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 1,341 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 40 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
Bry: Skydio serves 4,000 customers including every US military branch
“We're right around 4000 customers. These are enterprise government agencies that are using the products. So this is every branch of the Department of War, number of allies around the world, 1200 public safety agencies across the country, almost every State Dep…”
Bry: Skydio generates hundreds of millions annually producing thousands of drones
“It's already, you know, thousands of drones a month, hundreds of millions of dollars a year in, in revenue.”
Bry: Skydio drones can be summoned via Axon body camera button
“So, you know, the drone can fly to the location of a body camera, so an officer can just push a button on their body camera. If they're in trouble, they'll summon a drone to get there, and then after it lands, it'll upload the footage to Axon's evidence.com pr…”
Abraham: Charles Schwab hasn't been disrupted because it doubled in five years
“Schwab hasn't actually been disrupted yet, really, because that company actually, you know, still doubled in the last five years.”
Abraham confirms Public has billions in assets and doubling revenue
“I think I asked you, and I was wondering what your numbers were, and you said millions of users, billions of assets, billions of trading volume, and revenue doubling every year.
[916] Molly O'Shea: So is that
[917] Leif Abraham: That is accurate.”
Abraham: Public's top AI-generated asset basket is defense stocks, up 350%
“The, I think the best performing generated asset on the platform right now is defense and Weapons manufacturers. One that is like up 350% in the last month. Or something, you know.”
Abraham: Average financial advisor age is roughly 60 and rising yearly
“The average age of financial advisor goes up by, you know, a year every year. I think the average age is actually roughly 60 or so already, you know”
Abraham: Public's internal AI agent autonomously converts Jira tickets into frontend code
“There's one agent called Cody, which is like, basically like a frontend engineer that we have that can literally turn a Jira ticket into perfect code that just, it's, you know, sets for an engineer to review and merge, and like, it's autonomously just working …”
Happi: Exowatt operates the world's largest indoor solar simulator
“This is the largest solar simulator of its kind in the world, so it's state-of-the-art, and what that means is we essentially have the sun indoors, so that allows us to do 24 seven testing.”
Happi: Hyperscalers plan $1 trillion in data center capex
“Like the, Google's of the world and so and so forth. They're planning on investing a trillion dollars in capex and data centers over the next couple of years.”
Exowatt has raised about $140M over the last two years
“So in total, we've raised about a hundred and forty million dollars over the last two years, and it's been great.”
Happi: Labor shortages are now the biggest bottleneck for data centers
“So the biggest kind of challenge for data centers today is are there aren't enough construction workers to build a data center. So you have to like import people from other states to a site to build a data center. And being an electrician these days is actuall…”
Happi: Completed data centers create very few ongoing maintenance jobs
“Data centers build out itself creates some construction jobs, but after it's built, there's not a lot of jobs that, that are required to maintain it.”
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…”
Half of Americans Carry Revolving Credit Card Balances
“Half the country revolves on their credit cards, which means that they're paying interest over and above what they could pay back to their credit card issuer that month.”
Affirm Completed Its IPO Preparation in Under Three Months
“Going public, most people will tell you it's this long protracted affair and it's so hard and it's actually not like we decided to go public in September. We were basically ready with everything by November in December of 20, 20”
Younis: 18 of top 20 global automakers use Applied Intuition
“Of the top 20 global automakers, 18 are our customers, so vast majority of the industry is using some components here to, You know, modernize their actual products from just tooling to the full operating system to intelligent cabin to autonomy.”
Ludwig: Applied Intuition Is Remotely Controlling Patrol Boats in the Ocean
“We have actual boats out in the ocean which we are remotely controlling and doing a patrol operation.”
Younis: Applied Intuition operates driverless trucks in Japan right now
“We are, we have driverless trucks running in Japan right now.”
Ludwig: Applied Intuition retrofitted Army vehicles for autonomous driving in 10 days
“In 10 days, we had a very small team retrofit our vehicle operating system and our SDS, or self-driving system, onto the vehicles, and then yeah, at 10 days, we showed them a video of these infantry squad vehicles driving autonomously out, out in a test enviro…”
Baszucki: Roblox has $6.8B in bookings, under 4% of global gaming
“We are, you know, at 6.8 billion in bookings, we're literally under four percent of the global gaming market.”
