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 8 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
Sam Lessin: Instacart would fail if executives adopted founder mode
“Instacart would be a complete disaster if all the people running around as executives being founder mode. Like, you need them to, like, sign up for goals and hit them and turn cranks and take incredible joy out of hitting their metrics, right, so that you can …”
Sam Lessin: Late-Stage Venture Capital Is a Terrible Asset Class
“It's the same thing with like late stage private capital. It's like, it's just a shitty asset class, right? Like, it's like, I understand why you want to be a hyper profitable, super Thingy AI companies with infinite pop side and tons of control of their margi…”
Instacart’s Debut Is a 'Fake IPO' Driven by a Tiny Float
“This is, like, a fake IPO, right in terms of how it's being structured. Like, yes, they need to get public, and they're getting public, and they're technically public. Yes, all true. Tiny float, right? You know, set it up, you know, set it up in a way where, l…”
Sam Lessin: Reddit is a much easier business to own than Instacart
“I actually, I'd much rather own, as I guess I do, a little bit of Reddit than Instacart for a thousand reasons. It's a much easier business.”
Sam Lessin: Public market investors should avoid buying Instacart stock in 2024
“And I will say in 24, you should still not buy Instacart stock.”
Every Instacart Investor Since 2015 Is Underwater Post-IPO
“Basically everyone, everyone since 2015 is underwater.”
Fiji Simo Rescued Instacart, Making It Profitable Within Two Years
“I just want to give credit to Fiji who came in to this business while it was down, like shrinking, 16% year over year within two years, got it profitable, had like five straight quarters of growth, took it public.”
Brit Morin: Life360 Is Growing 33% Year-Over-Year and Launching Ads
“Not only do they have a. 33% annual year or year growth rate already, but they're also now starting to introduce ads and kind of playing that Instacart strategy of, you know, the bigger picture here in terms of how big the market can get.”