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 1,971 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
Lunawat: Large PE Funds Do Not Dominate U.S. Residential Market
“Even then, if you look at like the total volume of residential sales across the U S that's still a fraction of the total market. So to say that, you know, larger state private equity funds are kind of dominating the U S home residential market, I think would b…”
Santens: One week of Fed liquidity could fund a $2,000 monthly UBI
“We could actually be paying for a 2000 dollar a month fully universal basic income for the amount of money that the, in, in, in the Fed is doing in one week.”
Gertler: ShareRoot IPO'd at $10.5M USD valuation on $700 MRR
“We went public in the early days of January of 2016, so two and a half years ago. What was our MRR at the time? MRR was at about 700 dollars when we went public. Market cap at the time was thirteen million Australian. Let's just, for simplicity purposes, call …”
Public liquid asset returns often match or beat venture capital
“There's all kinds of academic studies that the returns are that are very comparable to the private equity venture in many cases, even better.”
McKeefery and his wife retained 100% equity in Reviews.io until sale
“100%, yeah. I had this, you know, I, there was a few people in the company who would help me along the way, and they got really big earn outs, but it was only really from me saying, hey, I want to make sure you get a big earn out out of this rather than it bei…”
Founders can multiply $10M QSBS exemptions using multiple irrevocable trusts
“And so for federal taxes, if you want to save more money on federal taxes, what you do is you create a revocable trust and you gift your shares to your children or to your spouse or to your relative, your brother. And each of those trusts that you create gets …”
SMB SaaS spending growth surpassed enterprise growth in late 2023
“The interesting thing happened Q-three last year. So, around Web Summit last year, we gave a State of the Union on, on SaaS. And we said, it's interesting. The small buyers come back. The small buyers started outperforming the big buyers for the first time in …”
Carpel: Founders can use Founderpath debt to buy personal real estate
“Unlock the wealth, take the money, and put that into other things. Again, the S&P 500 a commercial building, buy a house for your mom, buy a house for yourself all permissible and all doable with this product.”
A top expense app's 'smart scanning' was secretly powered by offshore humans
“Or there's another company, a very popular expense company that allows employees to expense receipts. And they would have a feature called a smart scanning feature where you could take a picture of the receipt and then it would extract. But that wasn't a smart…”
BNPL Network Take Rates Fall Far Below 3% to 5%
“No, it's certainly not three to five percent, right? ... It's much less, right? If you look on the payment space, right? When a merchant is typically paying in the U S somewhere between 1.6 to A critical transaction, right? This cost would include the issuing …”
Crashlytics intentionally broke developer builds to force viral team adoption
“And when a developer, sorry, when a developer started using it, they actually put it in their app and we broke their build in the nicest way possible so that every other engineer on their team would find out about Crashlytics and then start using it.”
Miles: Salad's compute costs one-fifth of AWS spot instances
“The cost of our compute is around one fifth, again, per teraflop per hour of an AWS spot instance.”
Competitor think-cell generates over $100 million in annual revenue
“Sure let's say I had some other data points which reconfirmed my initial assumption, so I'm pretty confident that they're making over a hundred million a year, actually way over that.”
Berry: ConvertKit is far ahead of Mailchimp's eight-year growth curve
“When I look at the curve that I'm on with ConvertKit, and if, and the curve that MailChimp did, if we were to overlay those two, ConvertKit is far ahead. Like if we put the start date of the two of them, ConvertKit is far ahead on that curve than MailChimp was…”
Crowley: A single commercial EV can earn $7,000 annually supporting grids
“And then the final one, which is the real secret sauce, is a vehicle can, you can get paid about 7000 bucks a year For the vehicle supporting the grid, just one vehicle.”
Roy: A 10% rise in gender equity drives 1-2% revenue growth
“We actually did research across 4000 companies in 29 countries, and what we found was that for every 10% increase in gender equity in companies, there's a one to two percent increase in revenue.”
Basic income trials show recipients invest in education and family care
“And there is literally no evidence to support that. All the evidence from all the basic income trials that have ever been run are that people like, wow, I can take better care of myself. I can invest in education. I can take better care of my family. Of my fri…”
Latka: ClearBank Revenue Financing Carries an Effective APR of 24%
“So a deal from ClearBank is going to look something like one X your monthly revenues on a two month Term with an interest rate of two percent per month, right? I mean, and that's on the bottom side. That's a 24% APR essentially. That's expensive.”
Santens: A $1,000 monthly UBI for US citizens costs $3 trillion gross
“So if you do that, and then if you're going to do a thousand dollars per month per person, and you're going to go to citizens in the United States, then it's a little over three trillion dollars. That's the gross cost.”
Sole Investor Graham Wood Currently Owns 100% of Shorthand
“No, he owns, so, so at the moment, he owns actually the whole company.”
Salesforce churns 3% to 9% of annual revenue, estimates John Lee
“Salesforce is churning anywhere from three to nine percent of the revenue a year on a twelve billion dollar business.”
Osetek: Intermediaries Take 50% to 70% of Programmatic Ad Dollars
“So, you know, across the, what I call across the Luma scape, when you go from the brand all the way to the other end of the spectrum, the publisher, there's DSPs, SSPs, there's like six intermediaries involved, and they're all taking a cut where a couple of di…”
Lee: Litecoin launched with zero pre-mine or founder token allocation
“Well, I created Litecoin, but I didn't, like, pre-mine coins. I didn't create coins for myself, right? I had to mine the Litecoins or buy the Litecoins off exchange just like anyone else.”
