The Ledger

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why aren't all 210 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

Assertion Not publicly verifiable
Competitor Proof ran Facebook ads featuring FOMO's customers and product
“Some of the other things they've done are like made advertised promotional videos with our customers in it, and then put tens of thousands on Facebook ads to promoting these videos. And if you watch the video, it's talking about proof, but in the video is our …”
Ryan Kulp May 28, 2020 ▶ 23:38 How to Acquire a $180k Revenue SaaS Company for $3k With Ryan Kulp
Opinion
Lemp: Facebook Is World's Largest Monopoly and Threatens Open Internet
“We have the largest monopoly in the world with Facebook, and they're you know, and they will destroy the open internet if we don't stop them”
John Lemp May 13, 2018 ▶ 17:30 1023 Will He Win Battle For Bottom of Blog
Opinion
Latka: Apple and Google amplified Facebook's Cambridge Analytica scandal
“I really believe that Apple, Google, these guys that see Facebook as a threat are doing a great job right now at propping up this Cambridge Analytica scandal.”
Nathan Latka Oct 14, 2018 ▶ 21:08 1177 Then Turn Your Customers into Advocates, North of $12m in ARR
Prediction Not checkable as stated
Adams: Constant Facebook Algorithm Changes Will Drive Three-Year Course Retention
“I, I'm confident our customers are going to stay for three years on end, especially in the digital marketing world. Facebook, like Mark Zuckerberg, all the algorithms changing, everyone's heads are exploding. Like Facebook is changing constantly to invest one …”
Jeremy Adams Jul 22, 2018 ▶ 13:35 1093 If you're under 30, is agency/coaching a good way to make money?
Disclosure
Gannett would reject a $60 million acquisition offer for TrackMaven
“No.”
Alan Gannett Jun 11, 2018 ▶ 18:48 1052 You're doing $9m in ARR, why write a book decoding creativity?
Opinion
Google and Facebook do not want the open web to survive
“The Facebook-Google, you know, industrial complex doesn't necessarily want that same internet to exist in the current form. You know, it may be more about Facebook apps on Facebook, or maybe more about Google AMP pages.”
Dan Greenberg May 18, 2018 ▶ 6:21 1028 Advertisers Put $250m Through Him Last Year As Top Google, Facebook Alternative
Assertion Not checkable as stated
daPulse Acquires Enterprise Customers at Scale via Social Media Ads
“What everyone tells us all the time that is impossible and we somehow keep Are able to keep doing it in the scale is sell to large corporates on Instagram and Facebook”
Roy Mann Nov 18, 2017 ▶ 14:15 847: SaaS: How DaPulse has 3x'ed Revenue YoY
Opinion
Hurt: Apple privacy changes profoundly broke Facebook's ad targeting engine
“And of course they had invented the world's best ad targeting engine up until when Apple changed their roles and really broke that, that that engine pretty profoundly.”
Brett Hurt Jun 6, 2023 ▶ 4:33 How Investors Bought 50% of Data.World with 2.1m free users, accounts at 31k paid seats
Opinion
Pumfleet: Open-source alternatives to consumer apps will not succeed
“Because the point is, is there's no real point in just being another open source alternative to XYZ. It's like, no, you're right. If you have an open source Facebook alternative, it's not going to do well.”
Bailey Pumfleet Jun 23, 2022 ▶ 19:44 18 year old raises $32m to build opensource version of Calendly
Opinion
Urban: Wunderkind advertising is even better than Facebook advertising
“And I think we have advertising that's even better than Facebook advertising.”
Ryan Urban Nov 23, 2021 ▶ 18:01 Wunderkind Raising $100m+ at $1b+ Valuation As They Eye IPO Market in 2023
Assertion Supported
FlowChat lets users scrape and import member lists from Facebook groups
“Any like Facebook group that your Facebook profile is a part of you can go and import that member list, or if there's any post comment or Facebook.”
Chris Baden Sep 7, 2021 ▶ 8:57 FlowChat Goes From $0 to $40k MRR in 4 Months Using 1 Tactic
Disclosure
Better Agency Yields 25 Customers per $10k Spend, Converts 70%
“So on tenk in spend, we'll get about 25 net new customers, so we'll get a bunch of trials, and we convert about 70% of those trials, so that'll equate to about 25 new paying customers.”
