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 10 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
Abouzeid: Personal tax prep firms avoid complex, multi-jurisdiction clients
“There are no personal tax prep firms that are eager to engage with this type of client. Why? They're more sophisticated and time consuming than sort of your easy, you know, here's a thousand dollars. I'll get you my tax returns and just sort of not have to thi…”
Abouzeid: Rivet raised venture believing it can IPO in 10-15 years
“No, I mean, look, we wouldn't have raised money if we did not think we could go public in 10, 12, 15, right? People have to return their funds. This is not for fun. This is not a hobby, right? We know that we wouldn't have raised money if we didn't think that …”
Abouzeid: Ramp is a generational company, Rivet unlikely to match its success
“I hope I hope we are as successful as ramp one day. I don't think we will be, I think it's a generational company.”
Abouzeid: Rivet is building an EY competitor, not a startup-only firm
“Ernst & Young is who I look up to. It's not, you know, there are a bunch of startup focused tax prep firms. We are not building one. We are building a better tax prep firm. Just so happens that a lot of our sort of early customers happen to be startups.”
Abouzeid: Do not hire growth talent without defining target metrics first
“It is not a good idea to hire a growth person if you don't know what number they're going to move.”
Abouzeid: Tax extensions are prep firms' biggest productivity lever
“It's oftentimes the biggest lever a tax prep firm has and sort of making their people more productive is by themselves six more months to do the work.”
Abouzeid: Rivet's Launch Means Nothing Until Successfully Completing Tax Season
“At the same time you know, nothing's happened yet. I'll take the congratulations on April 16th when tax season is over. Then I will feel like, you know, we've done what we need to do, but for the for the time being it feels good to sort of be able to talk abou…”
Abouzeid: Rivet services individual W-2 filers through Series C companies
“We work with, you know, everything from Vanilla w two tiny nines. I'm just an employee at a company. I want somebody to be able to call in the off season for questions all the way through call it like series B and series C companies with, you know, deeply soph…”