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 11 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
Howard Marks claims VCs only invest in white males from Stanford
“VCs typically only invest in white males from Stanford.”
Howard Marks predicted SaaS models would inevitably transform into ICOs
“You know, for them, the SaaS business is probably the only way a software model is going to work, but it's going to transform itself into the ICO model, which is the blockchain, because it's the logical progression, you know, internet, one point O internet, tw…”
The video game industry invented the modern SaaS subscription model
“By the way, the entire game industry is now a SaaS model, as you probably know, software as a service, because people are now buying either a subscription or they're buying a pay-as-you-go Which is really where the game industry invented it, and the SaaS indus…”
Gaming invented cryptocurrency mechanics long before blockchain existed
“If anybody who's listening understands cryptocurrency blockchain, and all of this technology, it all existed in the game industry before cryptocurrency became popular.”
Activision is nearly as big as Disney and could become bigger
“No, Activision is independent. It is nearly as big as Disney, or it could become bigger than Disney, but it's Acclaim, my other game company.”
Howard Marks bought 30% of Activision for just $400,000 in 1991
“So we bought 30% of the company from one investor was a venture capitalist. We was like, you know what? I'm out. So we paid that, I think, 400 grand.”
Howard Marks offered just $100,000 to buy Acclaim out of bankruptcy
“I offered a 100,000 dollars to buy the whole company and people were laughing at me. The trustee laughed at me, everybody. It turns out.”
Acclaim went bankrupt because their auditor fired them
“They couldn't file their public statements or publicly traded company. They, their auditor fired them and they couldn't file anymore.”
Activision had $40M in revenue and $60M in losses in 1991
“They had about 60, they had about forty million In revenue with sixty million of losses. It's called negative, negative revenue, which means the cost of making those cartridges at that time cost them more than what they sold it for.”