Will Shaw Jul 3, 2021 ▶ 8:09 BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation
Assertion Supported
Cross-channel user-level conversion tracking is no longer possible
“It's become now nearly impossible to do, and that's mapping like a user's ID. Nathan, your ID for being exposed on, let's say, Google media to Facebook media to Pinterest media to a conversion it is no longer possible within the realities of MarTech to build t…”
Trevor Testweed Feb 22, 2021 ▶ 6:53 How Measured.com Grew 250% TTM To Break $5m in Revenues Helping WIth Marketing Attribution
Assertion Supported
Campos: Facebook's core engagement metric was 'L 5 of 7'
“Actually when Facebook had was what's called L five of seven. So did you use the product five out of the last seven days? And we're using something very similar or woven to track engagement. The 10 friends was basically the, if you got 10 friends, you were muc…”
Tim Campos Aug 2, 2020 ▶ 10:40 Woven.com: Ex Facebook CIO Looking to Re-Invent How We Setup Meetings
Opinion
Major platforms should allow programmatic API access to all app features
“Anything you can do in an app, you need to be able to do programmatically. Anything I can do in the Twitter app, I need to be able to do through a program. Anything I can do in the Facebook app, I need to be able to do through a program.”
Albert Wenger Jun 17, 2020 ▶ 30:45 Albert Wenger on Work After Capital
Opinion
Mayuk Gon says Perfect Cloud founders would never work for Facebook
“Too many too many things which don't jive with our mentality especially The thing that we care about the most, privacy and security, if that is being used to create revenue model it would not sit well with our founding members. So, no.”
Mayuk Gon Mar 5, 2020 ▶ 13:20 1685 Why Data CEO Turned Down $35M Offer, Would Never Work for Facebook
Insight
Paris: Founders should ignore outliers like Google and build sustainably
“Don't believe in the existence of Google or Facebook or company like that. They are not existing. So, build your company, grow at your own rate, And don't look at the exception. I know that all the people that raise money do only looks at the exceptions, but y…”
Sonny Paris Oct 23, 2019 ▶ 14:06 1551 Another CRM Hits 2500 Customers, $180k MRR
Insight
Anderson: True A/B testing is impossible on Facebook and Twitter
“The real challenge there is to do a proper A-B test. You actually have to be able to divide your sample set into two equal groups. And the way Facebook, Twitter, and the other platforms work, you actually can't do that.”
Jim Anderson May 14, 2019 ▶ 14:18 1389 With $10m in ARR, He's Helping Publishers Better Monetize Social Traffic
Insight
Wu: Social media is short-term and should drive long-form content
“We find that Social is just very short term. And we feel that social is a way to kind of drive long form content. If you look at any tweets or any Facebook posts, more likely than not, there's some kind of link there that drives you to a story.”
Roger Wu Apr 20, 2019 ▶ 9:19 1365 He's Paid $250k to Travel Influencers on Behalf of Brands
Assertion Not checkable as stated
James: Facebook Algorithm Change Dropped Acumen Brands Below $100M Run Rate
“We were on a run rate before Facebook changed their algorithm over a hundred million dollars, and it dropped south of a hundred million dollars during the, in between the time of the investment and when I left.”
John James Oct 30, 2018 ▶ 5:39 1193 Now Anyone Can Use the Tech He Used to Build His $100m eCommerce Brand
Insight
James: Do not build your business on third-party platforms
“And so, you know, the advice and the learnings there is, you know, don't build your business on someone else's platform. Don't be Facebook's bitch. Don't be Google's Move it onto your own platform.”
John James Oct 30, 2018 ▶ 6:55 1193 Now Anyone Can Use the Tech He Used to Build His $100m eCommerce Brand
Assertion Supported
Osetek: Roughly 90% of New US Digital Ad Dollars Go to Google and Facebook
“So a lot of studies, at least in the U S have shown that something like 90% of the new digital dollar dollars going into digital have been going to Facebook and Google.”
Alan Osetek Mar 24, 2018 ▶ 7:54 973 How Digilent is Competing in Changing Programmatic Ad Landscape, $40m in Volume over TTM
Assertion Not checkable as stated
Brunson: ClickFunnels makes $30-$35 per book customer on $10-$12 ad spend
“So we'll spend anywhere from 10 to 12 bucks on Facebook to acquire a book customer, but we'll make 30 to 35 dollars to the book funnel. So we actually are profitable up front and then we introduce that person to ClickFunnels.”
Russell Brunson Mar 1, 2018 ▶ 14:12 950 How Clickfunnels Grew From $14m to $60m in ARR in 18 Months
Assertion Not checkable as stated
Harrell: Kahoot reached 50M users faster than Twitter
“We've gone from zero to fifty million users almost as fast as Facebook, faster than Twitter.”
