The Ledger

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why aren't all 86 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
Marlin: Microsoft acquiring LinkedIn has zero strategic fit
“I contrast that with Microsoft buying LinkedIn, and I should say that I love LinkedIn. I'm one of the first thousand users of LinkedIn. We use it extensively in my company. I think it's a great service, and yet I think it has zero strategic fit with Microsoft …”
Ken Marlin Feb 5, 2017 ▶ 14:29 EP 561: He Did $1b in 2016 Transactions (Takes on avg 3%) at his M&A Firm Marlin and Associates with CEO Ken Marlin
Assertion Not checkable as stated
Mehrguth: 50% of LinkedIn Industry Targeting Data Is Inaccurate
“So like 99.9% of people who advertise on LinkedIn use the industries to target. You know, I'm talking about when you're running a LinkedIn ad and it's like industry computer software. What I found is 50% of that data is incorrect. And so most of our clients co…”
Garrett Mehrguth Nov 5, 2021 ▶ 14:09 Billion Dollar SaaS Founders Rely on This Secret Sales Strategy
Assertion Not checkable as stated
LinkedIn Sent Simultaneous Cease-and-Desists to Multiple Data Startup CEOs
“There are many CEOs that I'm very close with just through the show that contacted me several days ago that said they all around the same time, you know, got cease and desist letters from LinkedIn, you know, them just trying to protect their data.”
Nathan Latka May 6, 2017 ▶ 8:52 651: Pipl Indexes 3.5B People, How Contact Data Really Works with Advisor Garth Moulton
Opinion
Publicizing a competitor's cease-and-desist is the ultimate startup PR play
“This is the single greatest PR opportunity for a company that is three weeks old. That has ever existed in the history of the world. Because I'll go from a LinkedIn guy to every single Sixth Sense customer knowing exactly what we do at RBDB.”
Adam Robinson Oct 17, 2024 ▶ 7:37 Adam Robinson Shares Profit and Loss, $22m Revenue, Strategy behind Linkedin and Lawsuit
Insight
Siu: LinkedIn throttles frequent personal posts, but not company pages
“On LinkedIn they will throttle you if you're posting many times on your personal page, but they don't throttle you on your company page”
Eric Siu May 12, 2023 ▶ 19:06 SaaS SEO Shortcuts That Drive $10M+ ARR, Building A Media Moat, & More!
Insight
Hyman: Companies without data scientists on LinkedIn are not doing real AI
“And one quick check that I suggest to businesses is go out on LinkedIn and see whether there are any data scientists. If they're not, then there's not really AI going on.”
Barb Hyman May 28, 2022 ▶ 1:27 She Hit $6m Bootstrapped for HR Tool, Will Place 200,000 Candidates This Year
Insight
Mehrguth: Passing LinkedIn gated-content leads to SDRs fails
“Like you download an asset and then you try to send it to an SDR. And the SDR hates your guts because they call them and they've never read the asset before and the timing's not right.”
Garrett Mehrguth Nov 5, 2021 ▶ 4:02 Billion Dollar SaaS Founders Rely on This Secret Sales Strategy
Opinion
Moubeche: LinkedIn groups are terrible due to poor reach
“So LinkedIn groups are terrible. LinkedIn are, they're like so bad with it. Like the rich is, is just very, very sad.”
Guillaume Moubeche Apr 11, 2021 ▶ 25:17 Lemlist CEO Guillaume Moubeche: Gives Employees this bonus when 5x revenue growth target hit
Opinion
Moubeche: LinkedIn groups are terrible for community building due to poor reach
“So LinkedIn groups are terrible. LinkedIn are, they're like so bad with it. Like the reach is, is just very, very sad.”
Guillaume Moubeche Sep 28, 2020 ▶ 24:41 Lemlist Gives Employees This Bonus When 5x Revenue Growth Target Hit
Assertion Not checkable as stated
Adrian Russo: Recruit Locator beats LinkedIn Recruiter on search result count and relevancy
“We have LinkedIn search, which actually provides a more robust search than LinkedIn. We actually have a video out there where we beat, you know, LinkedIn recruiter search results by number and relevancy.”
Adrian Russo Jan 2, 2020 ▶ 3:02 1622 Can You Help This Devleoper Figure Out Distribution in Recruiting Software Space?
Insight
Kenney: Email Remains One of the Most Personal Forms of Digital Communication
“I think it's one of the most personal forms of communication in this day and age where you can get DM'd anywhere. You can get hit up on LinkedIn. Like it's personal. It's literally your home address. So I firmly believe in the future of email.”
