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 48 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
Gazdecki: SaaS startups average 2.8 years to hit $1M ARR; 4% succeed
“On average, it takes a SaaS company, 2.5 years, two years and eight months to get to a million in recurring revenue, and only four percent of startups get there.”
LittleThings generated $70M revenue before Facebook algorithm changes destroyed it
“We were doing, you know, 60, seventy million a year in revenue. And then Facebook just dropped the hammer on us one day and kind of destroyed our business, which was my point with like Shopify.”
Naveen Arun: Global wellness economy will exceed $5T in five years
“It's going to be more than five trillion, ah, dollars wellness economy. Which has all these healthy eating, skincare beauty. It's all a lifestyle, I would call it, right? Almost more than five trillion in the next five years.”
Quayam: Legacy ESG rating agencies rely on heavily lagged data
“And the issue is solving is that today when people are looking to invest in these kind of invest in companies and want to, you know, see how they rate and that kind of stuff, there's all these rating companies, but they use like the reports from the companies,…”
Shopify's Verifiable Dashboard Prevents Founders From Falsifying App Metrics
“In Shopify, it's even easier because you can't lie. You know, there are the numbers. There are the numbers. You cannot modify those numbers. It's by Shopify. So when the buyers see it, okay, everything is okay here.”
Aiello: DimeADozen sold for $150,000
“The amount we sold for, right, it's, I think it's public at this .6 figures, 150,000.”
Garcia claims no telecom provider offers active listening AI softphone receptionists
“Nobody in the phone business has that today. Like they just don't have that. They have an IVR or they have an, you know, an auto attendant and stuff like that, but they don't have like someone that's actively listening and doing something while they're talking…”
Crennan predicted in April 2022 that tech valuations would contract
“And so I think over the next 12 months or 20, 22, I think we're going to see some really bubbly valuations that we've had start to contract down again.”
Imran: Apple's 50-day payout delay creates severe cash flow obstacles for developers.
“Like, it takes about, like, 45, 50 days to get your money from Apple. And it doesn't sound like a big deal, but it's a very big deal, especially if you're trying to scale paid.”
Simmons: Apreva Evaluates Condition of Nearly 100M US Properties via AI
“And what they have built is they have built an ability to go through and use AI vision models. To go through and evaluate the property condition of close to a hundred million properties in the United States.”
Sandeep Jangala: Sold fitness and nutrition platform to Apollo
“Luckily we got an opportunity to work with Upasna Garo there at Apollo. We went on to sell the company to them.”
Yardini: Y Combinator Funded Two EssayGrader Competitors in Past Eight Months
“Actually funny enough, now two companies, Y Combinator are just back that are doing very similar to what we are doing in the last six to eight months. So that shows that we have like almost a year and a half head start Compared to these companies.”
Cooke: Music software industry has at most 10,000 companies
“There's about 10,000 companies in the entire industry at most, and I would say if the top 50% in sales is probably attributed to maybe like a hundred companies.”
Free self-hosted Fider instances generated SEO backlinks to the main site
“The open source side of the product is every time someone hosts it for free, even though I not can pay for that, they are giving me back a backlink.”
Gazdecki: Stock Alarm was recently acquired for $500,000
“Alright, I'm here with Yahia, who recently got acquired for Half million dollars for a startup called Stock Alarm.”
Vanderheide: US-Canada Acquisitions Cannot Directly Transfer Stripe Accounts
“Because I was Canadian, getting acquired by American companies, we couldn't just transfer the Stripe account because it's, like, set as a Canadian entity type thing, so we had to actually, like, switch over Stripe keys and stuff, which wasn't as seamless, but …”
Gazdecki: SimpleInk was recently acquired for a six-figure sum
“I'm here with Daniel, the founder of Simple Inc, who recently got acquired for six figures.”
Kim: The Cubby eventually gave 100% of marketplace sales fees to students
“We gave a hundred percent of the fee to the college student and allowed them to showcase and sell their work to the public.”
Gazdecki: 98% of startup acquisitions are valued below $80 million
“Like, 98% of acquisitions are below eighty million dollars.”
Molina: Tweet Hunter took 1.5 years from idea to acquisition
“It took around one. Actually, like, ever since, like, idea to selling it, like, one or one and a half, maybe.”
Gazdecki bootstrapped Bizness Apps to $10M ARR before selling to PE
“It was called a business app, spelled B-I-Z-N-E-S-S apps. And it was like a no code mobile app builder grew it to about ten million in your career revenue and then sold to a private equity firm and then bootstrapped that business like you.”
Gazdecki: Potion was recently acquired for about $300,000
“The reason I say former is he recently got acquired for about 300,000.”
Bragg: Transferring Stripe accounts requires custom scripts for active subscriptions
“Stripe does have a you know, an easy interface to basically move products over or no, to move customers over. But then we had to like write the code and the script to move all the subscriptions and the payments and that over. And then start those again on the …”
Jeanne: MakeLogo.ai won Product of the Day on Product Hunt
“So I just launched on product and then it totally blew up. I ended up product of the day. I think.”
