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.

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why aren't all 10 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

Disclosure
FOMO Holds More Cash in Bank Than Total Capital Raised
“Our team is scaling. I mean, we're making money. We have much more money in the bank than we ever raised.”
Paul Erlang Jun 27, 2026 ▶ 42:13 How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
Disclosure
FOMO Gave Non-Founder Early Employees Founder-Level Equity Packages
“We gave non-founders a percentage of the company that usually founders get.”
Paul Erlang Jun 27, 2026 ▶ 15:13 How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
Disclosure
FOMO Valued at $550M Post-Money in Series B
“The price is five hundred fifty million. Post money.”
Paul Erlang Jun 27, 2026 ▶ 41:24 How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
Disclosure
FOMO Does Not Enforce 996 or Set Mandated Working Hours
“I think at FOMO, there's no, we don't put numbers to it. There's no nine, nine, six.”
Paul Erlang Jun 27, 2026 ▶ 49:14 How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
Disclosure
FOMO Would Build Prediction Markets on Polymarket or Kalshi
“We haven't integrated prediction markets yet, and I'm not sure exactly where it fits in on our roadmap. I think it's very interesting there. I think our first version of the product would be built on something like a poly market in Calci.”
Paul Erlang Jun 27, 2026 ▶ 7:02 How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
Disclosure
FOMO's Series B Was 100% Inbound, Unlike Its Series A
“So for the series B, that was all inbound, but the series A, we actually did run a process because we were like, we should raise money here.”
Paul Erlang Jun 27, 2026 ▶ 16:50 How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
Disclosure
FOMO Manages 30 to 40 Content Creators Fully In-House
“So we actually have this all in-house. We have these creator managers, they're fully in-house, and we manage a group of 30 to 40 creators.”
Paul Erlang Jun 27, 2026 ▶ 33:03 How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
Disclosure
FOMO Wants Ribbit Capital on Cap Table After Prior Discussions
“Ribbit Capital. We spoke with them, yeah. I really like Mickey and the team. They're great.”
Paul Erlang Jun 27, 2026 ▶ 47:59 How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
Disclosure
Unpaid Early Access from Power Users Doubled FOMO Web App Quality
“And when we put out our web app, for example, we did it a week prior and we gave early access. The web app probably became twice as good just in that week. Because we were able to get early feedback from people who are actually passionate. And these people are…”
Paul Erlang Jun 27, 2026 ▶ 4:50 How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
Disclosure
FOMO Mandates Enterprise AI Tools to Safeguard Proprietary Code
“Yeah, so we have an internal AI policy to make sure that we're only using enterprise account, that there's not sensitive things being uploaded, etc. I think that's really important. And then within those guidelines, most of our engineers are using cloud code a…”
Paul Erlang Jun 27, 2026 ▶ 25:32 How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
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