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 14 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
Goel: Scaling operators will fail if put on early-stage experimental projects
“If you put a guy who's great at doing a hundred to thousand journey, And you put them on a minus one to zero, they'll, they'll fail, you know, because they, and vice versa, right? Because it just requires very different skill sets and very different kind of DN…”
Goel: Shiprocket saw over 150% cohort transaction retention by month six
“In terms of you know, volume retention or transaction retention that was again, something we had never seen. It was north of 150%, you know right. As early as like the sixth month into the cohort.”
Goel: Shiprocket is processing over 7 million shipments per month
“When we crossed our first million shipments a month mark, it was not very far back. It was only two years ago. Or two and a half years ago. And, you know, it's today we are processing in excess of seven million shipments a month.”
Goel: Never combine core business teams with experimental innovation teams
“One of the things I've learned is it's not a great idea to put like a growing franchise, you know, with a very different rhythm and focus with an experimental research oriented team in the same team, right? They need to be dedicated separate set of people even…”
Goel: Experimental corporate innovation programs must have high failure rates
“Everything we do in those programs they're supposed to have a high death rate. Right. If they don't, then we're just not doing enough. Like we're not doing too many, we're taking, we're not taking enough risk in experimenting.”
Goel: Shiprocket generates over $100M in annualized revenue
“We make up north of a hundred million dollars in, in revenue at an annualized basis.”
Goel: Shiprocket reached net profitability in March 2019
“We actually turned net profitable in March of 2019.”
Goel: Deepinder Goyal wrote a personal angel check before Zomato invested
“DP put in an angel check at that time just to, just so we could be in touch and then post that as we started raising around, you know, and then I think things just transpired, you know, they just sort of one thing led to another. And they said like, we're happ…”
Goel: Shiprocket never had heavy negotiations in any funding rounds
“We've not had a lot of negotiation in any of our rounds, by the way, right? It's been quite straightforward in terms of structuring, quite straightforward in terms of you know, because like I said, we cared more about the color of the money always”
Goel: Almost 40% of Shiprocket's transaction volume is entered manually
“A large part of our, almost 40% of our volume of our transactions actually punched in by hand, right?”
Goel: Shiprocket powers $2B GMV across nearly 70,000 monthly sellers
“Out of this market today, you know, we power about two billion dollars of GMV, right? Through this sort of direct commerce enablement channel. You know, we work with nearly 70,000 total sellers every month, right? About 150,000 sellers a year who are actively …”
Goel: Early Shiprocket leads converted at 20% to 25%
“Our leads were converting at 25%, 20% again, unheard of in a B to B business.”
Goel: 70% to 80% of early Shiprocket merchants onboarded fully self-service
“We were seeing self-service sign up, you know, almost like almost 70, 80% of the merchants, they were coming in, signing up, putting their address paying money into a wallet without a single human intervention, right? It was all happening in a few hours of the…”
Eruditus and Shiprocket scaled into great businesses using very little capital
“One, you know, so a few companies on ours, but the one that kind of stands out is Eruditis, which is a company being run by Ashwin Damera and Chaitanya, and both the entrepreneurs have built a fantastic company with very little capital. Another company in our …”