Kwon: Tendermint Secures Distributed Ledgers Without Energy-Intensive Mining
“Tendermint, Tendermint is a replacement. It's an alternative to proof of work. It's a way to have a secure distributed ledger without having to Burn energy to try to win a lottery ticket.”
Austin: Branch lured Pinterest, Airbnb, and Etsy from Yozio, forcing its shutdown
“There was a company in our space when we first started that actually had Pinterest, Airbnb, and Etsy using them. When we had just launched literally brand new, super buggy product within a year and a half, all those companies were using us and that company had…”
Di Iorio: Ether was never meant to be a coin or currency
“It was never meant as a coin or as a currency. It was meant as a fuel or product to incentivize people to contribute resources into the network.”
Kineshanko: Blockchain activity can be traced to identify specific users
“Well, you can actually track activity on the blockchain quite nicely because it's all open source.
So it's a bit tricky to figure out who's doing what, because people can have, you know, you or I could create wallets, numerous wallets and do stuff with those.…”
Le Moal: Some Indian startups burn $200M per year
“We are talking, you know, a couple of hundred millions a year.”
Epstein: Sentient runs the first fully AI-traded hedge fund
“One of Senian's products through a subsidiary called Senian Investment Management is a hedge fund that is, we think the first Fully AI-traded hedge fund.”
Chen: Kaiser's 52% virtual visit metric includes web portal logins
“Turned out that It's a little bit not quite true, right? Most people say, say, do you mean like, 52% of Kaiser Permanente visitors are not on telemedicine? No. What they mean is, every time you're going to, ah, let's say, a webpage, a patient portal, request s…”
Sykes: John McAfee's penny stock tanked 50% under an SEC investigation
“His penny stock has also gone from 30 cents to four dollars a share, and it just tanked 50% in the past two days now that he's under SEC investigation.”
Rob Walch: Median podcast episode receives approximately 150 downloads after 30 days
“When we look at the median number of where shows fall, it's about a hundred and fifties, the median. That means I think last week, last month was a 156 or just think, I think it was.”
Mohit Aron claims he invented the concept of hyper-convergence at Nutanix
“I left Aster in 2009, and I actually founded the infrastructure company Nutanix in 2009, September 2009, and I was there with Nutanix for a little more than three years, and I was the brains behind the concept of hyperconvergence, which has kind of taken over …”
SaaS multiples still value growth at three times more than profit
“In today's environment, the actual multiple is five to six times, and that's provided that you have growth. So even though we're moving away from a growth at any cost world to a world where efficiency is prized, the reality is that growth is still worth three …”
Chesseri: South Dakota trusts eliminate state income and capital gains taxes
“If those shares were held in a South Dakota trust in South Dakota, there is no state taxes for income or cap gains. So you save 1.3 million dollars right out of the gate just by having your trust in South Dakota.”
Ahrefs grew past $100M revenue without a sales team
“Fun fact, we grew, I'll show you the numbers in a minute, we're over a hundred million dollars. We basically used word of mouth, blogs, and YouTube. We didn't have a sales team till we hit about a hundred million dollars.”
Ahrefs study found 96.5% of web content gets zero search traffic
“So a lot of content doesn't get any traffic. This is from one of our own studies. On the, on 96 and a half percent, no traffic.”
ThriveCart's Acquirer Publicly Announced the $35M Buyout as a Funding Round
“A thirty-five million dollar transaction the fund that acquired it, raised money, acquired Thrivecart as part of the deal, announced as a raise.”
Callens: 89% of top G2 SaaS companies receive negative analytics reviews
“So what we did is we looked at 250 of the top-performing G-two top-performing companies on G-two on the main categories. And we looked at how their end users perceived the analytical feature set. And we actually found out that 89% of all these companies dealt …”
Rule of 40 is now the metric most correlated with SaaS valuation
“But it's now the number one SAS metric as correlated to enterprise value in the next 12 months revenue. A year ago, it was number five. Growth is still number two. But balanced growth with profitability is number one.”
Rubin: Lost Deals Spend Twice as Long in Pipeline as Won Deals
“And the deals that close lost spend twice as long in pipe as deals that close one.”
Donovan: Rule of 40 SaaS valuation premium increased from 1.5x to 2x
“If you were to take all the data that's in the 20, the zero, the under zero to up to 40, and then compare that to the over 40, it was about 1.5 x higher for the people who were over 40 before. And now it's two x higher if you're over 40.”
Donovan: Free cash flow margin explains 40% of SaaS valuation multiples
“40% of the variation in Multiple can be explained by variation in free cash flow margin.”
Martin: Stanford study showed remote workers have 50% lower attrition
“And the craziest study, this is 16,000 subjects out of Stanford over a nine month period, identified that remote workers have an attrition rate that is 50% lower than their on-premise counterparts.”
Senior engineers in New Delhi cost $35K to $40K annually
“Senior engineer at about like four to six years of experience... Roughly 35 to 40,000 dollars a year.”
Asim: Tyler Technologies built a notification product to compete with eCorte
“The biggest company within this space is is really an elephant named Tyler Tech, a multi-billion dollar primarily government software company based in Texas, and they don't really like us. So they actually built out a product To kind of compete with us, their …”