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.

clear all ✕

why aren't all 15 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

Insight
Facebook ads are highly ineffective for acquiring freelance users
“When you try to like when you try to acquire freelancers, right. You kind of really want to bulk acquire as much as possible. You want to go into places where you can basically just like, you know, grab multiple people at once and don't try to pick people up o…”
Leif Abraham Apr 29, 2020 ▶ 16:22 1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?
Insight
D'Souza: Cold outreach remains underutilized because SMBs find setup too complex
“Cold outreach itself, though we think it's a very saturated space, it's still pretty new out there. A lot of businesses still don't use cold outreach because Using Google ads, using Facebook ads is pretty simple for SMB. Cold outreach still feels like rocket s…”
Alan D'Souza Jun 18, 2025 ▶ 7:11 How I Built It: $6M/Year Email AI Platform (Bootstrapped)
Insight
Facebook ads worked well for Kontentino but proved hard to scale
“We've been focusing quite a lot on Facebook ads which was working very well, but it's very hard to scale.”
Bo Pokstefl Jun 24, 2020 ▶ 12:06 Kontentino is Profitable Bootstrapped, Hit $1m Revenue Competing with Buffer, Hootsuite
Disclosure
Webinar Ninja paused all paid ads for six months to focus on SEO
“We actually have stopped doing paid ads for the last six months.”
Omar Zenhom Aug 19, 2018 ▶ 11:17 1121 Webinar King? "We grew 180% yoy Bootstrapped to $7.1m in ARR"
Insight
Garst: Facebook Offers beat standard ads and boosted posts in organic reach
“When you do a Facebook offer versus a Facebook ad, or just, you know, put it up and boost it, Facebook offers, for some reason, outperform in reach versus, for the same dollar amount, essentially, as some other methods of, that Facebook has for you to spend mo…”
Kim Garst Jul 26, 2016 ▶ 11:08 How To Build a $30k/mo Membership Site with Kim Garst of Social Boom E2
Disclosure
Ryan Levesque plans to spend his entire next book advance on marketing
“Whatever I get for the advance will be a marketing project for the next book. That's what it comes down to. So the bigger advance, the more books I'll be able to move. And I'm committed to that. Like I'll spend every penny of that advance to in Facebook ads.”
Ryan Levesque Jul 14, 2016 ▶ 7:58 Ep 355: Why He Spent $1M to Sell 55k Copies of His Book, "Ask" with Ryan Levesque
Assertion Supported
Mumo: Facebook ads in Kenya cost as little as 120 shillings ($1)
“And in Kenya, Facebook ads are really, really affordable for as low as a hundred and 20 shillings, which is about a dollar. You can run an ad.”
Tony Mumo Nov 3, 2023 ▶ 3:30 First time Kenyan Founder Uses $1.50 FB Ads to Get First 100 Users, 64 DAU
Assertion Not checkable as stated
90% of Kontentino's customers came from Facebook ads pre-2019
“90% of our customers came from Facebook ads before 2019.”
Bohumil Pokštefl Apr 27, 2022 ▶ 5:22 3 things this $2m revenue bootstrapper would do differently
Disclosure
Campos: Woven Targeted Desktop CAC Under $12 and Mobile Near $5
“We had two platforms that we were testing on desktop and mobile. We were trying to get the desktop CACs below 12 bucks. A user, we were trying to get the mobile CACs down to as close as five.”
Tim Campos Aug 2, 2020 ▶ 8:05 Woven.com: Ex Facebook CIO Looking to Re-Invent How We Setup Meetings
Disclosure
Gerald: Apptivo spent zero on paid acquisition last month
“It's actually zero last month.”
Bastin Gerald Jan 2, 2018 ▶ 15:23 892 SaaS: How he Sold 80,000 Seats at $10 a pop
Assertion Not checkable as stated
Gibbons: Piper's Facebook ad CAC ranges from $25 to $65
“When we're just doing straight Facebook ads it depends on seasonality. Sometimes we see 25 dollars and sometimes we see 65 dollars.”
Tommy Gibbons Oct 24, 2016 ▶ 10:00 EP 457: 4000+ Units Sold Teaching Kids How To Code, $2m+ Raised with Piper
Disclosure
Goenka: GoPBN spends approximately $500 per month on Facebook ads
“So currently on Facebook ads, we are spending a gross of like 500 dollars approximately.”
Udit Goenka Dec 31, 2018 ▶ 6:57 1255 How This 27 Year Old Went from $0 to $70k in MRR in 6 months
Disclosure
Leong: Initial Facebook ads generated zero paying customers for DevSlopes
“We actually, we didn't get any like paid customers per se, but we did get a lot of clicks and A lot of clicks, a lot of impressions, but the way that we're tracking it, we didn't see any uptick in customers.”
Evan Leong Sep 17, 2017 ▶ 12:04 785: He Makes $500k+ From Udemy Helping You Code
Disclosure
Nova.ai spent zero on paid acquisition before experimenting with Facebook ads
“Just this morning I was setting up literally just prior to this interview, I was setting up our Facebook ads account and our marketing director, he's been all over me on this. He said, let's, you know, do just, you know, do a few thousand a month, you know, le…”
Will Dinkel Mar 13, 2017 ▶ 12:48 EP 597: Nova.ai Passes 100 Customers, $2.2M Raised To Help SDR's Sell More Using AI with CEO Will Dinkel
Assertion Not checkable as stated
Moran: Spent about $2,000 weekly for six weeks on ad campaigns
“We probably did... We did about 2000 a week. For six weeks.”
Siobhan Moran Mar 4, 2016 ▶ 10:15 She Focuses on Energy and Did $1.2m Last Year with Sheevaun Moran Ep 180
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