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 15,480 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 52 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
Latka: ClearBank Revenue Financing Carries an Effective APR of 24%
“So a deal from ClearBank is going to look something like one X your monthly revenues on a two month Term with an interest rate of two percent per month, right? I mean, and that's on the bottom side. That's a 24% APR essentially. That's expensive.”
Competitor Proof copied FOMO's entire terms of service word for word
“Proof, like copy pasted our entire terms of service word for word.”
Santens: A $1,000 monthly UBI for US citizens costs $3 trillion gross
“So if you do that, and then if you're going to do a thousand dollars per month per person, and you're going to go to citizens in the United States, then it's a little over three trillion dollars. That's the gross cost.”
Jonathan Herzog claims opponent Lindsay Boylan's ballot signatures were 80% invalid
“So we actually found about an 80% invalidity rate going line by line because most of them were collected in the Bronx or Queens.”
Pompliano: Top asset managers reject public pension capital to avoid FOIA requests
“Unfortunately in most of the cases, the best asset management firms have not taken public pension money. Because they're scared of the freedom of information act request. And so therefore they don't have the people who need it the most, the police officers, th…”
RedSeal's enterprise and government clients are experiencing foreign cyber interference
“I actually have customers that are dealing with some of this international interference and we're seeing it in their, they're seeing it in their networks commercial and government.”
VCs blocked Steve Cody from firing a leadership team executive
“There was one person on our team that I thought should leave the team that was in a leadership position. The VCs wouldn't let me get rid of them.”
Corrigan: Summit Sync acquires 650 to 750 customers weekly
“Yeah, so we're gaining, we are acquiring about 650 to 750 new customers every week.”
Corrigan: Summit Sync reached a $27M annual run rate in 2018
“It was about twenty seven million, by the way. It wasn't 30.”
Arison: Shift's pre-IPO unit economics are much stronger than Carvana's were
“Our unit economics generally have been a lot stronger than theirs were prior to IPO.”
Perfect Cloud's fully weighted CAC is just $150 to $200
“Probably about a 150 to 200 dollars based on what we have been spending for new customer acquisitions so far.”
Cisco: Meet Select has 200x more exclusive benefits than Amex
“We have more exclusive benefits than them by a magnitude of over 200. So over 200 times as many benefits.”
Nathan: Altizon sees zero churn because connected industrial machines never leave
“Oh, churn is zero because in industrial assets, one of the good sides of this is while the growth may be linear, the actual machines, once you get a machine connected on the platform, it never goes away. So the first asset we got connected five years ago conti…”
Saarenvirta: Daisy Intelligence has delivered 10x ROI for all customers
“And for us, if we don't deliver 10 times that return, we tell our customers we're going to quit and move on because we're really selling net income growth is what Daisy sells. And we've been able to do that so far with all of our customers.”
Airbnb's Smart Pricing algorithm underprices rental properties by 20% to 25%
“Our general kind of analysis shows that, you know, they're underpricing properties by about 20 to 25%.”
SuiteCRM matches all Salesforce features without licensing fees
“The alternative is to take a, an open source CRM like SweetCRM that SalesJilish provides. It does everything that Salesforce does, but the code is open.”
Sole Investor Graham Wood Currently Owns 100% of Shorthand
“No, he owns, so, so at the moment, he owns actually the whole company.”
CoreLogic charges at least $350k per year for full geographic property data
“Once you start looking beyond what just single family homes look like and providing one report at a time and you start looking at full geographies there is just not a good solution to be able to provide this that costs less than 350 grand a year from CoreLogic…”
Myers: RippleMatch outperforms human recruiters, noting Google's 1,000-person sourcing team
“Google alone employs a thousand internal sourcers, and we are matching at a more effective rate than the average human recruiter, and it's, you know, all tech-driven, so that's been really powerful, and I think a lot of why those early results have been good.”
Wang: Stratify has maintained zero customer churn across all enterprise clients
“Our trend is zero because our, it's not a typical fast test where enterprise test. So every turn here, give me a heart attack. So we keep we have a good customer success team so that so far with all the customer we have, there's zero trends.”
Lee: ProsperWorks is the fastest-growing CRM in the world
“We are the fastest growing CRM company in the world at this moment.”
87% of ProsperWorks users engage with the product daily
“And I will tell you that the one thing that makes ProsperWorks very unique compared to all CRMs is that 87% of our licenses use ProsperWorks every day. Every day, including the weekend.”
Salesforce churns 3% to 9% of annual revenue, estimates John Lee
“Salesforce is churning anywhere from three to nine percent of the revenue a year on a twelve billion dollar business.”
