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.

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why aren't all 20 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

Opinion
Spivack: Crunchbase data is almost always wrong
“The crunch-based data is almost always wrong, and everybody in the industry knows that.”
Nova Spivack Jun 2, 2016 ▶ 17:47 The Inside Scoop On Building $1b+ Unicorn Data Company with Nova at Bottlenose.com, EP 248: Nova Spivack
Assertion Not checkable as stated
Messer: Collective[i] never raised a $20M Series A
“There is no twenty million dollars series A. It's actually much more money than that into this company.”
Stephen Messer Jan 12, 2023 ▶ 14:07 He Sold his First Company for $425m, Here's What He Did Next
Insight
Crunchbase's historical network moat is nearly impossible to recreate from scratch
“The power of the network is something that is very hard to recreate. If you were starting from scratch, then you can create a great tool, a great platform. But if you don't have the history that crunch base has, it's going to be very hard to build that.”
Santi Subotovsky Jun 22, 2018 ▶ 11:15 1063 How We Spent $7m To Spin Crunchbase Out of AOL
Assertion Not checkable as stated
Less than a third of Crunchbase's original users were actually investors
“More than one third of the use case for Crunchbase, the lookup use case, original Crunchbase use case, We're not investors. We're salespeople. They were using Crunchbase for prospecting, and that's what got us excited. One-third was HR-related, people in the r…”
Santi Subotovsky Jun 22, 2018 ▶ 7:42 1063 How We Spent $7m To Spin Crunchbase Out of AOL
Opinion
Crunchbase organically became the system of record for private companies
“Crunchbase has become the system of record for private companies, and they have done that organically without any major investment or any defined strategy.”
Santi Subotovsky Jun 22, 2018 ▶ 3:53 1063 How We Spent $7m To Spin Crunchbase Out of AOL
Assertion Partly supported
Emergence invested just $7 million to spin Crunchbase out of AOL
“So we invested seven million dollars.”
Santi Subotovsky Jun 22, 2018 ▶ 16:21 1063 How We Spent $7m To Spin Crunchbase Out of AOL
Disclosure
Emergence spun Crunchbase from AOL to build a next-gen Dun & Bradstreet
“So when we spun it out of AOL, we had the thesis that we could create a next gen B to B database. So think of next gen Dan and Bradstreet with a much more efficient and organic data acquisition model. So think of LinkedIn, but for companies instead of for peop…”
Santi Subotovsky Jun 22, 2018 ▶ 4:16 1063 How We Spent $7m To Spin Crunchbase Out of AOL
Assertion Supported
Ryan Buckley: AirNow raised far more capital than reported on Crunchbase
“So I think that crunch based data is probably off and, you know, overseas investments some private deals don't all get cataloged in crunch based, but they have a whole network of European investors.”
Ryan Buckley Jul 14, 2022 ▶ 14:54 Flip Your SaaS Playbook: PE firm Acquires $1m ARR MightlySignal for .5-1.5x, Sold 24 months later for $4.5m.
Assertion Supported
Islay: Crunchbase's $50M funding figure for Cognism double-counts rounds
“Yeah, I asked that to be corrected. There's like a double count there.”
James Isilay Oct 14, 2020 ▶ 12:04 Cognism Prospecting Tool Hits $10m Revenue, 40% Of Last Round Was Secondary
Assertion Supported
Andy MacMillan: UserTesting has raised about $74 million in total funding
“I think we're at about 74 right now. It depends. If you look at crunch base, some of it was secondary, so it's always a little tough to map that in. But that's about what we've raised.”
