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 157 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
Lütke: Shopify built custom HR software because Workday lacked needed features
“In, in, in our case, in HRS, we had some things that were not doable with Workday and all these systems, and so we built it ourselves.”
Lütke: Shopify is building software to connect stores directly to AI platforms
“What we want to do is make sure that like, Everyone's plugged into the various chat systems, and there's an MCP connected to every Shopify store, and you know, global catalog that's really nicely presented, so it's we're building software specifically for the …”
Lütke prioritizes hiring electrical engineers for software roles due to efficiency mindset
“I personally really deeply appreciate and have hired, always prioritized hiring electrical engineers into programming worlds, just because they just have a better idea for the costs of aid efficiency.”
Osika: Lovable is embedding distribution and user acquisition tools into its platform
“We don't, we want to help founders and we want to help them build their product, but we also want to help them get distribution on their products, right? So we're kind of building in growth over time into like the offering of building on Lovable. One part of t…”
Wu: Cognition recently acquired IDE tool Windsurf
“We've been going for the last year and a half, and most recently just acquired Windsurf, and so, you know, Devon, the agent in Windsurf, the IDE, but at a high level, you know, we really want to build the future of software engineering.”
Wu: 21 of Cognition's initial 35 team members were former founders
“And so, yeah, a lot of our team actually are specifically former founders which is kind of a fun one, like, of our initial, kind of, 35, I think. 21 of us have founded a company before and so it's been it's been a very high density of that.”
Wu: Only a small fraction of Windsurf team took Cognition buyout offer
“Yeah, yeah, yeah, I think for us, it's you know, and most folks have been really excited to come in and do it, and only a small fraction have taken the buyout, but I think from our perspective we just want to make sure it's an opt-in, you know, situation for e…”
Levels: Keeps Legacy Projects Running to Preserve Internet History
“No, so I try to keep a lot of them running. I like to keep the internet history existing.”
Pieter Levels uses GPT API to moderate Nomad List's 40,000-member community chat
“With GPT, it's actually neutral, like, it really, it's really good, right, I write down the rules of my chat group, and it's 40,000 people and it's, it doesn't ban anymore, it just mutes people for, like, a day or 10 minutes”
Snap designers are increasingly shipping code directly
“Increasingly our designers are shipping code, which is really wild.”
Xu: DoorDash is primarily testing its DOT autonomous delivery robot in Arizona
“We're primarily testing right now. We really want to get it right in, you know, one market. We're doing a lot of this in Arizona.”
Xu: DoorDash has run drone deliveries in Australia and plans US/EU rollouts
“We've been doing drone deliveries actually for a couple years now. Mostly outside of the United States. Outside of the U.S. Places like Australia you know we're gonna bring them to Europe, bring them to the United States as well.”
Xu: DoorDash built proprietary maps to pinpoint apartment doors precisely
“We have our own mapping system, for example, that we built. Why did we build our own? Well, it's because we care much more than any, you know, third-party mapping system of exactly where the last two feet, forget, 20 or 200 feet of some apartment unit door is,…”
Tony Xu: DoorDash is launching 'Going Out' and 'Reservations' products
“We're starting with restaurants with two products. One is called Going Out, the other is Reservations.”
ElevenLabs built an interactive voice agent to prep job candidates
“We created a voice agent that people can speak with and see what's the culture, but also get prepped for the interviews.”
Pichai: Google designed Gemini models to be natively multimodal from day one
“I think we paid a bit more of a fixed cost upfront, but we designed the Gemini models to be very multimodal from day one.”
Pichai: Google CEO uses internal AI agent to summarize product launch feedback
“Internally, like, I would go fire to our earlier part. Like, I would query in anti-gravity, just our internal version of anti-gravity. Hey, we launched this thing. Like, what did people think about this? Tell me that, like, the worst five things people are tal…”
Pichai: Google is partnering with Boston Dynamics and Agile on robotics
“And we are partnering, ah, back in an ironic way with Boston Dynamics and Agile and a few other companies and in a determined way, making progress.”
Pichai: Alphabet increased Waymo investment 2-3 years ago during industry pullback
“Waymo was a great example where I think we increased our investment two to three years ago when the rest of the world got pessimistic on it. When others, some of the people were backing off.”
Pichai: Google rolled out agentic tool 'Jet Ski' to Search team
“For some strange reason, we have a different name internally than externally of the same product, but it's jet ski internally which is anti-gravity. And you're living on it. You're living in an agent manager world, your workflows, and you're kind of working in…”
Lopes Lara: Kalshi rebates fees instead of paying market makers directly
“So the market making incentives on this side is actually, we don't pay them for it, we just rebate fees, but they have very, Very hard conditions to meet. They need to have uptime of certain amounts, spreads, and top of box size, and all of those things becaus…”
Lopes Lara: Kalshi launched institutional Block Trades feature
“We actually just launched a week ago this thing called Blocktrades.”
