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 11 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
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…”
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.”
The United States is seeing a surprising rise in dumb phone sales
“United States is one of the few countries in the world where we're actually seeing a rise in the sale of dumb phones”
High-end trading cards are achieving record auction prices post-COVID
“Trading cards boomed during COVID. They obviously took a big tank along with crypto and all these other speculative things after, but already have started marching back and we're seeing record high auctions for a lot of the high end stuff.”
The U.S. Open women's final consistently outdraws the men's final domestically
“Year after year after year, more Americans watch the U.S. Open women's final, which is the big American tennis match, than the men, and it doesn't matter. There doesn't need to be a Williams sister in it. There doesn't need to be an American in it.”
Y Combinator's first batch offered startups $12,000 for 7% equity
“We then, a month later, applied to Y Combinator, which he had just started, first ever batch, and back then it was 12,000 dollars for seven percent of your company.”
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…”