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 12 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
Bean: Carried over $500K in personal credit card debt for startups
“I've had times where I've had Well, more than a half million dollars on, on credit cards.”
Bean: Orange Soda floated Google ad payments on credit cards for runway
“In orange soda's case, I mean, yeah, We were, we would just use credit card to help us float our Google payments and other things. Well, so it gave you 60 days of extra runway on without raising more money.”
Bean: Fresh Lime targets a $4M to $5M run rate by 2017
“Our revenue this year is pretty low. I mean, we'll do about two 50 next year by this time, I mean, we'll have a, Probably a, I don't know, a four or five million dollar run rate. I mean, we'll grow that much next year”
Bean: Aha.com scaled to $35M run rate in three years
“We actually built a great little business that grew in three years from startup to about a thirty five million dollar run rate before it was acquired.”
Bean: Aha.com investors achieved an estimated 15x return
“The overall return for our investors was probably, I don't know, 15 X.”
Bean: Service-heavy software businesses take large valuation multiple hits
“Anything that has a service component that is a little bit more service than software. You take a huge hit on, on kind of that, that multiple”
Bean: Deluxe acquired Orange Soda for $28M to $30M plus stock
“Orange soda was acquired for about 28, thirty million, somewhere in there. Plus there's obviously stock and other things for the internal guys”
Bean: Orange Soda raised $11.5M compared to under $3M for aha.com
“Orange soda, we raised about 11 and a half million. AHA, I had raised about less than three.”
Bean: Took zero salary for four years between his startup ventures
“Between aha and orange soda, I essentially went for four years with making zero dollars.”
Bean: Fresh Lime reports a 5 percent monthly SMB churn rate
“It's probably about a five percent churn rate.”