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 7 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
Leventhal: Metering restaurant software fees based on booking volume is insane
“The idea that more successful restaurants pay more is insane. You pay us a flat fee. Use the software as much as you want it.”
Leventhal: Resy was not profitable when acquired by American Express
“We were in sight of it when we sold it to Amex. We were not profitable.”
Leventhal: Pre-Resy reservation software lacked centralized multi-unit guest databases
“Before Resi came along, every individual restaurant unit had its own customer database. It was essentially a customer database on a local server, and from the start, we said, you're, you know, if you have four restaurants, it's all one database.”
Leventhal: Airbnb agreed to both invest in Resy and partner commercially
“At some point in that conversation, we said, you know, we'd like this to be both an investment and a commercial partnership, and they agreed.”
Leventhal: Resy initially took a 20% cut on paid table reservations
“My recollection is that we took 20% as a vig, and the restaurant kept the rest.”
Leventhal: Resy cut fees to zero during COVID, setting industry precedent
“We did two things, and we did them very fast, and then the industry followed. One is, we cut fees to zero. We thought it was really important, symbolically, to say, we are not in a position to be collecting money from restaurants right now, and a lot of the in…”