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.

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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

Assertion Contradicted
Siddhar: $50 Per Eight-Minute Answer Beats Traditional Expert Hourly Rates
“The average time that you spend asking a question is eight minutes. And if you make 50 dollars in eight minutes is more than any other expert networks paying experts in an hourly basis.”
Cenk Siddhar Feb 23, 2022 ▶ 6:03 Ask Experts Anything Marketplace Did $1.5m Last Year, 20,000 Experts Paid, 80 Customers, $5.5m Raised
Assertion Not checkable as stated
Ashokan: Real estate agents stay with brokerages for an average of 3 years
“The average churn rate in this industry inherently is really good because it's every agent stays with a brokerage for two or three years. The average being three years, the only agents who churn are the agents who give up on real estate completely.”
Biju Ashokan Feb 22, 2022 ▶ 16:38 The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
Assertion Not checkable as stated
Brakey: ConnectWise struggled for 18 months after private equity acquisition
“Well, it was connect wise had a major problem when they had a major investor committed by the company and it took them about maybe a year and a half to really recover from that.”
John Brakey Feb 18, 2022 ▶ 11:49 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Assertion Not publicly verifiable
UK police took 30,000 taxi rides in 2019 moving USB drives
“There's a police force in the UK that in 2019 made 30 to 32,000 taxi rides, moving content on memory stick from one place to another.”
Philip Brodeur Feb 12, 2022 ▶ 15:27 Whitelabel Frame.io Competitor Hits $1.2m in Revenue, Very Capital Efficient
Assertion Contradicted
Twitter bought Crashlytics for 'well over' $100M, correcting $38M reports
“It was yeah, it wasn't 38. It was over a hundred, well over a hundred.”
Jeff Seibert Feb 10, 2022 ▶ 7:58 Digits Wants to Replace Quickbooks, $30m Raised, 4 years of Building Distribution, Launch is Next
Assertion Not checkable as stated
Hayes: 80% of active Fanbase users have earned money on the platform
“80% of the people that have actually used the app have actually made money.”
Isaac Hayes III Jan 26, 2022 ▶ 5:41 Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume
Assertion Contradicted
Hayes: StartEngine does not require companies to list all revenue
“No, we don't have to always, we don't have to list all of our revenue on Start Engine. You don't have to do that.”
Isaac Hayes III Jan 26, 2022 ▶ 20:17 Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume
Assertion Not checkable as stated
Dickinson: Major API security firms secretly rely on heavy customer guidance
“So there's a significant amount of guiding right now that all of the major API security firms are doing. And if you talk to them privately, everyone acknowledges this.”
Rob Dickinson Jan 22, 2022 ▶ 4:45 Resurface Hits $120k MRR To Protect your API Endpoints
Assertion Not checkable as stated
Colley claims Pulse predicts ad emotional reactions with 97% accuracy
“On predicting the outcome of emotional responses to creative content. So when someone is publishing a piece of content, are they going to feel angry about it? Are they going to feel sad about it? Confused? Unhappy? How many people are going to engage with it? …”
Joe Colley Jan 21, 2022 ▶ 1:48 His SaaS Will Be Huge Because of $1m+ Agency With Ready To Go Customers
Assertion Not checkable as stated
Colley claims Pulse uses quantum computation to process marketing data
“The tech stack that we have behind this has meant that we've had to deploy some quantum computation elements as well and a variety of other facets to the product in the backend to handle these vast quantities of data that we have.”
Joe Colley Jan 21, 2022 ▶ 5:00 His SaaS Will Be Huge Because of $1m+ Agency With Ready To Go Customers
Assertion Not checkable as stated
Munford: Trulioo operates at Rule of 120 and is profitable
“When you're the rule of, I think we're world one 20. So, so we are not a company that needed the money to fund operations. We're a profitable, high growth company.”
Steve Munford Jan 16, 2022 ▶ 9:52 Profitable SaaS Hits $100m Revenue, $1.7b Valuation in Digital Identity Space
Assertion Not checkable as stated
Munford: Trulioo Net Dollar Retention Ranges Between 150% and 200%
“We're approaching, we always range between one-fifty and 200.”