Any.do claims retention is 5 to 10x higher than competitors
“I can say that from benchmark tests that we've had, both from, you know, third parties, like SimilarWeb, or even Google gave us some data, we have about five to 10 X the retention of our competitors, like day seven, day 30, day one. No, day one, no, but like d…”
Levin: SEMrush net retention tops 100%, a rarity for SEO tools
“So so that's slightly above hundred percent, which is yet again, really unseen in our industry.”
Aperture claims 55% unlevered IRR with a zero loss rate
“The trades we make are all profitable. We have zero loss rate and we have 55% unlevered IRRs, but .”
Bootstrapped 30-person Shopper Approved competes against $100M-backed Trustpilot and Yotpo
“We're less than 30, which is kind of cool because like Trustpilot and Yotpo, they've had over a hundred million in BC and they have between 300 to 500 employees and we have less than 30 and we're giving, we're neck and neck with them.”
Lynde: 90% of businesses in typical compiler databases have no employees
“Well, if you, the dirty little secret about this business is that 90% of those are non-employer based companies. And companies that are selling B to B services to another company certainly don't want to target other companies with no employees.”
Unlike competitors using Twilio, Dial Source built its own proprietary carrier network
“Because other technologies have integrated the telephony and a large component of that is whether they're using something like Twilio to integrate the telephony into Salesforce. They can't control the actual ecosystem since we designed our own hardware and our…”
VC offered term sheet on condition founder fire his dad and sister
“I was in his office and he offered to sign a term sheet with me, but he had one provision. He wanted me to fire my sister and my dad.”
Osetek: Intermediaries Take 50% to 70% of Programmatic Ad Dollars
“So, you know, across the, what I call across the Luma scape, when you go from the brand all the way to the other end of the spectrum, the publisher, there's DSPs, SSPs, there's like six intermediaries involved, and they're all taking a cut where a couple of di…”
Dangelmaier: BlueSnap achieves higher global transaction approval rates than Stripe
“Where we differ from Stripe is we're much more global, so we actually have many banks around the world so we can actually help transactions get through at a higher rate than Stripe does.”
Lee: Litecoin launched with zero pre-mine or founder token allocation
“Well, I created Litecoin, but I didn't, like, pre-mine coins. I didn't create coins for myself, right? I had to mine the Litecoins or buy the Litecoins off exchange just like anyone else.”
Russo: VCs rejected him for portfolio CEO roles at age 44
“I was too old. I was 44 years old. They were looking for twenty-something guys to run their companies.”
Future captures 50% of the global large enterprise law firm market
“50% of any large enterprise law firm anywhere in the world uses future and the same sort of figures for kind of accounting or you know, commercial real estate, other, other types of similar nature businesses.”
Tradeshift has never lost a customer after go-live
“We never, ever lost a customer that got on live.”
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”
Kwon: Tendermint Secures Distributed Ledgers Without Energy-Intensive Mining
“Tendermint, Tendermint is a replacement. It's an alternative to proof of work. It's a way to have a secure distributed ledger without having to Burn energy to try to win a lottery ticket.”
Austin: Branch lured Pinterest, Airbnb, and Etsy from Yozio, forcing its shutdown
“There was a company in our space when we first started that actually had Pinterest, Airbnb, and Etsy using them. When we had just launched literally brand new, super buggy product within a year and a half, all those companies were using us and that company had…”
Austin: Google put 300 sales reps on Firebase Dynamic Links before effort stalled
“Then they threw 300 sales and marketing people at this product with the sole objective of pushing Firebase, deep linking, and replacing branch. So every single one of our customers got an email from somebody at Google. All of our pipeline got it. Like they wen…”
Glueck: Foursquare check-in volume is higher than two or four years ago
“We do more check-ins today than we did two years ago, or four years ago.”
Di Iorio: Ether was never meant to be a coin or currency
“It was never meant as a coin or as a currency. It was meant as a fuel or product to incentivize people to contribute resources into the network.”
Di Iorio: Banks hire crypto consultants but refuse them bank accounts
“You have banks that don't want to set up bank accounts for Bitcoin companies because they're scared. Or they're scared because of the compliance thing. And we're saying, well, you're hiring us banks to consult with you about the technology you're funding compa…”
Kineshanko: Blockchain activity can be traced to identify specific users
“Well, you can actually track activity on the blockchain quite nicely because it's all open source.
So it's a bit tricky to figure out who's doing what, because people can have, you know, you or I could create wallets, numerous wallets and do stuff with those.…”