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.

clear all ✕

why aren't all 4 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

Opinion
Brit Morin: Brex's $12.3 billion valuation is at least 3x overinflated
“I think their valuation is like at least three X Overinflated, like, 12.3 billion.”
Brit Morin Jan 26, 2024 ▶ 18:36 #31: Fintech Struggles, Netflix Rises and 'Big' is Winning · More or Less Podcast
Assertion Not publicly verifiable
Jessica Lessin: Brex laid off 20% of workforce, replaced key executives
“So the news this week was Brex, 20% layoff, replaced, I think CTO and COO, two members of the management team, all broken in the information.”
Jessica Lessin Jan 26, 2024 ▶ 10:27 #31: Fintech Struggles, Netflix Rises and 'Big' is Winning · More or Less Podcast
Disclosure
Dave Morin: One-third of portfolio companies used Brex, one-third used Mercury
“I remember when we were auditing our entire portfolio, like something like a third were using Brex and the other third were using Mercury and then everybody else was with”
Dave Morin Jan 26, 2024 ▶ 9:30 #31: Fintech Struggles, Netflix Rises and 'Big' is Winning · More or Less Podcast
Assertion Not checkable as stated
Brit Morin: Brex serves less than 1% of its overall market
“And to Sam's point, they only serve less than one percent of the whole market. So it's like, even if you have hundreds of millions of dollars in revenue, that's tiny in this market and you just don't have the distribution advantage.”
Brit Morin Jan 26, 2024 ▶ 16:36 #31: Fintech Struggles, Netflix Rises and 'Big' is Winning · More or Less Podcast
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