Eric Harrell Feb 21, 2018 ▶ 8:02 942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning
Insight
Smith: Major tech incumbents are currently out-executing agile startups
“What's happening in tech is you're watching for the first time ever the biggest companies execute better than the smaller companies in a lot of different ways with Amazon and everything else where we haven't seen this kind of juice since probably the Microsoft…”
Ryan Smith Feb 10, 2018 ▶ 26:03 931 Qualtrics "Well Past" $250m in ARR, When Will The Go Public?
Opinion
Tan: Making Over $1M on Startup Equity Typically Requires Facebook-Scale Outcome
“You know, typically to make more than a million dollars at any company, it would require kind of a Facebook size outcome.”
Jason Tan Jan 28, 2018 ▶ 3:59 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
Insight
Enterprise B2B Social Media Ads Should Be Funny and Viral
“And when you address them on Facebook, you don't need to necessarily do it in a way that is, or you have to do it not in a way that you would do it if you meet them. It's not rational. It's funny. It's viral. It's interesting.”
Roy Mann Nov 18, 2017 ▶ 15:11 847: SaaS: How DaPulse has 3x'ed Revenue YoY
Opinion
Barrett: Facebook's famous 7-friends onboarding metric is likely bullshit
“Honestly I suspect Facebook's number is bullshit anyway.”
David Barrett Nov 15, 2017 ▶ 16:07 844: SaaS: How Ignoring CAC Works for ~$100m ARR Expensify
Assertion Not checkable as stated
Deutsche Telekom blocked deals in Facebook, Waze, and Skype
“You know, the funny story we always tell my boss's previous life is, you know, he missed Be Around Facebook and Seed Stage Ways. And a round Skype because Deutsche Telekom said these aren't strategic enough to us.”
Andrew Pitts Oct 29, 2017 ▶ 8:47 827: VC: $140m FinTech, InsurTech Fund on How They Invest
Insight
Decentralizing Platforms Like Uber and Airbnb Is Exceptionally Difficult, Salovaara Argues
“Uber is actually a pretty damn good company. When you think of, it's easy to poke holes on a Facebook and Uber and Airbnb how there's some falls on them, but when you really try to solve their problem, it's super hard.”
Ransu Salovaara Oct 2, 2017 ▶ 22:01 800: Crypto: He's Advisor Behind Worlds Top ICO's
Opinion
Mark Zuckerberg Is a Surprisingly Clear and Empathetic Thinker
“The company that he's built has no historical precedent really. But I also think he's an incredibly, surprisingly clear and empathetic thinker about world events.”
Derek Thompson Apr 11, 2017 ▶ 17:13 EP 626: Senior Editor at The Atlantic Releases Book To Predict Popularity In New Distraction Age with writer Derek Thompson
Disclosure
Fruit Street uses dual-class shares so Girard retains full voting control
“And then we also have a dual class stock structure similar to the way that Facebook is structured where I've actually retained full voting control of the company, even though we have five board members.”
Lawrence Girard Feb 19, 2017 ▶ 9:20 EP 575: Fruitstreet Raises $6m From 180 Customers for HealthTech, New Kind of VC with CEO Laurence Girard
Insight
Putnam: Digital sharecropping works only if audiences convert to owned channels
“And so if you're going to digital share crop, use it in a way that reinforces that platform's business model, because then they'll help you. Like right now, if you're trying to grow an audience, put, put videos on Facebook, because you'll get way better organi…”
Nathan Putnam Sep 28, 2016 ▶ 15:56 EP 431: Agency Does $6m 2015, 41 Employees with Publisher/Advertiser Network CEO Nathan Putnamof Monumetric
Prediction Not checkable as stated
Massimo Chieruzzi predicts all future Facebook ad growth will come from SMBs
“All the growth For Facebook, in the next few months will become, in the next years will be coming from small, medium businesses, because the enterprise are already there.”
Massimo Chieruzzi Aug 28, 2016 ▶ 10:11 EP 400: AdEspresso Hits $20M Valuation, 4000 Customers, $400k MRR with CEO Massimo Chieruzzi
Assertion Not checkable as stated
Newman: Parkbench generated $55k on $5k Facebook ad spend
“So, so far in the past three weeks, we've spent 5000 dollars and we've made 55,000.”
Amanda Newman Jul 12, 2016 ▶ 8:40 EP 353: $880k '15 Real Estate Agents Paid Her - For What? With Amanda Newman at ParkBench
Opinion
Facebook Is the Most Powerful Content Testing Tool Ever Developed
“Facebook is the most powerful tool ever developed to assess content quality and assess demand.”