Andy MacMillan May 26, 2019 ▶ 9:32 1401 UserTesting CEO "We're at $65m in ARR Now, Hoping to Break $80m by EOY" across 3000 paying customers
Assertion Not checkable as stated
Emergence interviewed 85 CEO candidates before hiring Jager McConnell for Crunchbase
“We talked to over 85 CEO candidates for that process, and we ended up getting, I mean, we're fortunate to get Jagger McConnell from Salesforce”
Santi Subotovsky Jun 22, 2018 ▶ 8:59 1063 How We Spent $7m To Spin Crunchbase Out of AOL
Disclosure
Crunchbase rebuilt its entire software architecture after the AOL spinout
“Over the last couple of years, we rebuilt everything to make it scalable, because it was a great asset when it comes to data, not necessarily a great asset when it comes to software architecture, and also when it comes to business model.”
Santi Subotovsky Jun 22, 2018 ▶ 12:29 1063 How We Spent $7m To Spin Crunchbase Out of AOL
Assertion Contradicted
Hossain: Founder-CEO transitions typically occur 6-7 years in before an IPO
“You look at Crunchbase you know, you see typically the transitions happen six to seven years in at least the ones you hear about the ones that, you know, the company goes out of business, obviously, you transition into oblivion but typically it is a little bit…”
Nadim Hossain Nov 27, 2017 ▶ 4:06 856 SaaS: How Brightfunnel CEO Replaced Himself After Hitting $2m+ ARR, 45 Employees
Disclosure
Unomy licenses Crunchbase's entire database and partners with ZoomInfo
“For example, Crunchbase. So we've licensed their entire database. You can find it on Unami, every single company from Crunchbase. And we have a lot more built with Alexa, ZoomInfo, And many, many, many others.”
Gal Harzvi Jan 20, 2017 ▶ 16:41 EP 545: Unomy Raises $3.4M, $160k MRR Helping Businesses Get Leads with CEO Gal Harzvi
Disclosure
Vasikhar: Spaceship is pivoting toward a Mattermark-style automated database
“Basically, my co-founder is now taking over and he's planning to pivot our business a bit to make it a bit more scalable and automated. So let's say somewhere close to, a bit closer to, let's say, Mattermark or Crunchbase or so when, where you have some kind o…”
Dominic Vasikhar Jan 10, 2017 ▶ 6:56 EP 535: He's 24 yo Founder, Now VC at Hummingbird
Assertion Not checkable as stated
Isilay: Crunchbase double-counted Cognism's funding rounds
“I asked that to be corrected. Yeah. There's like a double count there.”
James Isilay Mar 19, 2022 ▶ 12:41 Look Back: Cognism Prospecting Tool Hits $10m Revenue, 40% Of Last Round Was Secondary
Disclosure
Skubana raised only $880,000 in outside capital
“Nope. And only 880,000 of that was actually, and you can see it's on crunch base, was actual like investors outside of myself.”
Chad Rubin Apr 2, 2019 ▶ 7:23 1347 "Our minimum is $500m" Says Ecommerce Tool CEO
Assertion Not checkable as stated
Emergence spent nine months negotiating the Crunchbase spinout from AOL
“So it was a long process. It took us, I think, nine months.”
Santi Subotovsky Jun 22, 2018 ▶ 4:52 1063 How We Spent $7m To Spin Crunchbase Out of AOL
Disclosure
Shanbhag: RocketReach sources data via AngelList, Crunchbase, and web spiders
“Yeah, I mean, we're using Angelless Crunchbase those two things for sure. But then the other ones are, a lot of them are spiders. So they're basically just looking at open HTML pages.”
Amit Shanbhag Apr 20, 2017 ▶ 9:06 635: RocketReach Kills Low Margin Product, Doubles Down on $70 ARPU Customers, $10M 2017 ARR goal with CEO Amit Shanbhag
Disclosure
Santander InnoVentures relies on Crunchbase most for fintech research
“We use, you know, we use a lot of tools, but probably Crunchbase is, you know, when we use the most.”
Manuel Silva Jan 23, 2017 ▶ 15:13 EP 548: $200M FinTech Fund Bullish on Kabbage with Santander Innoventures Partner Manuel Silva
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