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
Ohanian resigned from Reddit's board in 2020 over hosted hate communities
“I left Reddit pretty publicly in protest back in 2020 in the wake of George Floyd, because it did not align with my views that the company would take such a stance in support of communities of color and black communities in particular, and also still have thou…”
Ripley: Retail meme trading makes short-side alpha much harder to generate
“We're living through another era now where meme stocks are going to the moon, and so the more short of the stock, the more it's being put up on Reddit and Robin Hood and places like that. That game has gotten a lot harder over time, and so we're looking for fo…”
Google tried to acquire early Reddit for a YouTube commenting system
“It actually made us an acquisition offer. It was like an acqui-hire type thing, and Google wanted to roll Reddit into YouTube, and they were gonna make us this sort of YouTube commenting system.”
Underperforming employees rarely improve after two quarters of direct feedback
“If there are really systemic challenges with an employee, and you give that direct feedback, and you don't see material improvements, and you keep going through the same process quarter after quarter after quarter, it's not actually going to get better. You've…”
Reddit reached $175 million in revenue and 600 employees by 2019
“Four or five years later, when I stepped back to a board-only role, I think the business was probably 175 mil in revenue, probably like 506 hundred employees, so grown a lot, learned a lot from that.”
Reddit had just $8 million in revenue and 45 employees in 2014
“It was a company that had, I think, eight million dollars in revenue that year, 2014, that's public, despite being over a decade old, and dropping, because obviously advertisers don't want to be on revenge porn websites, and so maybe 40, 45 employees, no mobil…”
Crowds surface novel ideas but struggle to produce polished narrative content
“User generated content can do an amazing job servicing a novel idea, but A crowd cannot easily create that next step of content.”
Coinbase erred strategically by launching peripheral products in 2014 and 2015
“I think one thing that we screwed up a bit at Coinbase is throughout 2014, 2015, we tried to launch all these new products. We were launching like a tip button that you could embed and tip people on Reddit. We were very focused on merchant integrations for peo…”
Reddit Cycled Through Three CEOs in Less Than a Year
“At the time I joined, we'd had three CEOs in less than a year.”
Paul Graham coined Reddit's 'front page of the internet' tagline
“What we eventually got to was this idea of creating the front page of the internet, and give Paul credit for that tagline.”
Condé Nast acquired Reddit for $10 million 16 months after launch
“And then, yeah, ten million dollar acquisition offer for 12 months worth of work at the time. We got it consummated in about four or five months. So 16 months in, it was just mind-blowing.”
Reddit's early $10 million exit helped validate Y Combinator for founders
“This ten million dollar exit was the first really big one for YC, and it helped give a seal of approval that then led to Dropbox supplying, which was the first real billion dollar company, and then that led to Airbnb. Once you did it twice, it really validated…”