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 1 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
Lessin: Venmo is a great product but a terrible business
“I great fucking product. Terrible fucking business.”
Lessin: Venmo Will Never Make Money Despite Being an Important Product
“It's like how Venmo is an important product, but never will make money and never has.”
Sam Lessin: Venmo has become a broken user experience under PayPal
“It is still big, but it's like, kind of shitty. The app's kind of broken now. It's been, you know, owned by PayPal for the last decade, and they've kind of like, I don't know, I wouldn't say it's not usable. I certainly use it, but it's like, pretty terrible e…”
Sam Lessin discloses he is the largest investor in social app Jelly
“There is an app called Jelly started by Ikram, who is one of the two co-founders of Venmo. I am its largest investor. I think, you know, certainly, I think I'm the only institutional investor. I'm certainly the largest investor.”
Lessin: Fin Exploration warned its investors upfront it would lose their money
“And so, years later, Cortina, who founded Venmo, and I went off, and we just said, look, we're going to start a company called the Fin Exploration Company. And we basically raised some money and told the investors we literally were going to lose all the money …”
Sam Lessin says he was the first financier of Venmo
“As, you know, as the first financier of Venmo, let's just talk about this story.”
Sam Lessin: Facebook Forced Me to Sign Non-Compete Over Venmo
“When I went and worked at Facebook on the way in, one senior executive reviewed all my investments and told me which ones I had to divest from. Interestingly, path was fine at the time, but Venmo was a big problem. And then, yeah, believe it or not, I had to s…”