Steve Munford Jan 16, 2022 ▶ 16:05 Profitable SaaS Hits $100m Revenue, $1.7b Valuation in Digital Identity Space
Assertion Supported
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…”
Sven Lackinger Jan 13, 2022 ▶ 10:59 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Assertion Not checkable as stated
One new customer drove half of OzoneTel's $3M year-over-year growth
“Well, because you remember I said that last year we were at seven million and then this year we're doing ten million out of that, the half of it came from this new customer.”
Chaitanya Chakareti Jan 5, 2022 ▶ 16:11 Bootstrapped to $10m in India, Now Raising to Introduce Call Center Software to US
Assertion Not publicly verifiable
Clair Labs detects 95% of COPD hospitalizations seven to eight days early
“What we are showing is Is that we are raising the, an accurate alarm flag seven to eight days before very, I mean, in very high rates, like 95%, ok? 95% of the hospitalization cases of the clinical trials of the sample we sampled. We are showing a very obvious…”
Adi Berenson Dec 28, 2021 ▶ 9:39 HealthTech Device Prevents COPD Patients from Hospital Visits, $9m Raised, 50 Devices Shipped
Assertion Not checkable as stated
Schneider: Enterprise customers utilize thousands of distinct business SaaS tools
“In reality, people will always talk to you about two, three, maybe four, one for CRM, one for finance, one for marketing, and maybe one for HR. But when we go and talk to customer, they have thousands of tools.”
Benny Schneider Dec 27, 2021 ▶ 4:27 $70m Raised with just $10k in MRR? Can this Devops for SalesOps tool Grow Into Lofty Valuation?
Assertion Contradicted
Schneider: Salto syncs SaaS configurations, whereas Zapier just moves data
“If you think about Zapier that you just mentioned, they are connecting more the data at Move. We are connecting the configuration of all those tools, and we are synchronizing the configuration. So if you think about this, there are three parts here. There is t…”
Benny Schneider Dec 27, 2021 ▶ 19:16 $70m Raised with just $10k in MRR? Can this Devops for SalesOps tool Grow Into Lofty Valuation?
Assertion Not checkable as stated
Simons: Over 60% of SoloSuit customers have debt collection cases dismissed
“Around like 60%, even more of the time, Customers cases get dismissed, and they actually win their case just by filing an answer.”
George Simons Dec 14, 2021 ▶ 2:52 SoloSuit Makes $80k/mo Helping Consumers Fight Bank Debt Collectors
Assertion Not checkable as stated
Mindee has zero logo churn, claims CEO Jonathan Grunpion
“We have no logo churn and a very strong native function rate.”
Jonathan Grunpion Dec 7, 2021 ▶ 4:04 Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A
Assertion Not checkable as stated
Mindee achieves 200% to 250% net dollar retention after year one
“It's between 202 150 persons after one year.”
Jonathan Grunpion Dec 7, 2021 ▶ 4:54 Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A
Assertion Not checkable as stated
Under 4% of CrawlQ's AppSumo buyers convert to monthly subscriptions
“That percent is quite low at this moment. It's not more than three or four percent to be honest with you.”
Harish Kumar Dec 6, 2021 ▶ 6:19 Bootstrapper Hits $88k MRR In Under 12 Months, Mortgages House Twice
Assertion Not checkable as stated
Kumar claims CrawlQ generates $80k in monthly net profit on $88k MRR
“Oh yes. Yes. That's, that will be true number. What I was saying, whatever I have invested, I was also trying to take away from the profit and get the breakeven.”
Harish Kumar Dec 6, 2021 ▶ 14:06 Bootstrapper Hits $88k MRR In Under 12 Months, Mortgages House Twice
Assertion Not checkable as stated
Package.ai claims it has experienced zero customer churn to date
“We've had zero churn today. So, you know, no customers left us.”
