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
Lapchick: Chicago has the most conservative investors in the US
“The only difference that I would make is that I wouldn't do it in Chicago. I wouldn't fund it in Chicago. It's the most conservative bed of investors in the country. These guys are bankers, you know, you go in with that.”
Lapchick: Founders Should Sell on the Upside Before Growth Plateaus
“Well, what you look for is, is you look at your growth trajectory, right? You look for that hockey stick or anything that approximately is a hockey stick. And as soon as you can start predicting when the plateau is going to occur, you want to sell on, on the u…”
Lapchick: Shotfarm Raised $10M While Competitor Salsify Raised $57M
“So and then, so we raised 10, we got competitors in now at fifty-seven million in funding.”
Shotfarm Maintains Negative 0.5% Monthly Net Revenue Churn
“Right now we are at negative half a point.”
Shotfarm Has 12,000 Platform Users and Over 100 Paying Customers
“Well, so we have 12,000, we have 12,000 companies using the platform. Not all of them are paying, but more than a hundred are paying.”
Lapchick: Shotfarm incurs $20 to $30 annual cost per free user
“My carrying costs for a free customer is about
30 bucks a year, 20 bucks a year, and around there.
maybe even a little bit less, depending on how much storage, free storage they're using, or how much of the free storage they're using.”
Lapchick: Free-to-paid in-app conversion was Shotfarm's biggest failure
“I'll tell you where we failed is in the in-app marketing.
This is the biggest botched opportunity that we've, that we had was converting the free to paying users, right?”
Lapchick: Shotfarm sales team never targeted 9,000 free platform companies
“So, so the sales team started in 2016 and they, we had so much inbound interest that that's what they sold.
We did, they never even looked at the 9000 companies at the time as an upsell.”
Lapchick: Shotfarm was founded to fund philanthropic checks after previous exit
“The real deal is that I had a number of checks written out to various charities and personal interests. But they were, they're all checks out to they were giving. It was philanthropic. And I started this company so that I could sign those checks, and I made en…”