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.
why aren't all 2,044 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
Donovan: Rule of 40 SaaS valuation premium increased from 1.5x to 2x
“If you were to take all the data that's in the 20, the zero, the under zero to up to 40, and then compare that to the over 40, it was about 1.5 x higher for the people who were over 40 before. And now it's two x higher if you're over 40.”
Donovan: Free cash flow margin explains 40% of SaaS valuation multiples
“40% of the variation in Multiple can be explained by variation in free cash flow margin.”
Martin: Stanford study showed remote workers have 50% lower attrition
“And the craziest study, this is 16,000 subjects out of Stanford over a nine month period, identified that remote workers have an attrition rate that is 50% lower than their on-premise counterparts.”
Senior engineers in New Delhi cost $35K to $40K annually
“Senior engineer at about like four to six years of experience... Roughly 35 to 40,000 dollars a year.”
Asim: Tyler Technologies built a notification product to compete with eCorte
“The biggest company within this space is is really an elephant named Tyler Tech, a multi-billion dollar primarily government software company based in Texas, and they don't really like us. So they actually built out a product To kind of compete with us, their …”
VideaHealth's AI Algorithm Reduces Missed Cavities by 43%
“In our clinical study, we have shown that we reduced the missed cavities by 43%, which is huge, right? But at the same time, we reduced the errors by 15%.”
Liu: Magic Eden became world's second-largest NFT marketplace in seven months
“We started magic Eden seven months ago in that time we've become the second largest NFT marketplace in the world.”
Porter: Salesloft will double ARR to $100M next year
“We'll hit a hundred million next year, sitting around the fifty million mark, growing a hundred percent, a 120% net expansion.”
Isilay: Cognism will reach $20M ARR by end of next year
“And we should finish this year at 11.5, and then next year, you know, I'm certain with the kind of metrics that we've got that we'll get, but we'll be at 20 at the end of next year.”
Jackson: Braintrust has a fixed, dilution-proof 250M token supply cap
“It's locked into our smart contract that we have a fixed supply, two hundred fifty million tokens, which is interesting, right? Because you can never be diluted, right? It's dilution proof.”
Jackson: Braintrust fee converter buys BTRST on open market with enterprise fees
“Last week, there was a community protocol upgrade where the community basically said, hey, that 10% fee collected from clients in cash needs to be paid in brain trust token. The community developed a new smart contract called the fee converter, which takes US …”
German ESOP norms typically force founders to absorb all initial dilution
“So we made one with 15% of the original cap table at the beginning, which is again, which we also found and which we're changing now is that for some reason, it's very typical in Germany that you set it up that the original visa goes only towards the founder p…”
Yampolskiy: Companies with bad ratings are 7x more breach-prone
“We've demonstrated historically that companies with a bad score have a seven times higher likelihood than companies with a good score to suffer a data breach.”
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.”
Latka: Many SaaS Companies Running AppSumo Deals Go Out of Business
“There's many SaaS companies, by the way, that have done AppSumo deals That have gone out of business.”
Lunawat: Adam Neumann is an investor in PropTech startup Rumor
“There were a bunch of other investors, pretty high profile names as well. One of them was Adam Neumann, the former founder of WeWork.”
ConvertKit's first eight years of revenue grew faster than Mailchimp's
“When I look at the curve that I'm on with ConvertKit, and if, and the curve that MailChimp did, if we were to overlay those two, ConvertKit is far ahead. Like if we put the start date of the two of them, ConvertKit is far ahead on that curve than MailChimp was…”
Bean: The vast majority of Divvy's revenue comes from interchange fees
“Almost, almost all I would say majority of that is on interchange.”
Copy.ai reached $1M+ ARR using a hacked-together Webflow front-end
“The back end, like single messy long file. The front end is a hacked together work web flow site that's made into a web app. Literally like it's rock bottom as far as product can get. So it's only up from here. So what we're working on right now, no offense to…”
Prediction (Apr 2021): COVID-19 cases will drop very quickly
“COVID is going to drop obviously very quickly over the next couple of months.”
De Villa: SAP's Net Promoter Score is 4
“The net promoter score of SAP is four, like not 40, four. It's four.”
Amazon ruthlessly cloned Square's card reader and undercut its price
“Amazon came after us in a way that was terrifying. They copied our product, they undercut our price, and they added the Amazon brand name to that, along with some customer support that we at the time didn't have.”
