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 14 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
Stern: Stripe is insufficiently sophisticated for recurring utility billing
“It's just not a sophisticated enough tool for reoccurring payments or someone to pause their payments or someone to process, you know, ongoing water or utility bills.”
Rachel Stern Nov 23, 2023 ▶ 7:15 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Prediction Not checkable as stated
Stern: Raising $6M to $8M will bring Streamline to profitability in 18 months
“Yeah, I think we're looking to raise between six and eight. I think that will allow us to get to profitability in the next 18 months.”
Rachel Stern Nov 23, 2023 ▶ 17:16 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Assertion Not checkable as stated
Stern: Streamline sees a 37% demo conversion rate from calls
“I mean, we have them making between 50 and 65 calls a week. And I would say of that, we have about a 37% translation rate into S-threes.”
Rachel Stern Nov 23, 2023 ▶ 12:23 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Assertion Not checkable as stated
Stern: Streamline achieves a roughly 60% close rate on demos
“And then we have about a 60% close rate on demos.”
Rachel Stern Nov 23, 2023 ▶ 12:40 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Assertion Not checkable as stated
Stern: 20% to 30% of Census special district records are invalid
“About 20 or 30% of the census list Unreachable, whether they'd been dissolved, or didn't have a real phone number, or weren't a real district”
Rachel Stern Nov 23, 2023 ▶ 9:34 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Assertion Not checkable as stated
Stern: Streamline grew revenue 122% over the past year
“We incorporated 18 months ago, and we grew 122% this year.”
Rachel Stern Nov 23, 2023 ▶ 13:32 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Disclosure
Stern: Streamline captures roughly 1% net margin on platform payments
“We are in, we're processing payments tomorrow, and we're keeping about one percent of that.”
Rachel Stern Nov 23, 2023 ▶ 6:54 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Assertion Not checkable as stated
Stern: Streamline was generating $120K to $140K monthly a year ago
“Between, between a 120, a 140.”
Rachel Stern Nov 23, 2023 ▶ 13:44 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Disclosure
Stern: Streamline raised seed round at $14M post-money valuation
“It was a 12 pre-fourteen post.”
Rachel Stern Nov 23, 2023 ▶ 17:04 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Assertion Not checkable as stated
Stern: Streamline surpasses 1,450 special district customers
“We just passed our 1450th customer.”
Rachel Stern Nov 23, 2023 ▶ 7:33 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Disclosure
Stern: Streamline loses large utility deals due to payment processing gaps
“Stripe is a great stock gap for what our districts need right now, but we are losing out on deals like water and utility districts, which are much bigger fish because we can't process sophisticated.”
Rachel Stern Nov 23, 2023 ▶ 8:19 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Assertion Not checkable as stated
Stern: Streamline's average customer pays about $275 per month
“Our average monthly customer is paying us about 275 dollars a month.”
Rachel Stern Nov 23, 2023 ▶ 5:22 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Disclosure
Stern: Streamline raised $2M seed party round in common stock
“We did a seed where we only offered common stock, but did about two million dollars in what we're calling a party round.”
Rachel Stern Nov 23, 2023 ▶ 14:47 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Disclosure
Stern: Streamline is raising Series A with active term sheets
“That was last year, and right now we're raising an A. Okay, interesting. And we have a couple of term sheets in play right now.”
Rachel Stern Nov 23, 2023 ▶ 14:56 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
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