Lopes Lara: Kalshi will enter natural disaster insurance once margin is live
“Once we have margin, we can start going to more hurricane, natural disaster insurance, all of that side.”
Langley: Flock Safety focused exclusively on neighborhoods for its first four years
“So it was all neighborhoods for the first three or four years of the business.”
Langley: 80% to 90% of Flock Safety customers pay by check
“Not a single customer of ours pays via ACH to either check or credit card, and we do a lot of checks. I'd probably say 80%, 90% are checks, maybe higher.”
Langley: Flock's most active deployed drone flies 90 hours weekly
“I think our busiest drone is being flown, you know, 90 hours a week.”
Langley: Flock Safety's Thriving Cities Fund Achieved 21% IRR
“You know, last year, I think we were at, you know, 21%
IRR, so like, it's not a bad business.”
Glyman: Ramp processes over 100k expenses daily with AI agents
“I think that we're processing over a 100,000 expenses a day that are being reviewed agentically. This is a very fast growing subset of the business.”
Ben Thompson: Stratechery routine is three articles, one interview, three podcasts weekly
“Actually, my life is very, very optimized around. I write three pieces a week. I do an interview and I do three podcasts and all my focus and energy needs to be on that.”
Ben Thompson: Stratechery hit a $100k run rate in six months
“And at six months actually hit my one year goal, which was a thousand subscribers, thousand true fans, you know, it was a 100,000 dollar run rate.”
DeWahl: Antares is building sub-megawatt nuclear micro-reactors
“The really small ones are the micro-reactors, and we're actually one of the smallest of those, so we're even sub one megawatt, we're kind of in the hundreds of kilowatt scale, you can think of that as like hundreds of houses worth of electricity.”
DeWahl: Antares Did Not Seek Foreign Regulatory Jurisdictions
“You know, we really didn't. It felt like there was enough signal that we would be able to, you know, get through regulatory, right, and see some positive change. There was enough to basically demand signal within the US, and it's, I don't know, we take pride i…”
DeWahl: Antares is already talking with oil and gas operators
“We are, you know, we're talking with oil and gas already. Just understanding them, right? What do you need? What do you think you'd pay?”
Nadella: Microsoft overbuilt cloud infrastructure during the pandemic for eight months
“We overbuilt during the pandemic, and there was a good eight months. Where we were, oh, what, and then this thing now has come through.”
Nadella: Microsoft focuses horizontal Copilots on knowledge work, coding, and security
“We will definitely want to build our own, I'll call it, systems of intelligence or AI systems, that is the family of co-pilot, right? Whether it's for information work, that's kind of what we've done for coding or software development, that's the GitHub co-pil…”
Ricks: Lilly executives have a rule to never decide in one meeting
“We actually have a rule to like never decide in one meeting.”
Ricks: 70% of Eli Lilly's ad budget is off linear TV
“70% of our spend now is not on linear TV. So most of the advertising is more served up and in your search sequence, and increasingly we're interested in like, generative AI optimization.”
Abrams: Bridge originally planned to facilitate NFT purchases via bank accounts
“The first idea we had was using your bank account to acquire NFTs.”
Stern: Privy built wallet-level fund freezing to prevent double-spends
“The account layer is something that we've had to build on the wallet side, Which is actually the ability to freeze funds based on the first payment to prevent double spends. It's actually something that we've had to build out for some of our customers specific…”
Abrams: Joining Stripe gives Bridge's issuance platform a different customer base
“I mean, there's just a lot of things like our stablecoin issuance platform that we just launched, an amazing opportunity. We could launch that as an independent business, but it is a very different opportunity, a very different set of customers that are intere…”
Collison: Stripe is open to pursuing hardware if a viable idea emerges
“Maybe Stripe should take on a hardware line of business. If we find one That's good enough. Like, we wouldn't be opposed to it. I think we just haven't had a good idea yet.”
Sundheim: D1 Capital will definitely not expand into macro trading
“Definitely not macro. First of all, like, it's tempting to think that because you're good at one thing, you're going to be good at all these different things, and, ah, I think that in and of itself was like a mistake.”
Scaringe: Amazon invested approximately $2B in Rivian prior to its IPO
“Today they're our largest shareholder. But in addition to them, so they invested, I think, around two billion prior to our IPO.”
Scaringe: Rivian currently produces about 10,000 commercial delivery vans annually
“It's about 10,000 or so a year. It's going to be growing.”
Scaringe: Rivian will deliver around 40,000 R1 vehicles this year
“This year we'll do, call it forty-ish.”
Scaringe: Rivian plant capacity will reach 215k in Illinois, 400k in Georgia
“The plant will be capable of 215,000 units with just our normal facility, Illinois facility, and then we add, in Georgia, across two phases, another 400,000 units of capacity.”
Scaringe: Rivian cut a removable carbon fiber roof from the R1
“Up until very, very late in R-One, we had We had two roof options. One's the glass roof, which is what you guys have in your car, and the other was this beautiful carbon fiber roof that, like, on, you could take it off the top, and it fit, like, perfectly puzz…”