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 20 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
Ryan Kulp prefers solo Rails apps over higher-revenue software teams
“I would almost favor an app built in rails run by one person than something that's like making more money and has a team because there's so many I'd say in between the lines pattern matching that you can do when certain parameters line up, at least in our in o…”
Ryan Kulp: Customer support overhead kills lifestyle software applications
“Customer support can be the ultimate killer if you're trying to build or buy lifestyle Applications.”
Fork Equity avoids high-touch sales to strictly target self-serve SaaS
“So for that reason, for my temperament, we avoid businesses that require high touch sales processes. We only are interested in businesses where people sign up and pretty much figure out how to use the product. On their own.”
Ryan Kulp never wrote code or answered support for Cross-Sell
“And with Crosssell, what I really liked about it is that I, and I'll admit this publicly for the first time right now, I never wrote a single line of code, and I think I never replied to a single customer support ticket.”
Ryan Kulp: The best software acquisition deals are never publicly listed
“You always have to keep your deal flow sources. I would say agnostic. You have to be willing to look under every nook and cranny to find something. And sometimes the best deal is never going to be listed anywhere. It's going to be the right time, the right pla…”
Culp: Software Companies Don't Have to Be High-Stress Venture Startups
“Just because you write code doesn't mean it has to be a startup. It doesn't mean it has to be stressful. It can just be a technology company.”
Culp's Ideal Target: Part-Time Solo-Founder Apps Built in Ruby on Rails
“My wishlist is something that is run currently by one person part-time built in Ruby on Rails.”
Culp: Customer support can kill lifestyle software businesses
“Customer support can be the ultimate killer if you're trying to build or buy lifestyle applications.”
Fork Equity Avoids High-Touch Sales in Favor of Self-Serve Products
“So for that reason, for my temperament, we avoid businesses that require high touch sales processes. We only are interested in businesses where people sign up and pretty much figure out how to use the product. On their own.”
Culp: Never wrote code or answered support tickets while running CrossSell
“With Crossell, what I really liked about it is that I, and I'll admit this publicly for the first time right now, I never wrote a single line of code. And I think I never replied to a single customer support ticket.”
Culp: Best Acquisition Deals Are Unlisted and Require Cold Outreach
“You always have to keep your deal flow sources. I would say agnostic. You have to be willing to look under every nook and cranny to find something. And sometimes the best deal is never going to be listed anywhere. It's going to be the right time, the right pla…”
Ryan Kulp: Writing code does not make a business a startup
“Just because you write code doesn't mean it has to be a startup. It doesn't mean it has to be stressful. It can just be a technology company.”
Ryan Kulp has completed between 10 and 20 software acquisitions
“Maybe 10 or 12. I think total deals like 20. We've started things that we've then sold. So that was like a deal, but not an acquisition because we were the creator and the seller. And then we've done things where we bought it and resold it. We've bought things…”
Ryan Kulp sold an NFT tracker on MicroAcquire within hours
“Within seconds, maybe just a couple minutes of listing, I got a few messages, and within a couple hours, the money was in the bank, and it was done at, like, three a.m. It was a very small deal, right? I think it was, like, 1750 dollars, maybe. That was my ask…”
Ryan Kulp's MicroAcquisitions course acts as a proprietary deal flow engine
“We've actually got at any given moment, a few deals in our inbox that are just there. You know, they're direct to us. They're not on marketplaces. They're unlisted. They're private deals just because microacquisitions exists.”
Culp Built and Sold NFT Tracker App for $1,750 Within Hours
“I built an app. That was an NFT tracker that would let you publish sales to, like, a Discord channel... Within seconds, maybe just a couple minutes of listing, I got a few messages, and within a couple hours, the money was in the bank, and it was done at, like…”
Culp: Educational Content Yields Unlisted Micro-PE Deal Flow
“We've actually got at any given moment, a few deals in our inbox that are just there. You know, they're direct to us. They're not on marketplaces. They're unlisted. They're private deals just because microacquisitions exists.”
Ryan Culp's Fork Equity Has Completed 10 to 12 Acquisitions
“Maybe 10 or 12. I think total deals like 20. We've started things that we've then sold. So that was like a deal, but not an acquisition because we were the creator and the seller. And then we've done things where we bought it and resold it. We've bought things…”
Fork Equity Rebuilt CrossSell in Ruby on Rails With Zero Downtime
“We were able to rebuild the app from scratch in rails with zero downtime.”
Culp Generated $10K in One Day by DMing Twitter Engagers
“I made a landing page that of course accepted money. And after I made that landing page, I DMed every single person who hit like on the first tweet. And I said, Hey, you liked my tweet or you replied and said you would buy it. Here you go. And it worked. I thi…”