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 11 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
Basiri: ApplyBoard became the largest immigration company in the world
“It became the largest technology, the largest immigration company on planet earth.”
Basiri: ApplyBoard brought 0.5% of Canada's population, generating 0.6% of GDP
“To give you a sense, like .5% of population of Canada, we brought to Canada. Not population of immigrants, population of Canada. Like all the students that we brought are producing more than .6% GDP of this country.”
Basiri: ApplyBoard Never Had Trouble Pitching Immigrant VCs
“We never have problem with immigrant VCs. Which there are not that many immigrant VCs. That's why the fire racing was hard. But like, any immigrant VCs, right away, they were getting it. I didn't even have to tell them about problems.”
Basiri: Elite VCs failed to grasp demand for tier-two universities
“The fundraising for the first couple of years was extremely hard. Because a lot of the VCs, they go to very top schools like Harvard, Sanford, Yale, Columbia, and those schools, UPenn, and the fact that someone's like, sell their home and belongings in India t…”
Basiri: Training junior talent beats hiring seniors even when well-funded
“So we had to, like, get a lot of junior people, train them to be, to act even better than seniors versus get a lot of senior people that they do the job. However, later on in the company, I realized that that is actually the big model, even when you have the m…”
Basiri: Direct student recruitment was much more profitable than agent partnerships
“Economically, when we were helping the students, we were making all the money. When we work with agents, we have to share something with them. So it's way more profitable for us to not work with agents, right?”
Srugo: ApplyBoard Generates Hundreds of Millions in Revenue
“You know, Martin started that and now it's like hundreds of millions in revenue.”
Basiri: ApplyBoard raised a funding round every 11 months starting in 2018
“Every 11 months is starting in 2018, so three years after building the company, every 11 months we done one fundraising, the company, right, went from, like, low valuation to, like, unicorn status and continuing”
Basiri: ApplyBoard earned its first $500 customer on launch night
“First night, we put the software up someone paid 500 dollars to get the admission package to come to Canada for whether it's for Canada or for an English language test, for English language program, sorry.”