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 10 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
Gebbia recruited early Airbnb engineers into OPM to digitize retirement
“Early last year, Joe Gabbia, founder of Airbnb and current US chief design officer recruited a handful of his most trusted early Airbnb engineers to embed at the Office of Personnel Management to solve the retirement paper problem.”
Chesky: Airbnb cumulatively burned zero or very little cash by IPO
“By the time we went public, we had cumulatively burned, I think, zero dollars of cash or very little free cash flow.”
Chesky: Airbnb has 200M verified identities, exceeding active US passports
“We have two hundred million verified identities. There's only a hundred million one hundred eighty million passports in circulation, U.S. Passports.”
Chesky: Airbnb Revenue Growth Accelerated From 10% to 18%
“We've accelerated growth for the first time since the pandemic. We grew 10% last year in revenue and this quarter we announced that revenue was 18%. So from 10 to 18%, which is a pretty big acceleration.”
Sequoia Has Generated Over $70 Billion in Cumulative Gains
“Over the years, it's made its limited partners and its own rainmakers who pocket around a quarter of the gains plus a management fee a total of over seventy billion dollars, thanks to early bets. On future tech darlings like Airbnb, Apple, Google, and Nvidia.”
Sequoia Netted Over $20B from Airbnb and DoorDash IPOs
“And he worked on Airbnb and DoorDash, which netted the firm over twenty billion dollars. Isn't that crazy when they went public in December of 2020?”
Chesky: 4 to 5 Million People Stay in an Airbnb Nightly
“I mean, we have typically four or five million people staying in an Airbnb every night in more than a hundred countries around the world.”
Chesky: Airbnb Spends Roughly $1 Billion on Advertising
“If they didn't, we wouldn't be spending, like, a billion dollars here on advertising, so I want to admit that advertising does influence us more than we realize.”
Sequoia invested $600,000 into Airbnb at a $3 million valuation
“Airbnb, obviously, like Sequoia was the first investor or the seed round. Sorry, not first investor. They did YC, but you know, we invested 600,000 dollars, like a three million dollar valuation, and they went through some incredibly hard times.”