The Ledger
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why aren't all 17 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
Qleek founder claims they would have raised heavily during NFT boom
“Like, if we would have survived COVID, or if COVID didn't happen, the NFT thing would have happened, and then we would have raised so much money.”
Salhi: Qleek's failure caused trauma, required new business to avoid VCs
“The trauma of clique made me think if I have to start a new business, it has to be completely or Very, very independent from VC funding, that we could try it, and if it fails, we'll know it quickly, but if it succeeds, it can fund itself without external, addi…”
Daniel Gulati Passes on Qleek Citing Niche Market Adoption
“I think it, I just can't help but think it's a niche market. And for that reason, I'm a pass, but I think what you're doing is really interesting and could be a really, really big thing.”
Salhi: Gifting digital content today requires buying CDs or gift cards
“Today, if you want to gift something to someone any content, A podcast that you like a playlist that you love, an artist that you really like. There's no way to do it. You should, you can only buy a CD, or you can buy a gift card.”
Gulati passes on Qleek due to concerns about a niche market
“I just, if I really sort of sort of, ah, think about who will adopt this. I think it, I just can't help but think it's a niche. Market. And for that reason, I'm a pass”
Salhi: Bose invested $350,000 in Qleek on a $4M valuation cap
“So they put three 50
On a four million cap, a 20% discount a year ago.”
Salhi: Bose is leading Qleek's current funding round
“We did a lot of user research with Bose, who is an investor in the company.
Jillian Manus: Oh, are they?
Ismail Salhi: Yes.
Jillian Manus: They're fantastic.
Ismail Salhi: And they are leading this round.”
Salhi: Amazon, Audible, and Tidal bought Qleek's NFC products
“We got Amazon. Audible was buying our stuff. We got title to buy our stuff.”
Matteo Teravazi's Listener Syndicate Invested $53,000 in Qleek
“Together, through their new syndicate, they invested a total of 53,000 dollars in the company.”
Bose Made a Significant Investment in Hardware Startup Qleek
“Because right around the same time, Bose also made a significant investment in the company.”
Salhi: Qleek has completely sold out of its hardware players
“All I can say is we ran out of stock for the player, so we can't sell it anymore because we don't have any more units in stock.”
Hartzheim: Qleek's player costs $60 to manufacture and retails for $100
“The cost of production cost of the player was around 60 dollars.
We sell it for 100.
And the cost of the clicks was around four dollars.
We sell them for nine upwards.”
Salhi: Qleek saw a 30% reorder rate on its first production run
“30% of our customers reordered the first time.”
Gulati: Qleek's true value lies entirely in its physical hardware
“Really the true value here is the physical pieces, right? It's the player and it's the physical tiles.”