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 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
Jordan: Premier networks like Facebook and WhatsApp skip paid user acquisition
“A lot of the best networks that are platformed here aren't spending anything on, on acquisition. I mean, it's just, it's kind of an interesting thing in marketplace. Facebook, no. WhatsApp, no. Medium, no. You know, just OpenTable, no. Just, you know, just, th…”
Jordan: OpenTable grew in the teens at IPO, then accelerated significantly
“We were in the teens growth year over year growth rate. According to the analyst models, when we went out, that's not really a strong growth company. Then we increased growth in the 30, 40 plus percent.”
Jordan: OpenTable's 2009 IPO was oversubscribed 20 to 25 times
“Yeah, I know. So when we the original documents had a 12 to 14 dollar price range, I think we updated it to 16 to 18 over the course of the roadshow, because the roadshow was going well. The first two investors said, I want a full allocation. So it quickly bec…”
Jordan: No venture-backed tech company IPO'd for years before OpenTable
“A venture-backed technology firm had not gone public in a couple years.”
Moriarty: Mead Johnson was the only 2009 US IPO before OpenTable
“And the only IPO prior to Open Table in 2009 was a company called Mead Johnson, so a very defensive company, the type of thing that should go out in 2009 in consumer products.”
Jordan: OpenTable bootstrapped by selling $200 standalone restaurant software
“They build a suite of tools that they charge 200 dollars for and laboriously rolled out one restaurant at a Time throughout, you know, the country that had enough utility that a restaurant was saying, okay, I'll adopt that in the absence of a network.”
Jordan: US restaurant consumption fell 15% over one weekend in 2008
“Over the weekend, the business, the entire restaurant consumption market dropped 15% because of the panic, and we worked Monday morning. That one lasted for, like, 15 months”
Jeff Jordan: OpenTable bootstrapped its marketplace by selling software to restaurants
“OpenTable was an example of that. Early on, we sold tools because we needed to digitize the restaurant's inventory. Our entry strategy to get the restaurant, because we didn't have a network when the company started, was to give them tools. Once they had the t…”