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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Meek: VC funding provides an advantage by enabling irrational market behavior
“Venture capital allows you to do is act irrationally in the marketplace, and that ability is what gives you the competitive advantage. Because we have this capital, we can do experiments and developments not tied to a more traditional bootstrap model.”
Meek: Software Knowledge Transfer Breaks Down as Teams Scale
“The core of the problem is that software developers are great at scaling up anything except themselves. So there's a core dynamic of transferring critical knowledge about the software system you're developing that works really well in small teams, but starts t…”
Meek: Stripe Estimates Technical Debt Costs Companies $85B Annually
“Stripe came out with a really great report in September last year. It's called the developer coefficient. They estimate technical debt to cost companies eighty-five billion dollars annually, and they estimate a developer to be spending over 17 hours a week out…”
Meek: CodeLingo raised around $700K from Reinventure and RightClick Capital
“All up, we've raised around seven, 700 K. The bulk of that came in 2017. So we raised from two venture capitalists. One was reInventure, which is backed by Westpac. That's one of Australasia's big four banks. And the other one is RightClick Capital, which is p…”
Meek: CodeLingo landed pull requests at Google, Uber, and Sky UK
“In the past month we've had so our bots automatically finds and fixes code. We've had pull requests landed by companies like Google, Uber, Sky UK all in the past few weeks.”
CodeLingo raised $540K pre-seed round at a $3.8M valuation
“The first one was on a convertible note at a 1.8 mil cap. And then the second round wasn't on a note. So the second round was our pre C that was from the VCs. So that was that was just a straight. So the pre valuation was 3.8 mil. So yeah, around four mil valu…”
CodeLingo received $2.8M in term sheets while seeking a $300K bridge
“When we went out, we're actually just looking for a bridge. We're only asking for 300 because we wanted to just a bit of extra runway to do the next round. All of, all up, all of the offers we got in we had about 2.8 mil all up in term sheets coming in.”