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 8 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
Bickhart: Selling alpha data feeds inherently destroys their market value
“The more people that pay to subscribe to this alpha, the less alpha it's actually providing in the marketplace. Your data becomes priced into the model.”
Bickhart: Selling startup assets piecemeal can yield a premium over bulk sales
“If all of your assets individually are worth something, it's probably a premium to buying everything together, unless you can find that perfect buyer.”
Gazdecki: Minnow was acquired for a seven-figure sum
“Former founder of Manao, who recently got acquired for seven figures.”
Bickhart: Letting the buyer draft transaction documents saved 90% in legal fees
“They drafted all of the language, and so we just did contract, which probably saved me 90% of our legal bill for the trade.”
Bickhart: Minnow broke into Apple's top 200 apps on launch day
“On lunch day, we broke into Apple's top 200 apps on the lunch day, and we never know a lot of that until we sold.”
Bickhart: Minnow rolled 25 investors into a single SPV for its acquisition
“And so we rolled everybody up into like an SPV LLC. And they acquired that one LLC.”
Bickhart: Instagram meme account drove 400 daily app downloads for Minnow
“We built one of the fastest growing Film and TV meme accounts on Instagram, and at its peak, we had over 600,000 followers including big celebrities, and we're promoting new movies on platforms, old movies on platforms, things that are coming, things that are …”
Bickhart: Minnow's 13-month sale required six buyer meetings for one term sheet
“We had six in-person meetings with large companies. Everyone from like four to 500 to So the largest nonprofits in the world that could benefit from the technology that we built. So six in-person meetings translated into three real diligence meetings where the…”