Case Kenney Mar 15, 2019 ▶ 1:59 1329 His Product? A Daily Email, 172k Milennial Subscribers and $100k+ in Revenue
Assertion Not checkable as stated
Myers: LinkedIn has only 3% to 5% of Ivy League resumes
“LinkedIn only has about three to five percent of Ivy League resumes on their platform.”
Andrew Myers Feb 22, 2017 ▶ 9:37 EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers
Opinion
Myers: Ripple's platform is already more powerful than LinkedIn for students
“I think I really believe we can build a system that's way more, I mean, it's already way more powerful than what LinkedIn has.”
Andrew Myers Feb 22, 2017 ▶ 4:27 EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers
Assertion Not checkable as stated
Breaz: Bant.io tool pulls email addresses from 70% of LinkedIn profiles
“I would say LinkedIn is one of our main data sources. We've got our own tool that is too much to say plugs into LinkedIn, but it's a software that basically pulls the email addresses off any LinkedIn profile. Well, I would say, 70% of those.”
Andre Brees Jan 18, 2017 ▶ 16:52 EP 543: Bant CEO Hits $32K MRR, Helping Companies Get Higher Quality Leads with CEO Andrei Breaz
Insight
Suter: Standalone relationship apps fail without primary messaging integration
“I think at the end of the day, there's just not room for a third thing, you know, like, I've got the apps that I go to message with people, I've got my CRM and sort of my business stack applications, do I really have room in my life for something in the middle…”
Guy Suter Jan 4, 2017 ▶ 9:05 EP 529: $10m Raised, Pre-Revenue, Notion.ai Adds AI to Email Messaging with Co-Founder Guy Suter
Insight
Hill: Exact dates and team engagement drive customer advocacy on LinkedIn
“Number one is to give them an exact day, Number two, to give them an exact scope. So we'd love to know why you came from MailChimp or why you came from Brevo or ConvertKit to active campaign. So specific day, specific scope, and then some amount of reciprocity…”
Casey Hill Aug 27, 2024 ▶ 4:17 How ActiveCampaign hit $100m ARR on way to $300m
Assertion Not checkable as stated
Lemlist sold Lempod at $600K ARR before LinkedIn banned engagement pods
“We sold that business when it was doing 600 K in annual recurring revenue, and it was right before LinkedIn completely went against the pods and were very aggressive against them, so I don't recommend using pods anymore, even if Lempod is still active from the…”
Kevin Moenne-Loccoz Jun 18, 2024 ▶ 7:58 Lemlist Product Genius Shares Strategy, $23,000,000 in Sales (ARR), No Outside Funding
Assertion Not checkable as stated
LinkedIn direct-incentive conversation ads remain effective even after four years
“This tactic, we've been using it maybe for four years now. It hasn't been exhausted. All of my customers use it. It hasn't been exhausted.”
Gil Allouche May 14, 2024 ▶ 12:57 How I hit $15m ARR using 4 new growth playbooks
Disclosure
Robinson spends $50,000 monthly on LinkedIn audience and video production
“Like, the consultant I use is, 12,500 dollars a month, but we're using it for four people. It's an integral part of our PLG, so I'm paying somebody who works with him 15 grand to manage outbound communication off of my profile, and set meetings, and move peopl…”
Adam Robinson Apr 30, 2024 ▶ 18:39 Was my $22m ARR bootstrapped good enough? I felt pressure to be a unicorn, tried, and failed miserably
Assertion Not checkable as stated
James Ski Closed a $3,000 B2B Deal Originating From TikTok
“A week later, I sold him a package for 3000 dollars. That was directly related because he saw me on TikTok, but he messaged me on LinkedIn.”
James Ski Jun 14, 2023 ▶ 14:08 Why Tiktok is the Best Marketing Channel for Bootstrapped Startups in 2023
Assertion Not checkable as stated
Allouche: Metadata generated 600 monthly demos via incentivized ads
“Last month, 600 demos from this campaign.”
Gil Allouche Nov 5, 2022 ▶ 11:19 How Metadata grew 700% to $15m in Revenue in 24 months while switching from high burn to profitable
Assertion Not checkable as stated
Blagojević: Engagement-based LinkedIn outreach yields 40% to 80% response rates
“This is just some examples you see, like acceptance rate, a minimum of 60%, some of them Close to 90 and response rate. Yeah. Anywhere from 40 to 80%, which is amazing, which is like, usually if you're just reaching out cold, the numbers are much, much worse.”
