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
Barton: Marketing spend will shift from Meta to AI agents and Shopify
“So that 20% that I'm spending on marketing to, you know, maybe it was meta, is now gonna, like, that profit pool is gonna be more going toward a Shopify or the actual agent players themselves, OpenAI or Gemini.”
Kaz Nejatian: Palantir and Shopify stand apart from all other SaaS companies
“I think there's like two SaaS companies that stand differently than the rest. It's like Palantir and Shopify. There was up to two. I think it's partially because they do things that are just so different than every other company.”
Rabois: Kaz Nejatian cut Shopify's G&A from 14% to 4%
“One of the things he did at Shopify when he got promoted to be COO was cut their GNA as a fraction of revenue from 14% to four percent, and I think they're on target next year to be at one percent.”
Affirm Mobilized 1,200 Employees to Manually Review 800,000 Shopify Merchants
“They just signed his giant deal with us, like, all right, so we have 1200 employees, 800,000 merchants, I'm just going to give everyone 700 and something merchants to review manually. And so for like a week with no sleep, people are just like manually reviewin…”
Kaz Nejatian: Applying zero discount rate to future growth maximizes compounding
“Toby had this very wonderful mentality of applying essentially a zero discount rate. To future growth. It was just like, it's like, cool growth tomorrow or growth today. I'm indifferent. I will never sacrifice growth tomorrow for growth today. And if you do th…”
Nejatian: Tested Shopify conference room whiteboard markers to enforce detail standards
“When I was at Shopify, one of the things I used to do is, like walk into conference rooms and test the markers, the whiteboard markers. And like, anytime there was one that wasn't working, I would send a message to our facilities and, Hey, like, because I thou…”
Nejatian: Short sellers predicted Shopify would go bankrupt within 12 months in 2019
“Cause like back then Shopify was very broadly shorted. Like the day I joined, there was a short solid report that came out calling, saying Shopify would go bankrupt in 12 months.”
Zip and Navan could become Brex's equivalent of Shopify
“Zip and Navon, I think are both examples of potential Shopify's because they're both growing extremely quickly. We're growing extremely quickly. Everyone grows together.”