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 10 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
Ng: Solo bootstrappers should avoid freemium models to limit support overhead
“That was the bootstrapped model, and I think that makes a lot of sense for bootstrappers, especially if you're a solo bootstrapper, because, you know, do you want to support a large number of customers that are on free Plans. Or do you want to support a smalle…”
Marie Ng: Early consumer apps focus on engagement over revenue
“I think a lot of consumer apps focus on that versus revenue on the early days.”
Ng raised $690K for Llama Life post-LAUNCH accelerator
“So I ended up raising money after the accelerator program closed around very, very, no, actually not long ago, like two months ago. So we're in, I raised 690 K USD.”
LAUNCH Accelerator takes 6% equity for a $100,000 investment
“So they take six percent for a hundred K USD.”
Marie Ng raised no funding directly from LAUNCH demo day
“So with demo day actually didn't raise any money from demo day, but it gave me some momentum.”
Llama Life raised pre-seed at a $2.75M pre-money valuation
“So it was a pre-seed round. So it was 2.75 million pre pre money.”
Ng: Llama Life reached 950 paying customers and $1,800 MRR
“So we're at 950 paying customers. So it's not that far off from where the 700 was. And the MRR is at 18, about 1800. MRR US dollars, but we only started charging subscriptions about a year ago”
Ng: Llama Life grows gross monthly recurring revenue by 20% month-over-month
“Growth rate wise, we are growing to 20% month on month gross MRR.”