Assertion certainty 4/5 debate potential 1/5

PeopleGrove was down to $20K in the bank before closing Stanford

Adam Sabin · 1364 Are you being acquired? "No comment" · Apr 19, 2019 · at 8:07

Adam Sabin recounts pivoting from a failed startup concept and signing Stanford University as PeopleGrove's first customer with almost no runway left.

0:00 / 0:05exact quote · 5.4s

720p mp4 · rendered on demand · StarZero watermark

“We had our initial convertible notes at 500 K. We were down to 20 K in the bank.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

PeopleGrove had only $20,000 remaining in the bank from its initial $500,000 convertible note when it signed Stanford University.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

How this resolves

Verification couldn't pin this to a public evidence class, so it stays on the record with its date, unassessed rather than guessed.

not yet assessed: in the resolution queue (grounded fact checks run in waves; this one's next)

Mentioned

PeopleGrove Stanford University

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Insight

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Assertion Not checkable as stated

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Assertion Not checkable as stated

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Assertion Supported

PeopleGrove has raised $2.5M in total funding

“So I have this whole other story of a failed company, but this particular one see around was 1.8. And then we had some convertible notes. So a 2.5 total.”

Adam Sabin Apr 19, 2019 ▶ 6:32 1364 Are you being acquired? "No comment"

Assertion Not checkable as stated

PeopleGrove's cash balance equals the exact amount raised a year prior

“Like cash balance wise, the amount of money we raised a year ago is the exact balance we have today.”

PeopleGrove was down to $20K in the bank before closing Stanford

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