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 28 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 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
Hudson: Jungle is a $50M to $75M ARR business, not venture-scale
“So, what I'm really saying is, I think this is a 50 to seventy five million dollar ARR business”
Muccio: UI, UX, and brand create defensible moats for AI apps
“Looking at some of these more mature apps like jungle where you realize like, no, actually the user interface can be a moat. The user experience, the brand becomes the moat. And yeah, everybody's using the same models on the other side, but like, The end user …”
Alvarez: Jungle experiences 12% churn in-semester and 19% in summer
“So the churn on our paid subscription is 12% during a semester, and then around 19% during seasonality moments like summer.”
Alvarez: ChatGPT helps Jungle by increasing student awareness of AI study tools
“I think something like ChatGPT helps us more than it hurts us, because it makes people more aware of AI and its capabilities, and it leads people to search more like AI sort of generated questions, flashcards, stuff like that.”
McAndrew predicts Jungle's seed round will close at a $12M–$15M valuation
“But my guess is this gets done At 12, 15, and it's, like, at 12, 15, and that makes sense, given where they're at, the fact that they did a pre-seed, but also just, like, the data”
McAndrew proposes leading Jungle's seed round with $1.25M at $10M post
“I would look to lead this with something like 1.25 million at a 10 post, just because that's often where the valuation threshold is for us with the deals that we like to do.”
Middleton: Flybridge commits $50K check to Jungle
“And that's a 50,000 dollar check we can commit into whatever the round is. And I'd like to start by saying, like, I'd like to commit to that.”
Alvarez: Jungle targets reaching $8M ARR within the next year
“In the next year, we want to get to eight million ARR, pretty ambitious, 10 X-ing, basically.”
McAndrew: Edtech apps must charge semesterly or annually to survive summer churn
“Like, so I think you basically have to get people to pay for the semester, or for the school year, or pay the annual rate, otherwise you're gonna churn people out. Every summer or, and you're going to need to reacquire them.”
Ben Zises calls Jungle founder Julian Alvarez a top 1% founder
“Just to round it out, I think you're clearly a top one percent or better founder.”
Julian Alvarez: Jungle has 180K MAUs and 4 months of profitability
“So we're at a 180,000 monthly active users. We are approaching a million dollars in ARR, and we've been net profitable for the last four months.”
The Pitch Fund commits $100K to Jungle alongside Flybridge's $50K
“The pitch fund is in for a 100,000 alongside Jesse's 50,000 dollar check.”
Alvarez: Jungle spent $105K to make $108K over three months
“In the last three months, we've spent a 105,000 dollars to make a 108,000 dollars.”
Muccio: The Pitch Fund invested $100K in Jungle's $300K round
“The Pitch Fund also invested a 100,000, so we were part of your 300,000 dollar mini round.”
Alvarez: Jungle users answer an average of 60 questions per week
“The other core metric we look at is the average number of questions answered per user per week. This number is currently at 60, by the way.”
McAndrew: Baukunst wants to fast-track diligence to lead Jungle's round
“I feel like I would be very interested in diving into diligence quickly and fast tracking this with my partners. And we would look to lead this.”
Alvarez: Effective education requires habit-building over traditional learning methods
“I do think in how it happens in education, traditionally, there's a lot wrong with it, but it's not just about being a good learner and doing well in school. It's about like, how do I build the good habits that I need to be a good human and show up consistentl…”
Alvarez: Jungle's creator program generated 76M views in three months
“In three months, we've gotten seventy-six million views from that program alone.”
Alvarez: 40% of Jungle Customers Choose Annual Plans
“30 to 40% of people get the higher seeded plan, and 40% of people get an annual plan, which gives us a lot more revenue upfront.”
Jungle officially sets seed round terms at a $12M valuation
“Terms for this round were set at twelve million.”
Alvarez: Jungle gained 144K December signups, 40% from word-of-mouth
“We had a hundred 44,000 people sign up in December, and 40% of those people came through word of mouth.”
Alvarez: Jungle raised $600K pre-seed at an $8M post-money valuation
“We raised pre-seed like, 600 K, and it was at an eight million post.”
Alvarez: Jungle's new streaks feature drove a 20% boost in engagement
“We just launched Streaks, for example, like a week ago. It's already had a 20% boost.”
Julian Alvarez: Jungle is raising a $2M round
“We're raising two million dollars to transform the future of learning and unlock the potential of every individual.”
Alvarez: Jungle grew power users from 11k to 21k month-over-month
“The last metric we look at that really matters to our success is the number of power users we have every month, which we define as someone that answers a hundred questions or more. Currently, in December, that number was 21,000. The month before, it was at 11,…”