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
Busque: The first 10 Lyft drivers were recruited from TaskRabbit
“Like the first 10 Lyft drivers were TaskRabbits because John at the time didn't know how to do background checks and like we wrote background checks. For TaskRabbits, right?”
Busque: TaskRabbit launched five years too early for the market
“If you look about, you know, look at TaskRabbit, we were too early. Like we should have waited five years, followed on Uber or something like that. Like we could have done that a totally different way, but definitely some timing, right time, right place, solvi…”
Busque: I swore to never build a transaction-based company again after TaskRabbit
“The thing that I also said I would never do again would be a transaction-based company. I love the recurring revenue model, like AR is, like, just where it's at. At TaskRabbit, it was like, all right, get all these tasks posted, and then at the end of the day,…”
Busque: TaskRabbit's early 401(k) asset-based fees reached 1.67%
“So in the end, the asset base fee for task rabbit early on was 1.67% or 167 basis points.”
Busque: Founders cashed out IBM pension to bootstrap TaskRabbit
“Most people don't know, but we actually, Leah and I, at the time when we founded TaskRabbit, we actually cashed out some IBM pension to go and start TaskRabbit. We bootstrapped TaskRabbit for a couple of years before we took the first investment.”
Busque: Guideline hired an ERISA attorney as its first employee
“Our first employee was actually a lawyer. And this was a person, you know, generally not fresh out of law school, but somebody young enough to essentially interpret, interpret ERISA, the IRS regulations, Department of Labor, SEC, et cetera. And that was really…”
Busque: TaskRabbit's 401(k) had only 36% participation, mostly directors and above
“It was a 36%. I remember this number because I was like, So flabbergasted when I found out about it, 36% participation rate, and it happened to be pretty much director and above, right? The younger folks weren't using it in any way.”