Ziv Foss Dec 4, 2021 ▶ 18:07 $1.4m ARR Furniture Delivery Chatbot Company Growing 200% YoY, Raising $5m Now
Assertion Not checkable as stated
Miles: Salad network reaches over 70 petaflops in compute capacity
“A little over 70 petaflops, if that means anything to you.”
Bob Miles Nov 26, 2021 ▶ 3:41 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Supported
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.”
Alex Yampolskiy Nov 22, 2021 ▶ 2:51 SecurityScorecard Breaks $71m ARR, 1700 Customers, $200m in Bank to Fuel Product Expansion
Assertion Contradicted
Yang: Yva.ai is probably only HR tool integrating collaboration sources
“We are the only company in the world, probably, at least I don't know anyone else, who connects system to collaboration sources like Microsoft Teams, Select, Jira, GitHub, and other collaboration circles.”
David Yang Nov 11, 2021 ▶ 13:58 Yva.ai Targeting $8m Raise for HR Tech Tool Competing with 15Five
Assertion Partly supported
Issuu raised a $30 million Series C entirely as non-dilutive debt
“All of it was debt. Yep. And the way it works is, you know, there's essentially no dilution. So it's really good for the team and really good for the company.”
Joe Hyrkin Nov 3, 2021 ▶ 12:22 Issuu Breaks 40k Brands, $30m ARR, Paying to Manage and Distribute Content
Assertion Not checkable as stated
Adhav: Leasecake Reached Zero Gross Customer and Revenue Churn
“Correct. Right. No customer churn, no revenue churn.”
Taj Adhav Oct 28, 2021 ▶ 15:53 Leasecake Helps Companies Manage Leases, Breaks $1m in ARR
Assertion Not checkable as stated
Gibby: Customers do not churn once integrated into enterprise tech stacks
“The way we work now with customers is, you know, once we're a part of their tax, their tech stack, they don't leave, you know.”
Tom Gibby Oct 12, 2021 ▶ 7:10 Bot Building SaaS Hits $1.2m ARR With Just $300k Raised
Assertion Not checkable as stated
Fuller: FreightWaves has zero CAC, funding R&D with media profits
“The nice thing is our customer acquisition is, is effectively zero or negative. So we have no capital tied up in direct customer acquisition. All of our capital is tied up in R&D and product.”
Craig Fuller Oct 11, 2021 ▶ 8:39 FreightWaves Hits $30m Revenue, Spends No Money on CAC, Media Business Winning
Assertion Not checkable as stated
Fuller: FreightWaves grows 90% year-over-year while operating cash neutral
“So we're a company that doesn't burn capital. We're basically cash neutral. And we're still growing, you know, 90% on a year-over-year basis.”
Craig Fuller Oct 11, 2021 ▶ 18:20 FreightWaves Hits $30m Revenue, Spends No Money on CAC, Media Business Winning
Assertion Not checkable as stated
Tiger Global Offered Chili Piper a $33M Series B on First Call
“So unsolicited in March, we got an interest from Tiger Global. I got on a call with John Curtis and literally he made the offer on the fly. The later the evening with a term sheet two weeks later with the money for a thirty three million be around.”
Nicolas Vandenberghe Sep 14, 2021 ▶ 2:58 ChiliPiper Meeting Tool Hits $12m Run Rate, Approaching Unicorn Status
Assertion Not publicly verifiable
Fletcher: Convertri offers fastest funnel page speeds short of custom builds
“And we're still the fastest loading pages. Like, I think you can beat us like what one agency beat us, but like, but they spent like 10 grand on a single page. But like anything short of that, like you can't beat up page load speeds”
Andy Fletcher Sep 11, 2021 ▶ 1:29 How Funnel-Builder SaaS Convertri Used Affiliates to Hit $1.5m in ARR Without Raising Capital
Assertion Supported
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.”
Chris Baden Sep 7, 2021 ▶ 8:57 FlowChat Goes From $0 to $40k MRR in 4 Months Using 1 Tactic
Assertion Contradicted
Britton: All market research competitors must buy users from programmatic platforms
“We own the app. We own the brand. We own the users. Every other company actually has to buy users from a programmatic audience platform. If they want to provide an audience, we were almost, we have a vertical model.”
