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
Prins: Adyen offered only common shares across its funding rounds
“We've always been very predictable about what a deal should look like common shares for everyone. We kept it very, very simple, and it's really yeah, played out really well in the end.”
Prins: Direct card network integrations increased Adyen's payment approval rates by 2-3%
“Making small tweaks to that suddenly changed the responses. So we were seeing two, three percent more approval rates.”
Prins: Adyen operates without a fixed product roadmap
“We don't have a roadmap because we just know what we're working on. And we have big themes that we're working on, but we really want to keep the flexibility that we can make changes all the time.”
Prins: Legacy bank systems still process 85% of electronic payments
“I think if you look at payments in general, probably 85% of all electronic payments out there are currently still processed by banks, old systems. That's all out there to be To be replaced with something better.”
Prins: Adyen deliberately avoided launching consumer wallets or proprietary payment methods
“And a specific choice we've made that we never want to be at the forefront. We never decided to run our own wallet or run our own payment methods. We always made a very clear distinction, a very clear focus. Our role is to help merchants grow.”
Prins: Adyen never builds anything without a confirmed customer
“We never build anything if we don't know which customer will use it and when.”
Prins: Adyen replaced intermediary banks by integrating directly with Visa and Mastercard
“We took the step to integrate directly with Visa MasterCard, really replacing the banks, the processing systems, and really, yeah, trying to eliminate the role banks play in payment handling, by going directly to these Visa MasterCard networks.”
Deeter: Stripe and Adyen will be multi-billion dollar successors
“Companies like Stripe and Adyen will certainly be multi-billion dollar successors.”
Prins: Adyen only had engineering and sales roles for a long time
“We started a company with engineers and a few salespeople, and for a long time, that's the only Two major roles we have in the company.”
Senkut: PayPal lost $10 billion in market cap when eBay chose Adyen
“I remember last year, the eBay announcement came out PayPal took a ten billion haircut in market value, and all of a sudden, like, my LinkedIn, email, phone, Adyen, what is this?”
Prins: Debit and online banking are 80% of transactions in Germany, Netherlands
“So in these markets, people pay with debit methods or with online banking based payment methods. And in these countries, they represent maybe like 80% of all online transactions in store transactions.”
Prins: Adyen submits over 100 data points per card transaction
“If you submit a payment to Visa MasterCard, it's not just a card number and a name. No, we submit over a hundred data points.”
Senkut: Adyen had highest revenue per employee across Felicis' 300-company portfolio
“I know that Adyen was top in our portfolio in terms of revenue per employee. I think Adyen was also top in terms of 300 investments we made or so in terms of efficiency of those revenues, meaning that to generate that one extra dollar of revenue, how much capi…”