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Peter Friedman

1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

12statements → 6claims → 4claims resolved → 100%fully supported → 4.08/5average certainty → 1.83/5average debate potential →

4 supported 0 partly supported 0 contradicted 2 not checkable as stated how the 6 claims stand · each chip opens the sources

6 assertions · 3 opinions · 1 insight · 2 disclosures · every statement was checked. The predictions and assertions are the 6 claims: statements the public record can support or contradict. 4 are resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Peter argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
LiveWorld raised $130 million across private rounds and a 1999 IPO
“And then we raised a series of funding, funding rounds of up to about sixty million dollars and went public in 1999 for another 60 something million, so about a hundred and thirty million, including a few million of what's called NBC Peacock money.”
Peter Friedman Jan 15, 2018 ▶ 8:36 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
none yet certainty 3
100% certainty 4
100% certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Peter Friedman on measured tape to publish a rate. This says nothing about how they speak.

Everything Peter Friedman said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Opinion
Modern tech entrepreneurs prioritize quickly flipping companies over building lasting value
“And the class of entrepreneurs we have today, and I don't criticize them for it. Most of them are not building real value in real companies. They're making something, flipping it, and going.”
Peter Friedman Jan 15, 2018 ▶ 14:22 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Insight
Venture capitalists prioritize avoiding looking stupid over generating massive returns
“And while most people think these guys invest with the primary goal is to show a big win, the primary goal is not to look stupid.”
Peter Friedman Jan 15, 2018 ▶ 22:51 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Opinion
Sprinklr and Hootsuite are fundamentally publishing tools, not conversation managers
“Well, those guys really at their core are publishing platforms. Their core DNA is for the brand to create content and manage an authoring workflow of one or many people.”
Peter Friedman Jan 15, 2018 ▶ 5:36 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Opinion
VC-backed SaaS competitors often outspend their total revenue on sales and marketing
“The other people who show growth do it by spending tens of millions of dollars to grow ten million a year. In other words, their sales and marketing budgets tend to be bigger than their revenue.”
Peter Friedman Jan 15, 2018 ▶ 13:39 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Assertion Not checkable as stated
LiveWorld claims to be the oldest continuously operating social media company
“We were, we are the oldest standing social media company. Everybody else started later, went out of business, or stopped.”
Peter Friedman Jan 15, 2018 ▶ 4:13 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Assertion Not checkable as stated
LiveWorld's SaaS product operates at 80% to 90% gross margins
“There's a SaaS, which typically is going to have 80, 90% margins. There is the workforce agents, which typically has seventy-something percent margins, and then there's consulting services, which typically have, you know, forty-percent-something margins.”
Peter Friedman Jan 15, 2018 ▶ 2:36 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Assertion Supported
LiveWorld raised $130 million across private rounds and a 1999 IPO
“And then we raised a series of funding, funding rounds of up to about sixty million dollars and went public in 1999 for another 60 something million, so about a hundred and thirty million, including a few million of what's called NBC Peacock money.”
Peter Friedman Jan 15, 2018 ▶ 8:36 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Assertion Supported
LiveWorld currently generates approximately $10 million in annual revenue
“Around ten million a year. Company runs around ten million.”
Peter Friedman Jan 15, 2018 ▶ 10:15 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Disclosure
LiveWorld currently operates at an annual loss of approximately $1 million
“And right now we're losing money, but typically it's 10 or 15% profit. Oh, a million dollars a year, something like that.”
Peter Friedman Jan 15, 2018 ▶ 11:35 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Disclosure
CEO Peter Friedman retains up to 17% equity in LiveWorld
“I actually own about 10% Straight equity now, and maybe 17% with options.”
Peter Friedman Jan 15, 2018 ▶ 16:45 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Assertion Supported
LiveWorld peaked at a $650 million market cap in December 1999
“The company was worth six hundred fifty million dollars on December 3119 99 at one p.m. West Coast time. 29 dollars and 50 cents a share.”
Peter Friedman Jan 15, 2018 ▶ 17:42 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?
Assertion Supported
Walmart operates more than 4,000 individual Facebook pages
“Walmart has over 4000 Facebook pages.”
Peter Friedman Jan 15, 2018 ▶ 5:18 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

Appearances (1)

EpisodeDateSpeaking time
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why? Jan 15, 2018 15m
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