Emerson Spartz Apr 18, 2016 ▶ 8:38 Turning Humans Into Robots For 50 Million Monthly Unique Wesbite Views with Emerson Spartz of Dose.com Ep 240
Opinion
Mark Zuckerberg is by far the best CEO in Silicon Valley
“I mean, Zucks is by far right now the best CEO in the Valley in my personal opinion.”
Michael Perry Apr 3, 2016 ▶ 17:11 LTV, CAC, ARPU Numbers from SaaS CEO Michael Perry of Kitcrm.com EP 222
Insight
Gordon: Download Squad and GHacks struggled because they neglected social marketing
“Look at all of these old sites that had, Good and interesting stuff like Download Squad or G-Hacks, which is still around, but isn't, you know isn't really sustaining very well, and they didn't market themselves as well as something like Lifehacker did. They d…”
Whitson Gordon Mar 5, 2016 ▶ 7:26 How Lifehacker Went from 1m to 10m Monthly Uniques Fast with Whitson Gordon EP 187
Disclosure
Arcads uses AI agents to scrape, rewrite, and replicate competitor ads
“I have one that maybe I can show you, but it might be a bit too complex, but that basically will send me messages in Slack every single day when my competitors run new ads that are worth replicating. It will scrape the ads libraries and yeah, it will download …”
Romain Torres Jul 8, 2025 ▶ 20:24 My Agent Army Brings Me $500,000 Per Month (Exploding SaaS)
Assertion Not publicly verifiable
Facebook makes 90% of revenue from political and consumer campaigns
“Facebook doesn't care about B to B. They make 90% of their revenue from political and consumer campaigns.”
Gil Allouche May 14, 2024 ▶ 17:23 How I hit $15m ARR using 4 new growth playbooks
Disclosure
Chanty avoids paid advertising because unit economics do not work, says Okunyev
“No. in my opinion, the math barely fits here for us.”
Dmitry Okunev Jan 23, 2024 ▶ 23:26 How to Make $3m Building a Slack Clone with no money, experience, or sales team
Assertion Not checkable as stated
Facebook ads outperform Google and YouTube for Avestor's fund SaaS
“And but Facebook has been the most effective so far.”
Badri Malinar Oct 12, 2023 ▶ 17:44 This SaaS For Fund Manager's Just Hit $40k of MRR charing a % of AUM Managed
Insight
Larry Kim: Facebook ecosystem enabled $1M ARR quickly but carried severe risk.
“The neat thing is that you can build these products that go from zero to a million in no time at all, because you're leveraging that audience, that enormous Facebook audience. The downside is you're not in charge of that.”
Larry Kim Sep 19, 2023 ▶ 6:41 His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model
Insight
Larry Kim: Selling lead data captures more wallet share than advertising software.
“WordStream was like a kind of a management tool. They would spend 500 dollars with us for the tool expense, but then they would spend 10,000 on leads through Google and Facebook. So, so our share of wallet was, you know, smaller, more modest. Here we're provid…”
Larry Kim Sep 19, 2023 ▶ 23:27 His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model
Disclosure
Sabayev acquired early users by posting from his wife's Facebook account
“So while marketing was for free we used the Facebook groups especially I like the women groups. So I couldn't post from my own account. So I took my wife's account and I started posting from her account on those groups and yeah, got a lot of interest.”
Ivan Sabayev Jun 7, 2023 ▶ 12:21 Rare! A YC company that profits $300k/mo, $25m revenue
Assertion Not checkable as stated
Major ad networks restrict sales teams to the top 3% of developers
“They only have sales or service teams that cater to the top two or three percent of developers, right?”
Ashish Agarwal Feb 4, 2023 ▶ 5:45 He Did $2m in Revenue helping Game Developers Generate $30m in Ad Revenue Last 12 months
Insight
Naming communities by topic rather than brand boosts search discovery
“We didn't want to have that main thing. We are a company because we want that cold emails first. So a little bit like Facebook SEO. So it comes up when people search for cold email. So it's not only for us and then just the masterclass, because it's like a sup…”
Raul Kaevand Dec 2, 2022 ▶ 12:58 New SaaS goes 0 to $2.4m in 9 months using genius growth strategy
Assertion Not checkable as stated
Scraping competitor Facebook groups yielded a 72% LinkedIn connection acceptance rate
“We scraped these Facebook groups. I think at that time point we used Phantombuster to gather these emails and convert them into LinkedIn profiles. And then we uploaded that CSV file into Expondi. These are results of that specific campaign. And with a more tha…”
Stefan Smulders Oct 18, 2022 ▶ 13:03 Free Customer Formula: How I grew Expandi from $0 to $7m in 20 months without spending money on ads
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