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…”
Enduring Ventures acquired Hawaii's only motorcycle rental business
“He bought like a Harley Davidson rental company in Hawaii, like the only motorcycle rental company in Hawaii, right? So he has monopoly on all motorcycles, if you want to rent one in the entire, on the entire island, and it just prints money.”
Abousleiman: Shopify partner ecosystem generates 3-4x Shopify's platform revenue
“I think the partner ecosystem makes like three or four times more revenue than Shopify itself.”
Kozinsky: UpCounsel raised around $20M to $25M from VCs
“They had raised, you know, somewhere around 20, twenty-five million dollars from some really great VCs, but I think they didn't achieve the kind of escape velocity That maybe it would require to go on and continue raising capital after that.”
Dumont: Bitly Burned Through Venture Capital Before Pivoting to Profitability
“Bitly was interesting because it was a venture-funded company that kind of blew through a lot of the venture capital needed to become a sustainable, scalable business, and I hopped over from Betaworks to Bitly, and I saw a lot of that, not necessarily post-acq…”
Dumont: Tiny Capital acquired Meteor.com without its original team
“With that one specifically, a team did not come with that product, so it was, you know, just the company.”
Balkhi: Awesome Motive's portfolio powers over 20 million websites
“Over the last decade have filled a portfolio of companies and WordPress space specifically, some in the SaaS space and collectively are now powering over twenty million websites.”
Gazdecki: Public SaaS valuation multiples dropped from 20x to 8x ARR
“Public market SAS companies were traditionally trading at 20 X in recurring revenue. Now they're, On average trading at eight X. So they've gone from 20 to eight X”
Lazarus: Shopify application Returnly was successfully acquired for $300 million
“Returnly was a self-service really Shopify app when I joined. And it sold for three hundred million dollars”
Gazdecki: Daniel Jekaitis Acquired Startup on MicroAcquire for Around $250,000
“You recently acquired a startup at Microquire for around a quarter million, and you were telling me you bought something else as well”
Bennett: David Cummings Was the First Investor in Calendly
“He's like the starter of, like, he started, like, Pardot sales, technically, SalesLoft, Rigger. He's the first investor in Calendly. Like, you name the company, Terminus.”
Calderon: Bootstrapped, scaled, and sold three businesses by age 27
“I've built Bootstrap, scaled, and sold three businesses by the age of 27 years old, most recently being StratDev.”
Miller's side hustle mold remediation business expanded to six US locations
“Started a side hustle doing mold remediation of all things, so black mold that's in people's homes. Did that on the side out of my garage. Flash forward four years later, we have six locations and we're all over the United States”
Arun: Traditionally 80% of Indian small businesses are family-driven
“India has not been India's traditionally like business small scale, family driven businesses, 80% of them are Indian small scale. They've all come from family roots. It has always been there in the family, right? Startup culture was not the norm those days.”
Umar Khan: ChatFi was acquired on Acquire.com
“Later on, ah, we built another product, and ChatFi is our third product, and that recently got acquired on acquired.com.”
Aiello: DimeADozen Co-Founders Met Through YC Co-Founder Match
“Dime a Dozen is really the first time that I did it not by myself, because I actually did it with a co-founder Monica Powers, that we hooked up through actually YC Co-Founder Match, And just noodled on ideas, and one of them happened to be dime a dozen.”
Gethers: Legacy admissions consultants charged over $300 an hour
“Legacy admission consultants were charging north of 300 dollars an hour”
Kirkovska: Intersect Labs sold its no-code analytics tool to Zapier in 2021
“We built a no-code software for data analytics, which we actually sold to Zapier in twenty-twenty-one.”
Most no-code platforms restrict users from exporting their underlying code
“Most no code tools don't let you extract that code out.”
Ezeike: UK Stripe accounts cannot directly transfer to US buyers
“Because the Stripe was registered in the UK, you can't just transfer over to the US, you have to actually then create a new US one, and then Do this manual transfer thing, which I didn't know about before.”
Ezeike: .com domains on Google Domains require 60 days before transfer
“Then with the second acquisition, there was Google domains, like a .com. You can't transfer it below 60 days. It has 60 days have to have come past before you can transfer that.”
Sahlmer: SaaS Group Has Acquired Seven Businesses
“So in the meantime, we've acquired seven businesses.”
Andrew Gazdecki: MicroAcquire hosts between 500 and 1,000 SaaS business listings
“Cause there's, you know, 500 plus SaaS businesses on my career.
I'm probably like a thousand”
Tung: Existing Shopify apps lacked Slack UTM and coupon tracking
“There was no way for you to get UTM tracking specifically, and like coupon code redemption data in in your Slack channel from Shopify. There were a lot of apps out there that would do light Shopify to Slack integration, but not what I needed”