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…”
Flock Freight's SoftBank round valued the company under $1 billion
“South of a billion dollar valuation.”
FanDuel founders left the company without liquidity before starting new ventures
“We all left FanDuel way before we started new companies. Let me put it that way. Okay. This was not oh, there's a shiny bright new thing over there that I want to go and do. That was not this case. And we didn't take any liquidity from the company.”
Singh: Vid Camera Raised Over $20M in Token Sale
“So then the token sales raise well over twenty million private and public people like Ontology, NGC, a lot of big funds have come into the token sale.”
Lewis: 30% of prospective smart speaker buyers abstain over privacy
“The 30% of the people who are interested in buying a smart speaker have not done so because of privacy concerns.”
Santalo: Leaving Bubble requires completely rebuilding applications from scratch
“Bubble's a great platform, but if you ever need to get off of it cause it's not scaling or whatever, you're gonna have to rebuild the whole thing.”
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…”
Freightos commands 30% of global air freight volume
“We have about a 1500, but we have most of the big ones, so. Although it may sound like we have 15% of the market, by volume we have 30%.”
BounceX will end 2020 well north of $100M in revenue
“We'll, we'll end the year well north of a hundred million.”
US welfare recipients often face effective marginal tax rates over 100 percent
“You have zero work incentive because you start working, you lose all your welfare, but you only make a little bit of money. So the taxes that you effectively face, people who are on welfare today often face tax rates that are above a hundred percent. So like i…”
Trust & Will executed the first US electronic will in 2019
“And then we have our kind of history defining milestone was last year in January, we did the first electronic will in history, US history, which means digital signature, digital notary, digital storage of documents.”
Volset: Wall Street will eventually securitize bootstrapped SaaS cash flows
“I think people don't really fundamentally understand the fructibility and like the amazingness of these cashflow businesses once they get to a certain scale. And I think someone smart will end up like securitizing and packaging those type of cashflow.”
Volset: Less than 7% of software acquisitions get mainstream press coverage
“I looked at the, like, 3000 software acquisitions being done in the last three years, and I said, okay, how many of those companies are how many of those companies get mainstream tech press mention when they get sold? And it's less than seven percent.”
Santens: 1970s Gary guaranteed income experiment boosted homeownership by 26%
“In Gary, Indiana, and that experiment, we saw that there was a large increase in homeownership. So people use that money and they use that to buy homes. It actually increased homeownership by 26%.”
Santens: Every dollar in Canada's Child Benefit increases GDP by two dollars
“Every dollar distributed actually increases GDP by two dollars.”
Jonathan Herzog claims 94% of Americans would benefit from VAT-funded UBI
“If you spend less than a 120,000 dollars a year on stuff, Then you are so much better off, and that's basically 94% of all people in the United States, because there's money coming in from oxygen in the system, from all the transactions, all the production, al…”
Booth: $185T in Global Debt Generated Only $46T of GDP Growth
“Over a 185 trillion dollars has been added to global debt in the last 20 years to produce 46 trillion dollars of economic return in GDP.”
Pysh: 2020 Fed printing simply returns central banks to post-2008 trendline
“So when you look at this chart and you look at all the printing that they've done just in the last month, that line takes you straight back up to the, if you were going to plot all these balance sheets together where you had this nice linear line that was just…”
Pysh: Federal Reserve monetary expansion forced the 1971 gold standard exit
“The Fed was basically adjusting their money multiplier that was putting more and more money into the system, which then got to the point by 71 that if all these countries said, hey, we want our claim to gold for how much this piece of paper represents, the US …”
Pysh: Governments will soon start bailing out municipalities
“They're going to start bailing out all the municipalities. And that's the one people aren't even ready for is you're going to start having those.”
Pysh: US direct voter payouts and UBI will continue for at least a year
“True. If I'm gonna just say true or false, true.”
Yanowitz: Stimulus will cause equities, Bitcoin, and gold to rip
“When you get a ton of like stimulus, well, the equity market's going to pump. It's not just, I, you know, I think Bitcoin's going to go up. I think gold's going to go up, but I think the equity market's going to absolutely rip.”
Schwab report: Grayscale Bitcoin Trust is a top five millennial holding
“Charles Schwab put out an interesting report. It was like, it showed the baby boomers, their top 10 holdings, Gen X, their top 10 holdings and millennials, their top 10 holdings. Well in the top 10 holdings for all three of those classes, you had Amazon, you h…”