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
Rabois: Startups must hire undiscovered talent to compete with incumbents
“You know, my more important arc in this is I think you have to build a company on undiscovered talent. Like I don't think you really want to compete for the people that everybody else wants. Right. And, you know, I learned this at PayPal. Peter taught me this …”
Rabois: PayPal had only 12 to 17 'barrels' among 254 Mountain View employees
“At PayPal, we had about 254 people in Mountain View when we were acquired.
Of those people, depending on how strict you really want to be, it is considered one of the best talent-rich networks of all time in technology.
There is between 12 to 17 barrels in t…”
Ries: Retention requires synthetic notifications, organic notifications, or internal positioning
“And it's actually, there's not that many things it can be. Like, it might be because you gave them a synthetic notification, like, hey, please come back to my product, and they did. It could be because some kind of organic notification took place, like, that i…”
Ries: PayPal's payment notification email click-through rate is second only to Facebook's
“One of the most successful customer emails of all time is PayPal's You've Got Money. Click here to take the money. It's like, it has a very high click-through rate, maybe second only to Facebook. Someone has tagged you in a photo.”
Omojola: Cash App was the fastest, cheapest US P2P transfer method
“Like, for, like, three or four years in the United States, the fastest and lowest cost way to move money in the country between any two people who had bank accounts was CashApp. And I think that kind of changed in 2017 when PayPal, Venmo, Apple Cash, et cetera…”
Calendly deprioritized Venmo integration to focus on sales, recruiting, and CS
“There's lots of small businesses and solopreneurs who would love us to have a Venmo integration. We have a PayPal integration, but you know, our target market that we're really trying to go after as our primary, you know, persona are As I've mentioned, these s…”
Rabois: PayPal early hiring required direct Stanford or engineering connections
“Max basically hired all the technical talent in the organization. Peter pretty much hired everybody else. They used their network primarily, so it was very difficult to get a job at PayPal unless you had a first degree or second degree connection to the engine…”