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 9 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
Guild predicts Owner's CAC will match Shopify while LTV will exceed Toast
“Which ends up giving us customer acquisition costs in the future that look more like Squarespace or Shopify with lifetime values that are even greater than toasts over time because the attach rate is so high once you earn the trust on free products.”
Guild: Most restaurant discovery happens on Google, not DoorDash or Uber Eats
“It's still not DoorDash or Uber Eats. The vast majority of restaurant discovery still happens on Google, but that was especially true eight years ago.”
Delivery apps charge restaurants 30% and consumers 20% on average per order
“It's not just 30% that these delivery apps take from the restaurant. It's also 20% on average that they're charging the consumer.”
Driver tips are higher on direct restaurant orders than on delivery apps
“The driver tip also tends to be more when people are ordering directly from the restaurant, which offsets the driver costs and ends up making it higher gross margin.”
Guild: P.F. Chang's contract was worth over $1M annually to Owner
“This was after we'd signed PF Chang's as a customer, which alone was worth over a million dollars a year as that revenue expanded for us.”
Guild: Minecraft server made hundreds of thousands in profit by age 16
“Because by the time I was 16, it had reached millions of players, was generating hundreds of thousands of dollars in profit, then led me to drop out of high school halfway through 10th grade.”
Owner reached $1M revenue and raised $10M within 10 months of pivoting
“Over those next 10 months. We went from no customers, no revenue, about to be no money, to then thousands of customers, over a million in revenue, over ten million dollars in venture raves from all these famous investors.”