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
Rubin: Indiegogo board replaced him as CEO after growth debate
“Definitely not. No, I mean, that was me having a debate with the board as to how we needed to grow. I really wanted to create a massive company, and I really thought we had the opportunity to create the Airbnb of crowdfunding, because it should all be consolid…”
Rubin: Replacing founders too early handicaps a company's potential
“If you take out a founder too early, I do think you handicap the potential of the future of that company. And I think you see that with some of the results of Indiegogo.”
Rubin: Indiegogo missed owning crowdfunding by obsessing over unit economics
“We were in the position to own all of them, and, you know, we decided that we had to think too much about unit economics and profitability, and I think that's a shame.”
Slava Rubin: Disrupting finance cannot be done from within traditional finance
“If you want to change finance, you can't do it in the finance world.”
Slava Rubin: Most VCs avoid risk and only want de-risked upside
“Most VCs don't actually want to do risky things. They want everything de-risked. And then they just wanted to invest on the upside.”
Rubin: Kickstarter did not scale as rapidly as it could have
“Kickstarter comes out, they have a good design experience, they have a curated product, so it's easier to just have upfront positive stories, but they definitely don't scale as rapidly as they could either.”
Rubin: Indiegogo received 93 investor rejections before first check
“Yeah, we got 93 no's before we got a yes.”
Rubin: Bootstrapped founders have no runway except willingness to push
“The way people think about running out of gas is they actually look at their gas tank and they actually look at the meter go down. So eventually the meter is at zero. So they now have no gas, but if you have no meter, nothing gets to go down. You only get to d…”
Rubin: Indiegogo always planned expanding beyond film, copying Amazon playbook
“Since day one, the idea was to democratize it for all funding ideas. We just started with film because trying to take a, you know, page out of the playbook of Amazon, you know, starting with books only and then expanding to other stuff.”