Vladimir Blagojević Oct 25, 2022 ▶ 16:29 How we use LinkedIn to get 61 inbound 5-figure opportunities in the first year
Insight
Blagojević: Inbound LinkedIn leads take two quarters of consistency to materialize
“The third type of results is inbound, you know, requests, and this starts to happen usually. Let's say after two quarters of being consistent, it's not something that happens quickly.”
Vladimir Blagojević Oct 25, 2022 ▶ 7:20 How we use LinkedIn to get 61 inbound 5-figure opportunities in the first year
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
Assertion Not checkable as stated
Targeting LinkedIn post engagers yields a 70% to 75% connection acceptance rate
“And on average if you decide to use it and want to follow up people on LinkedIn with this strategy it still achieves Kind of a 70, 75% acceptance rate.”
Stefan Smulders Oct 18, 2022 ▶ 28:27 Free Customer Formula: How I grew Expandi from $0 to $7m in 20 months without spending money on ads
Disclosure
Breakcold abandoned Twitter for cold outreach due to poor conversion quality
“Our target audience was not on Twitter, even though we managed to do a lot of impressions there, and so our acquisition channel right now are called emails and LinkedIn”
Arno Belenga May 24, 2022 ▶ 11:36 How he used Twitter to hit $24,000 sales for new SaaS Tool
Assertion Not checkable as stated
Breakcold achieves a 20% response rate on personalized LinkedIn outreach
“I would say. 20%. 20%.”
Arno Belenga May 24, 2022 ▶ 14:15 How he used Twitter to hit $24,000 sales for new SaaS Tool
Insight
Mehrguth: LinkedIn advertising delivers firmographics but lacks buyer intent
“The problem with LinkedIn is it has firmographics, but it doesn't have intent.”
Garrett Mehrguth Nov 5, 2021 ▶ 3:17 Billion Dollar SaaS Founders Rely on This Secret Sales Strategy
Insight
Mehrguth: LinkedIn conversation ads are 70% cheaper than sponsored content
“We don't ever do a bid for less than five dollars, for example, because it's this valuable real estate, and it's about 70% cheaper than sponsored content.”
Garrett Mehrguth Nov 5, 2021 ▶ 6:52 Billion Dollar SaaS Founders Rely on This Secret Sales Strategy
Disclosure
Bradley-Chernis: Managing Facebook and LinkedIn integrations absorbed 75% of Lately's resources
“And that actually, 75% of my headache as far as resources go, is just dealing with Facebook and LinkedIn and all their bullshit, right? And I didn't understand that Lately could actually function and live without that, so it could be an extension of all the ot…”
Kate Bradley-Chernis Oct 29, 2021 ▶ 5:08 How Lately Plans to Break $1m in ARR, Raising Now at $10m Valuation
Assertion Supported
Gupta: Cold LinkedIn DMs average 15% response rates versus 2% for email
“Because the average response rate to a cold LinkedIn DM is something like 15%, while the average response rate to a cold email is something like two percent.”
Sarov Gupta Sep 13, 2021 ▶ 1:57 Linkedin Automation Tool Bootstrapped to $25k/mo From Parents Basement, Big Profits
Disclosure
Expandi is investing profits into new products to reduce its LinkedIn dependency
“Apart in the company bank account, we invested a lot of things in the beginning with our own money, so we took that back as well, and we investing at the moment a lot in in new products, so we hired some additional developers who are focusing on developing new…”
Stefan Smulders Apr 20, 2021 ▶ 22:30 Linkedin Automation Tool Breaks $5m, Grows 5x yoy, Bootstrapped with $1m in Profits
Disclosure
Hager: Clutch has no hiring page, relying exclusively on inbound talent
“So we don't have a hiring page on our website at all. Everybody who has joined has had to reach out to me via LinkedIn or something else.”
Matthew Hager Nov 28, 2020 ▶ 10:35 Front End As a Service, I Predict They'll Be $100m Within 3 Years
Assertion Not checkable as stated
Wooly reached $2M in revenue with zero paid marketing spend
“We, I use LinkedIn and we have done zero marketing.”
Scott Paul Jul 10, 2020 ▶ 20:58 Wooly Hits 80 Customers, $2m Revenue Helping Brands Turn Customers Into Ambassadors
Assertion Not checkable as stated
Phil Strazzulla claims his platform offers lower CPA than G2 and LinkedIn
“Your CPC, your CPA is much lower relative to AdWords, LinkedIn, Capterra, G two, sort of all the best alternatives.”
Phil Strazzulla Jun 9, 2020 ▶ 9:15 "Ex VC Bootstrapping New G2 Competitor, 24 Customers, $12k MRR "
Opinion
Bice: LinkedIn for B2B is what Facebook was for B2C
“So if you're in B to B, you know, LinkedIn, this is like Facebook was in B to C 10 years ago. I mean, it's just it's an open area. The growth is tremendous. You know, it is the place to be if you want to grow in B to B.”
