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 13 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
Chamath: In a recession, Airbnb will suffer regardless of product quality
“But if we're in a recession, that company will be under pressure in a way that has nothing to do with the internal product quality that they exhibit.”
Chamath cancelled Airbnb investment over dispute with CEO Brian Chesky
“Airbnb at a billion, obviously, I actually did invest, I agreed to invest, but then I got into a huge public snafu with Chesky, because he was taking a bunch of money off the table, and then we ended up not even finalizing the investment.”
Chamath: DoorDash has the biggest upside among delivery and platform stocks
“Now, I think of all the three businesses, Dash probably has the biggest upside, quite just like, again, Parm's length. I don't own any of these three stocks. I'm just saying business model quality, Dash seems infinitely scalable.”
Friedberg: Silver Lake made $3B to $4B on Airbnb emergency deal
“They put in debt, and then they got warrants, and the warrants ended up making them, like, I mean, Silver Lake. Forex, it's insane. They made, like, three, four billion dollars.”
Friedberg: Silver Lake turned $1B Airbnb debt into $4B in six months
“Silver Lake swooped into Airbnb in April, gave him a 12% debt deal for a billion dollars, and they got warrants that, the warrants today, Are worth about 1.4 billion dollars. And this debt is probably worth three times what they put in. So in like five months,…”
Calacanis: Google, Uber, Airbnb, Meta doubled revenue per employee in 2-3 years
“If you look at Google, Uber, Airbnb, and Facebook Meta, They have the same number or less employees than they did three years ago, but they're all growing in that 20 to 30% a year, which means in but two to three years, each of those companies has doubled reve…”
Calacanis predicts consumer comfort services like DoorDash and Uber will thrive in 2024
“I'm going to go with consumer comfort services. I think as austerity measures and this, whether we have a soft landing or a recession, it's clear the consumers have spent all their money. So they're going to go for small luxuries like DoorDash, Airbnb, Uber, s…”
Palihapitiya: End of easy money will curb luxury Airbnb lifestyle spending
“When that free money gets taken away, I'm not sure that you're renting castles to spend a week here and a week there.”
Calacanis: Airbnb reached an $88B valuation five months after massive layoffs
“They laid off 25% of the company in July. 1900 of 7500 employees. They cut their marketing budget by eight hundred million, and then they IPO five months later, ah, and they had raised a billion dollars at an eighteen billion dollar valuation, according to Pit…”
Calacanis: Sequoia's top recent portfolio exits exceed $300B combined valuation
“Over the past two years, they've had DoorDash, Airbnb, Snowflake, Unity, all these incredible companies worth over three hundred billion dollars combined.”
Sacks: Airbnb paid $250M to hosts to offset COVID-19 cancellations
“At the company's expense, they refunded something like two hundred fifty million dollars to the, to users who had canceled reservations, but they gave the money to the host to keep them afloat.”