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 5 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

Disclosure
Zach Lloyd: Warp raised a $50 million Series B while pre-revenue
“So we raised, like, 15 to 17 at the A, and then the B was big. It was like a fifty million dollar Series B. Free revenue.”
Zach Lloyd Oct 9, 2025 ▶ 39:37 He quit Google & his 1st startup failed—but his 2nd grows at $1M ARR every 10 days. | Zach Llyod,... · 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
Juicebox burned under $750k of seed capital before raising Series A
“Almost nothing. I think like. 750 K, 500 K or so. So we did not burn much during the time.”
David Paffenholz Dec 11, 2025 ▶ 49:11 He killed a viral app with 50k users. 2 years later, he hit $10M ARR and raised $30M from Sequoia... · PMF Show
Assertion Supported
Rangan: Sequoia Was Famous and Successful at Replacing Founders with CEOs
“Sequoia was very famous for doing that many times, and was successful as well.”
Gopi Rangan Apr 17, 2025 ▶ 15:57 He invested in 30 early-stage startups. Here's what he looks for in the founders he backs. | Gopi... · PMF Show
Assertion Supported
Srugo: Sequoia and Chris Sacca passed on Snapchat's initial fundraising
“And so Evan starts to think about fundraising and he talks to Sequoia. He goes after Chris Saka. He meets many different VCs, all of them pass. Some of them won't even like meet with him.”
Pablo Srugo Apr 22, 2024 ▶ 18:36 5 months in, Snapchat had only 127 users. Here's how Evan Spiegel found product market fit w/ Jer... · PMF Show
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