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 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

Assertion Not checkable as stated
a16z told Sandbox VR to plan for two-year COVID disruption in 2020
“They told us that, no, you need to plan for two years. Nobody was planning for two years in March of 2020.”
Siqi Chen Jan 5, 2026 ▶ 5:49 It took him 4 years to launch—then he hit $1M ARR in 30 days. | Siqi Chen, Founder of Runway · PMF Show
Disclosure
a16z and others passed on Snyk's seed because it lacked revenue
“I got to, like, you know, ask me for the partner meeting, stay over the weekend in Andreessen Horowitz to sort of present to, and nobody converted. And everybody basically peeked behind the curtains, saw there's no revenue, says, oh, classic DevTool.”
Guy Podjarny Oct 27, 2025 ▶ 34:24 He burned $4M to hit $100K ARR—but with 1 big change, he grew to $4.5M ARR in just 12 months. | G... · PMF Show
Assertion Not checkable as stated
Walker: Non-tier-one VCs face an extremely brutal fundraising market
“However nervous and anxiety ridden you are about this market, just know that your VCs are equally anxiety ridden unless they work at Andreessen or Sequoia because their fundraising process is super hard right now.”
Peter Walker Aug 21, 2025 ▶ 56:18 Q2 2025: The new Series A Bar is $3M ARR—& only 20% of seed startups make it. | Peter Walker, Hea... · PMF Show
Assertion Not checkable as stated
Akhund: a16z offered Mercury a seed term sheet same-day pre-product
“We met on the Tuesday, they gave me a turn shoot on the Tuesday. So it was done. But I mean, they moved quickly and I appreciated that and like they really you know, who knows whether I would have got any other VC, but like they really did believe in, in the m…”
Immad Akhund Jul 21, 2025 ▶ 30:18 How Mercury Hit $500M ARR—then raised $300M from Sequoia at $3.5B. | Immad Akhund, CEO & Founder ... · PMF Show
Assertion Supported
Eve raised $100M at a $1B valuation months after its Series A
“I mean, you raised a series A not long ago, earlier this year from A-sixteen, you raised a hundred million dollars at a billion dollar valuation a couple of months ago.”
Pablo Srugo Feb 10, 2026 ▶ 1:53 How I grew to $3M ARR in 6 months—& to a $1B valuation in 2 years. | Jay, Founder of Eve Legal · PMF Show
Assertion Partly supported
Chen: Sandbox VR was Andreessen Horowitz's first overseas investment
“Yeah, so they led our series A at Samba. So we were Andreessen's very first overseas investment.”
Siqi Chen Jan 5, 2026 ▶ 5:43 It took him 4 years to launch—then he hit $1M ARR in 30 days. | Siqi Chen, Founder of Runway · PMF Show
Disclosure
Fradin: The First Investor He Pitched Offered to Fund Larridin
“I started with who did I want to work with, and I had a pretty short list of who I wanted to work with to be the lead. And I was very fortunate that the first person I talked to wanted to invest, and that was great for me, and I'm a big fan of Andreessen and o…”
Russ Fradin Nov 10, 2025 ▶ 36:56 He walked away from $5M ARR—then built a $50M company. | Russ Fradin, Founder of Larridin · PMF Show
Disclosure
Lingelbach: Hedra raised Series A exclusively from existing backer a16z
“So I didn't really go out and raise, try to raise money from anyone else. We just kind of came to an agreement with our existing investors and I've wanted to work with Matt for a really long time. Bornstein who's on our board.”
Michael Lingelbach Aug 18, 2025 ▶ 56:47 His Video AI app hit $10M+ ARR in Months—with 0 outbound sales. | Michael Lingelbach, Founder of ... · PMF Show
Disclosure
Akhund: Mercury intentionally added 60 seed investors to drive distribution
“We had 60 investors in our seed round. So I, you know, I deliberately, you know, we had recent Horowitz as a lead, and then as soon as they kind of committed, which is relatively early, I deliberately went and like Hunted people that had like a large portfolio…”
Immad Akhund Jul 21, 2025 ▶ 39:52 How Mercury Hit $500M ARR—then raised $300M from Sequoia at $3.5B. | Immad Akhund, CEO & Founder ... · PMF Show
Assertion Not checkable as stated
Andreessen Horowitz Seeded Illumio With $8M After Dozens of VC Rejections
“You know, we raised eight million dollars to start the company. Andreessen Horowitz took the bet on us that literally, and I am not exaggerating, I can't say hundreds, plural. I can absolutely say many, many, many dozens of venture capitalists, including just …”
Andrew Rubin Jul 3, 2025 ▶ 30:06 1st-time founder raises $140M with $0 revenue—grows to 800 employees & profitable. | Andrew Rubin... · PMF Show
Opinion
Andreessen Horowitz's Executive Briefing Center Provided Indispensable Early Value
“Again, a huge shout out to Andreessen Horowitz from the very, very beginning because they had built this model that now so many of the VCs have rightfully copied. But this executive briefing center, what they called their ABC and what Andreessen, you know, did…”
Andrew Rubin Jul 3, 2025 ▶ 43:28 1st-time founder raises $140M with $0 revenue—grows to 800 employees & profitable. | Andrew Rubin... · PMF Show
Assertion Not checkable as stated
Andreessen Horowitz Issued an $8M Term Sheet After One One-Hour Meeting
“I had one meeting with the partner. It lasted for less than an hour, and two weeks later, they had signed the term sheet to give us eight million dollars to start the company.”
Andrew Rubin Jul 3, 2025 ▶ 31:56 1st-time founder raises $140M with $0 revenue—grows to 800 employees & profitable. | Andrew Rubin... · PMF Show
Assertion Not checkable as stated
Kausas: Pylon closed a $17M Series A in 14 days
“14 days after the start we end up getting the term sheet closing the round and then yeah, and that was seventeen million dollars so now, you know, with our basically three million that we have left from everything else, we have twenty million in the bank”
Marty Kausas Dec 19, 2024 ▶ 1:06:11 YC said his idea "would never work". So he lived in his office for months—then raised $17M from a... · PMF Show
Assertion Supported
Bilbao: Rappi was likely a16z's first investment in Latin America
“I think we were the first A-sixting C investment in Latam, something like that.”
Andres Bilbao Sep 16, 2024 ▶ 18:58 He took on Uber & grew Rappi to $5B—here’s why the craziest founders often win. | Andres Bilbao, ... · PMF Show
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 250 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.