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
Bain and McKinsey forced clients into multi-million dollar bundled teams
“We hired Bain and McKinsey a bunch to help us with, ah, on-demand expertise, but the problem we found when we hired them was that they were so large and so bundled that we had to get a team of seven that would cost a few million dollars, and we rarely had need…”
Biederman: Founder equity vesting is mandatory to prevent dead equity
“I'd say that's the, that's mandatory. There's no good reason not to have vesting equity for founders.”
Biederman: General Electric is one of HourlyNerd's largest customers
“GE, General Electric, is one of our largest customers.”
Biederman: HourlyNerd projects average $25,000 to $30,000
“The projects now are about 25, 30,000 dollars on average.”
Biederman: HourlyNerd pays 80% to 85% of project fees to consultants
“Every project is variable, but typically between 80 and 85% goes to the to the consultant.”
Biederman gave up $400k to $600k in PE compensation for HourlyNerd
“It was probably going to be sort of between four and 600,000.”
HourlyNerd has worked with 5,000 customers and 21,000 consultants
“We worked with about 5000 customers and we haven't got 21,000 nerds.”
Biederman: HourlyNerd has raised about $10M across three rounds
“So we've raised about ten million dollars over three rounds so far.”
Biederman: HourlyNerd raised $750K seed at $3.75M cap
“It was about 20%, so we raised 750 K at a 3.75 million dollar cap.”
Biederman: HourlyNerd raised $7.8M Series B in January 2015
“That was 7.8 million and we raised that in the fall of 20 14. That was, it closed in like January of 15.”