, they just have what they have, but there's a pretty dark future.”
Legacy bank contracts with IBM will unwind, creating fintech opportunities
“The web bank is a media, and nobody's using it as a media, and it could do a lot of interesting things, from accounting to all kind of interesting things, and the banks are just sleeping, and they're locked in in stupid contracts with IBM, managing their whole…”
Why Morten Lund passed on investing in Kazaa
“They, you know, ended up calling me whether I wanted to invest in Kazaa, And I was not really convinced, convinced that it would be a healthy business because It was actually a business plan one-to-one with iTunes, but they didn't have, or we didn't have the n…”
Skype reached 400,000 users within 20 days of launch
“It was three, 400,000 users after 20 days, and the rest is more or less history.”
Lund: Early financial knowledge would have stifled his entrepreneurial creativity
“I regret a little bit that I didn't understand it earlier, but then I probably, I wouldn't have had my full creativity.”
Lund: CodersTrust increases student wages from $1 to $7–$9 hourly
“So a hundred bucks per month for six to nine months. Then they can go basically from one dollar per hour to seven, eight, nine dollars per hour.”
Lund: Enterprise fintech growth depends on closing massive initial clients
“The ability to close huge clients, because the whole equation wouldn't work unless you had some really, really large companies who would, you know, buy into this vision, even though it was a very unstable young company. And that, I think, was the founder's, yo…”