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
Levy-Garboua: SaaS Will Shift to a 'Record Label' Aggregator Model
“I think, I mean, I would say that one thing that I see, I believe, is that there will be more and more people that will have, that will be operating in multiple SaaS. Either SaaS that they've built, or SaaS that they've bought, or both, but, like, I, there is …”
Levy-Garboua: Missed more unicorns full-time investing than as side angel
“I missed more unicorns a year where I was only doing investing than all the years where I was doing investing on the side. And either working at a startup or building my own.”
Levy-Garboua: Stagnant or declining SaaS targets pose severe hidden failure risk
“What is hard is when the business is not growing anymore or declining, despite having a lot of inbound or being very profitable, because you don't know why, what is broken and how, and you don't know how much time you'll have until the thing is immediately bro…”
Levy-Garboua: Bootstrapped SaaS Quality Directly Mirrors the Founder's Psyche
“The more meticulous a founder, like a seller is, the better the business. And so today I spend way more time understanding the psyche of a founder, of a seller, because I, in a way, for bootstrap founders, the business reflects the founder very, very closely. …”
Levy-Garboua: Debt-Financed SaaS Acquisitions Require Multi-Year Growth Levers
“Debt for these businesses is very expensive and you need growth to pay for the price of the debt in a way. And so you want to make sure that what you're buying is not going to Have one last path, and then go downhill from there, despite everything that you can…”
Levy-Garboua: Noosa Labs targets bootstrapped SaaS with $200k-$800k ARR
“So we look at businesses that are between 208 hundred K of ARR. We look at businesses that are typically bootstrapped No team beyond the founders or maybe a few contractors here and there.”
Levy-Garboua: Noosa Labs doubled Sendtric's MRR in under two years
“It was one of the larger acquisitions we made both in terms of, it's actually our largest acquisition in terms of enterprise value. It was a good size. We've been able to grow it, grow MRR to X at least already in less than two years.”