Bill Bice May 30, 2020 ▶ 12:48 BoomTime.com: Hit $2.8m in Revenues, First 100 Customers From Linkedin
Insight
Bice: B2B companies only need a website, LinkedIn, and email
“You can create real growth out of just three channels in B to B. You've got your website, LinkedIn and email. You tie those together, understand the customer journey. You've got the whole model of what you need in order to grow your business.”
Bill Bice May 30, 2020 ▶ 13:37 BoomTime.com: Hit $2.8m in Revenues, First 100 Customers From Linkedin
Opinion
Microsoft and LinkedIn dwarf all other sales solution providers combined
“And, like, in our space, Microsoft is the big player. And so all of us combined Have nothing on on the size and scope of LinkedIn and Microsoft as a sales solutions provider. And so I view Microsoft as the 800 pound gorilla, and then there's a whole sort of li…”
Henry Schuck Sep 19, 2019 ▶ 7:05 1517 How $165M ARR DiscoverOrg Sales Operation Works
Assertion Not checkable as stated
Girard: Fruit Street Raises $200K Monthly From Doctors via LinkedIn
“And so if you looked at a 48 month graph of the company, which is how old we are we've raised a little bit over 200,000 dollars per month from physicians just through crowdfunding and LinkedIn advertising.”
Lawrence Girard Jan 7, 2019 ▶ 3:45 1262 200 Physicians Have Invested $6m Into This Company at $30m Valuation
Opinion
Job board consolidation leaves employers with only a handful of vendors
“The consolidation of this of this job board industry is, is a little bit scary for employers though, because, you know, they really only have like a handful of people to choose from these days. So you know, the employers, they have to advertise either with, yo…”
Max Armbruster Nov 7, 2018 ▶ 13:41 1201 How he sold customers before hiring first head of engineering
Opinion
Teshima: LinkedIn lacks data on connection strength
“And LinkedIn's great. Don't get me wrong. It's a fantastic business network. It just doesn't have the strength of connection.”
Paul Teshima Sep 10, 2018 ▶ 6:36 1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised
Assertion Not checkable as stated
Cabrera: LinkedIn and Salesforce run all sales compensation through Xactly
“LinkedIn, Salesforce.com, you know, they, these companies pay a hundred percent of their sales forces using our tool.”
Chris Cabrera Sep 9, 2018 ▶ 4:56 1142 Why went public, then sold to Vista for $564m on $100m in ARR
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
Disclosure
Lamson says JazzHR would reject a $24M acquisition offer
“No.”
Pete Lamson Dec 13, 2017 ▶ 18:51 The "GiftCard Trick" to $6m in ARR
Prediction Not checkable as stated
LinkedIn's Rich Professional Data Ensures Its Place in B2B Ad Budgets
“What's so rad about LinkedIn is that data set that they have. I mean, they know skills, they know the content you're interested in, they know your job history, they know your education, they know the people that you network with. So you can imagine from an adv…”
Chris Mann Sep 23, 2017 ▶ 5:29 791: BrightFunnel Marketing Tech Passes $3m ARR, 70 Customers
Prediction Held up
LinkedIn's Ad Scale Will Never Match Facebook Due to Audience Focus
“From the scale standpoint, no, you know, like it's a B to B focused audience. The audience of professionals that they go after are, you know, high talent, high income professionals. So, you know, as opposed to janitors on the far end of the spectrum, you know,…”
Chris Mann Sep 23, 2017 ▶ 4:56 791: BrightFunnel Marketing Tech Passes $3m ARR, 70 Customers
Insight
Ad Platforms Like LinkedIn and Facebook Cannot Grade Their Own Attribution
“You need to have kind of a Switzerland, if you will, for doing attribution or marketing measurement where, you know, LinkedIn should not be the company that you go to have them prove the value of their advertising.”
Chris Mann Sep 23, 2017 ▶ 7:09 791: BrightFunnel Marketing Tech Passes $3m ARR, 70 Customers
Prediction Not checkable as stated
Candito: Enterprise CRM will be a tight race between Salesforce and Microsoft
“I think there's a lot of technology tied to the Related IQ acquisition. That makes that a pretty exciting play, and I have not taken my eye off what LinkedIn and Microsoft are going to be able to do together, where I've heard some good things about Dynamics, s…”
Nick Candito Aug 30, 2017 ▶ 1:53 767: With $10M Raised Will They Be Sytem of Record for Your COO?
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