The Ledger, every show

Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.

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SOURCERY Prediction Not checkable as stated
Ding: Software companies must go headless to compete for agent traffic
“I think you have to, because I think a lot of times not for all software, but for some software, like you're not going to have time to make a decision for what vendors you use. [1925] Shensi Ding: We notice this with packages a lot, also in cloud code, scarily…”
Shensi Ding Jun 1, 2026 ▶ 35:17 "We Don't Trust Agents" - What This CTO Knows That You Don't · Sourcery with Molly O'Shea
PRODUCT MARKET FIT Assertion Not checkable as stated
Ding sent outbound recruiting messages to 50,000 engineers for early Merge
“I don't even remember the exact number of engineers that I outbound, but I think it was like 50,000 or so.”
Shensi Ding Sep 18, 2025 ▶ 21:24 She cold messaged 50,000 engineers—then grew to $10M+ ARR. | Shensi Ding, Founder of Merge · PMF Show
SOURCERY Assertion Not checkable as stated
Ding: Merge Accelerated Revenue Significantly Without Adding Much Headcount
“Last year we didn't increase headcount that much, but our revenue accelerated pretty significantly. And so it's had, like, meaningful leverage on our business.”
Shensi Ding Jun 1, 2026 ▶ 8:09 "We Don't Trust Agents" - What This CTO Knows That You Don't · Sourcery with Molly O'Shea
PRODUCT MARKET FIT Assertion Supported
Ding: Merge has raised $74.5M in total funding
“Yes, exactly 74.5, but”
Shensi Ding Sep 18, 2025 ▶ 1:34 She cold messaged 50,000 engineers—then grew to $10M+ ARR. | Shensi Ding, Founder of Merge · PMF Show
PRODUCT MARKET FIT Assertion Partly supported
Ding: Palo Alto Networks acquired Expanse for roughly $1B in 2020
“We were acquired by Palo Alto Networks for around one billion dollars in 2020.”
Shensi Ding Sep 18, 2025 ▶ 6:17 She cold messaged 50,000 engineers—then grew to $10M+ ARR. | Shensi Ding, Founder of Merge · PMF Show
PRODUCT MARKET FIT Assertion Not checkable as stated
Ding: Merge gave first customer Drata two free months to prove value
“They didn't pay us for the first two months because we wanted to prove ourselves to them. We wanted to show them we would do whatever they wanted and we would really make sure that they were happy.”
Shensi Ding Sep 18, 2025 ▶ 27:03 She cold messaged 50,000 engineers—then grew to $10M+ ARR. | Shensi Ding, Founder of Merge · PMF Show
PRODUCT MARKET FIT Assertion Not checkable as stated
Merge reached $1M ARR within seven months of turning on billing
“I think it was like seven months.”
Shensi Ding Sep 18, 2025 ▶ 32:22 She cold messaged 50,000 engineers—then grew to $10M+ ARR. | Shensi Ding, Founder of Merge · PMF Show
PRODUCT MARKET FIT Assertion Not checkable as stated
Ding: Expanse engineers took six months to build a single integration
“So then finally, we ended up hiring a lot of engineers purely to focus on integrations. And it took them six months to build a single integration.”
Shensi Ding Sep 18, 2025 ▶ 7:39 She cold messaged 50,000 engineers—then grew to $10M+ ARR. | Shensi Ding, Founder of Merge · PMF Show
PRODUCT MARKET FIT Assertion Partly supported
Merge reached 12 to 13 employees by Series A
“We, and then I think by the time we raised our Series A, we had gone to like, 12 or 13 people.”
Shensi Ding Sep 18, 2025 ▶ 23:58 She cold messaged 50,000 engineers—then grew to $10M+ ARR. | Shensi Ding, Founder of Merge · PMF Show
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