Baszucki: Major Short-Form Video Platform Reports 1/3 of Gaming Content Is Roblox
“I was just at GDC, the Game Developers Conference last night. I was talking to some representatives from one of the big four short form video platforms, and they said a third of the gaming content on their platform is Roblox content.”
Baszucki: Roblox provides continuous glucose monitors to its employees
“We, our employees get CGMs, for example, so they can watch their blood sugar, kind of monitor that,”
O'Shea: OpenAI's $110B round comprised roughly one-third of 2025 tech funding
“OpenAI just raised a hundred and ten billion dollar round. I think that amounted to about a third of all funding in the private markets for tech in 2025.”
O'Shea: PitchBook data shows 40% of unicorns haven't raised in three years
“40% of unicorns have not raised capital in three plus years.”
Miller says Fundrise reduced headcount from 350 to 200 employees
“For us, for sure, we were 350 people. Now we're 200 people. I mean, every, every month we can do more with less people.”
Huffman: Reddit had over 60% revenue growth for five straight quarters
“So we've had revenue growth over 60% for five quarters in a row.”
Huffman: Reddit achieved GAAP profitability in its first year post-IPO
“And we were able to get to gap profitability in our first year out a little bit ahead of schedule.”
Huffman: No content becomes popular on Reddit without community voting
“Even where Reddit has algorithms at the end of the day, nothing can become popular on Reddit without a community of people within the context of their values voting on it and making it popular.”
Bouaziz: Deel spent only $350k before raising Series A
“When we got to our Series A, we had actually only spent, like, Or 350 K.”
Deel reached $100 million in ARR within its first 20 months
“Applying that over the first, like, 18 months and 20 months, I think that's when we hit a hundred million”
Bouaziz: Exactly 50% of Deel's revenue comes from non-US companies
“50% of our revenues come from American companies, but the other 50% of our revenues come from European companies, Latin American companies, APAC-based companies”
Bouaziz: 10% of Deel's revenue comes from inorganic acquisitions
“If you look at deal, 10% of our revenue is inorganic, right, from acquisition, right?”
Immerman: Waymo is scaling to over 20 new cities this year
“They're scaling to over 20 new cities this year.”
Immerman: Meta, Salesforce, Deutsche Telekom, and Revolut build on ElevenLabs
“Fast forward to today, the enterprise business has customers like Meta and Salesforce and Deutsche Telekom. They announced Revolut last week. These are massive companies that are building agents on top of their platform.”
Immerman: A lot of Kalshi's volume comes from sports
“And today a lot of Cal shoes volume does come from sports. There's no hiding that.”
Immerman: 150 companies hit $100M revenue annually today versus 15 in 2009
“Today, we believe that's like 10 x larger, like a 150 every year.”
Raanan: Sequoia held a 'how can we do better' meeting post-Google IPO
“A day after the Google IPO, which was back then the biggest financial event for Sequoia, there was a whole, all hands meeting at the office with the title of how can we do better?”
Laffont: Anthropic grew materially between fundraising kickoff and announcement
“What was interesting about this one is the projections and the scale of the business grew materially. In between the fundraising kind of being discussed to eventually kind of being announced. And I think that speaks to just the incredible adoption of clock cod…”
Laffont: Broadcom grows at 40% while trading cheaper than SaaS companies
“Avago, as an example, is growing almost 40%, right, Avago Broadcom, and it's trading at a cheaper multiple of gap earnings.”
Morton: Revel increased Impulse Space's engine test throughput 5x to 10x
“So impulse, the first big deployment was actually their rocket engine test site, which was like their kind of big burning need at the time. And they previous software, it was kind of one of the legacy solutions. They were testing about once every other day and…”
Nejatian: Opendoor is one of America's most broadly held public companies
“Opendoor is one of the most broadly held companies in America.”
Nejatian: Opendoor Built and Launched Mortgage Product in 10 Weeks
“It took us 10 weeks. What was the first line of code? January fifth. January fifth till February, whatever the fuck date today is.”
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.”
Blania: World has 37 million users, 17 million Orb-verified
“So we're not, I think, thirty-seven million users total. Seventeen million of which are verified, so they used one of these orbs.”