Matt Britton Aug 30, 2021 ▶ 15:56 CPG User Research SaaS Suzy Hits $40m ARR, Flirts with $500m Valuation, IPO Next?
Assertion Supported
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.”
Nathan Latka Aug 29, 2021 ▶ 13:20 Webboss Raised $500k on $1m Vlauation in 2015. Where are they now?
Assertion Not checkable as stated
Founders paid more to buy back CustomerHub than Keap originally paid
“They bought it for us for cheaper.”
Kyle Lovett Aug 26, 2021 ▶ 8:45 Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR
Assertion Not checkable as stated
Maxwell: HR service agencies trade at 2.5x to 5x revenue multiples
“Typically companies like us trade anywhere from two and a half times revenue to, you know, five times revenue.”
Jason Maxwell Aug 22, 2021 ▶ 12:28 Gusto Killed Their $3m Business, Pivoted to $7.8m ATS Business in HR Tech Space
Assertion Not checkable as stated
CleanConnect.ai generates over $100,000 in monthly recurring revenue
“We're, no, we're six figures.”
Mark Smith Aug 20, 2021 ▶ 6:52 Oil and Gas ESG SaaS Hits $1.2m ARR in 12 Months, $5m Raise Next?
Assertion Not checkable as stated
Goodwin: Reviews.io uses 30-day subscriptions while competitors lock customers in
“We're very much a non-contracted rolling, thirty-day subscription where some of our competitors are very fixed contract, you know, sort of three, five years, lock in, very hard to get out of.”
Tom Goodwin Aug 16, 2021 ▶ 3:22 Reviews.io Breaks $10m ARR Bootstrapped, Growing 150% YoY
Assertion Open · timeframe Aug 2021
Latka: Educo shut down six months after AppSumo lifetime promotion
“Educo is a good example of this. Came on, was bragging about how he made all this money on AppSumo, and he shuts down the company six months later.”
Nathan Latka Aug 14, 2021 ▶ 16:08 20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool
Assertion Supported
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.”
Kunal Lunawat Aug 3, 2021 ▶ 11:34 $500k Consulting to $45m Prop Tech VC Fund
Assertion Not checkable as stated
Fisher: Dispensary ATMs Can Be 15x More Profitable Than Regular ATMs
“And the funny side point to that is you put an ATM in a cannabis, cannabis dispensary because they're so cash based. Hopefully you don't rig people over the coals with fees, but they can be very lucrative about 15 times the profitability as a regular ATM.”
Justin Fisher Jul 17, 2021 ▶ 2:29 They Help Banks Underwrite Cannabis Founders, $500k ARR Now, $1m Soon?
Assertion Not checkable as stated
Ben-Shushan: Bizzabo has customers switching over from Cvent
“There are.”
Eran Ben-Shushan Jul 14, 2021 ▶ 20:34 Will Bizzabo Announce A Major Acquisition Next Month? (Flashback)
Assertion Not checkable as stated
Chanty received an inbound $20 million valuation offer from VCs
“The last valuation that we received was twenty million.”
Dmitry Okunev Jul 12, 2021 ▶ 14:30 My Favorite Bootstrapped SaaS Founder ($122k MRR)
Assertion Not checkable as stated
Mortensen: x.ai lost one-third of customers after removing human verification
“That was the worst moment, I think, in our history for where we churned in that next couple of months, a third of all our customers, our whole customer base.”
Dennis Mortensen Jul 9, 2021 ▶ 22:16 Did Everyone Make Money in the Bizzabo X.AI Deal?
Assertion Not checkable as stated
Abel: G2 Gross Revenue Retention Is Running Around 80%
“And we're probably running, like a lot of marketing solutions, maybe it's too low, our retention's probably running around 80%. Higher in enterprise, lower in SMB.”
Godard Abel Jul 8, 2021 ▶ 13:57 Today G2 Is Worth $1b. What happened 24 months ago?
Assertion Supported
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…”
Nathan Berry Jul 6, 2021 ▶ 21:25 ConvertKit Raising at $196m Valuation?
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