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.

9statements match

1resolved → 0open claims → 1supported → 0contradicted →

why aren't all 9 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

Prediction Not checkable as stated

Apple: Binder expects average customer spending to reach €2,000-€3,000 monthly

“So we would expect our average customer to pay us two to 3000 euros a month when we get deep enough with our penetration.”

Jacob Apple Oct 9, 2023 ▶ 9:10 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?

Disclosure

Jacob Apple personally invested $2.5M to $2.7M into Binder

“Yes, slightly more, two and a half, 2.7.”

Jacob Apple Oct 9, 2023 ▶ 13:06 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?

Assertion Not publicly verifiable

Jacob Apple: Regional Bolt franchise revenue exceeded $1 million annually

“Above a million is definitely not saying too much.”

Jacob Apple Oct 9, 2023 ▶ 4:38 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?

Disclosure

Jacob Apple: Majority of Bolt franchise buyout was paid upfront

“By far the majority was paid right away. And then there was like a percentage allocated to make sure that the whole operation that they were taking over was running smoothly.”

Jacob Apple Oct 9, 2023 ▶ 4:57 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?

Assertion Not checkable as stated

Apple: Binder customers currently pay an average of €500 monthly

“Today, they're paying us about 500 euros a month.”

Jacob Apple Oct 9, 2023 ▶ 8:39 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?

Disclosure

Jacob Apple: Binder spends €100k monthly with 18-person team

“And we're spending about a 100,000 euros a month. It's a theme of 18, mainly developers.”

Jacob Apple Oct 9, 2023 ▶ 12:45 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?

Assertion Supported

Jacob Apple operated Bolt franchises in Cyprus, Malta, and Tunisia before buyout

“As fairly minimal, I would say we, I was running three fairly small countries, Cyprus, Malta, and Tunisia. And it was bought themselves that acquired our business back.”

Jacob Apple Oct 9, 2023 ▶ 3:19 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?

Disclosure

Jacob Apple: Binder spent two years building an accounting app before pivoting

“We spent two years actually building an accounting app to then realize that maybe there was a better opportunity in specifically focusing on this niche when it comes to corporate service providers.”

Jacob Apple Oct 9, 2023 ▶ 6:15 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?

Disclosure

Jacob Apple: Binder team owns 10% and co-founders hold 15%

“No, our team owns about 10%, my co-founders own about 15%, and then I have my old partners from the other business that we exited, who also Put some of their money into, to binders, so they also own a piece.”

Jacob Apple Oct 9, 2023 ▶ 11:33 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?

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