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 12 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
Passett: Bluefoot seeks $3M at a $30M valuation for its seed round
“Three million, yes, at a thirty million valuation.”
Lee: No existing platform combines patent and financial analytics
“What we based on our research, there's no one company or no one platform that brings them together.”
Lee: Prospective enterprise clients are willing to pay over $200K for Bluefoot
“We have people willing to pay over 200 right now.”
Hudson: Conviction on high valuation beats slashing price by 80%
“I mean, I would rather that they stand there and have conviction and reasons behind a thirty million dollar valuation than drop their drawers and go from thirty million to five million.”
Passett: Bluefoot will generate over $1M in annual revenue within a year
“We do think that it's going to be revenue that's over a million a year.”
Hyatt: Pre-revenue $30M valuations only work for proven repeat entrepreneurs
“You could get that valuation if you were a multi-repeat entrepreneur, and you had this crazy good track record, and they're just not even buying into your company, just the person.”
Passett: Bloomberg terminals do not provide patent or product data
“So with the Bloomberg terminal, you can get financial data, but you're not necessarily going to get data about patents or the products”
Downey: Bluefoot asked for Series A pricing despite pre-seed maturity
“And so like, this is a pre-seed level company in terms of number of people and Product development, and yet they're asking for seed or more valuations. Like, there's Series A companies that have those valuations. It's just not an alignment at all.”
Passett: Mapping one company's annual patents manually takes three weeks
“We talked to somebody at a major tech company a couple of weeks ago, and they were saying it takes them three weeks of one full-time person to map one company's patents for one year into industries. And then next year they have to redo the same thing. Three fu…”
Passett: Bluefoot raised its friends and family round at $4M valuation
“So we actually ended up giving shares out for the family and friends round at a four million valuation.”