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
Sanchez says she will never hire anyone who supports quiet quitting
“I'll never hire somebody who believes in quiet quitting or would ever do that.”
Sanchez: First seller-financed acquisition yielded five-figure payout in month one
“So I started getting a check that was, you know, a five figure check the first month that I closed the deal from taking over this business and running it.”
Sanchez: Avoids investing without securing unfair deal terms
“I try to not do deals where I don't have some unfair term.”
Sanchez: Contrarian Thinking has spent zero dollars on paid advertising
“When I grew, started to grow country and thinking, and to this day, like zero dollars in paid.”
Codie Sanchez secured performance-based warrants for increasing PostPilot's audience size
“So I asked for that and I asked for some warrants and options if I was actually able to increase their audience size. Cause I think my audience size can increase theirs. And they said, yes.”
Sanchez wants to invest in creator-led slime businesses to scale production
“And so I would like to invest in one of these people's businesses because like, how hard could this be to scale and make where you don't sell out of them every single week and you make millions a week instead of a couple hundred K?”
Sanchez targets 2x to 3x cash flow multiples for small business acquisitions
“I mean, for these types of businesses, I'm cheap. I like to buy businesses at anywhere from two to six X. I really try for the two to three X, but I typically buy boring businesses that don't have a lot of profit.”
Contrarian Thinking generates 100M monthly views and millions of subscribers
“Today, I run a company called Contrarian Thinking, about a hundred million views a month, millions of subscribers.”
Codie Sanchez pays most of her executive team more than herself
“In fact, I'm probably one of the least well-paid people at my media company right now, where I pay most of the executive team, if not all of them, more than I make.”
Sanchez bought her first business, a Phoenix laundromat, for $100,000
“The first technically boring business I bought was a laundromat. That was a laundromat that we bought for a 100,000 bucks, give or take... Phoenix, Arizona. So did about 67, 68,000 dollars in profit.”
Sanchez: Lost $50K personal check and wrote off multi-million dollar fund deals
“Like, you know, I've written a check for 50,000 dollars and lost that completely. We had multi-million dollar deals that we had to write off completely when I was at the fund, thankfully.”
Sanchez: Media business operates with fewer than 10 employees
“Well, inside the boring businesses a lot you know, hundreds, hundreds inside of the media company, very few, you know, less than 10.”
Codie Sanchez negotiated unoffered pro rata rights in PostPilot angel investment
“So I invested in this company called post pilot, which is like these little, you know, you get in the mail postcards basically like, Hey free gym membership class. Or like you had something left in your basket. And I basically, they didn't, they weren't offeri…”