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 315 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
Musk: He will do less politics because getting involved ends badly
“You know, I've generally found that when I get involved in politics, it ends up badly. So that I'm like, you know probably shouldn't do that. I should do less of that is my conclusion.”
Adcock: I Won't Let Figure Robots Roam Unsupervised Around My Kids
“I've had a robot in my house now for like a few months. And You know, my kids have been there, but we, like, we monitor the robot. So we're not, like, we're not, like, we're, like, we have somebody with the robot. Like, we're not letting the kids go up and hug…”
Kamath: WTF podcast takes zero sponsorships and collects guest money for charity
“See our podcast is very like, Non-monetary nature. We don't have advertising or sponsorship or any of that. In fact, I take money from people who are guests and we do a charity project at the end of it. So it's the opposite of a capitalistic venture.”
Sharma: Refuses to Allocate Capital to US Private Markets Today
“I'd say, ah, I would not put any money in private markets in the U.S. Today.”
Sharma: Most Personal Portfolio Capital Is in International and Emerging Markets
“I'm saying that as a small portion to what I think, but otherwise most of my capital is international today. My own portfolio. It's mainly emerging markets. And even Europe.”
Bonatsos: US-based venture investors should avoid investing in China
“In today's universe, I would avoid, you know, like doing anything in China as somebody who is U.S. Based. That's not a controversial statement.”
Khosrowshahi: Uber sold India Eats business because it couldn't win
“We didn't think we could win in India, and we wanted to really focus on mobility.”
Altman: GPT-5 will integrate all reasoning models into a single interface
“It's an integrated model, so you don't have to, like, pick in our model switcher and know if you should use GPT-IV or O-III or O-IV or any of the complicated things. It's just one thing that, that works”
Altman: OpenAI will test multiple hardware products for embodied AI companions
“So we'll try multiple products but I think this idea of trying to build hardware that an AI companion can sort of embody itself in will be an important thread.”
Sarandos: Netflix will never be fully ad-supported and will keep ad-free tier
“I don't think there's ever a world where we do all, all ads. It's, we're a choice brand. So so the folks who really don't want ads, there's always going to be an option for them to do that.”
Pei: Nothing manufactured its first earbuds with a blacklisted Chinese factory
“We went to the worst factory. Like the factory, if they didn't take us on as a client, they would go out of business immediately. In China, because they were on the blacklist of a lot of other people for quality issues.”
Srinivas: Perplexity routes every user query through four to five AI models
“Every query goes to a bunch of models but then they're doing different tasks, like one model rewrites your query into a more, like, easily understandable format for the AIs. Another model, like, does the chunking of the pages into, like, parts that gets consum…”
Srinivas: Perplexity built custom Nvidia runtimes and uses Cerebras chips
“A lot of the open source models that we serve ourselves with some fine tuning, ah, we, we've tried to serve it with extreme efficiency, like we wrote our own runtimes for NVIDIA chips, and we used other chips like Cerebras, and that helps us to, like, make the…”
Kamath passed on quick commerce because current valuations are too expensive
“At the end of the day, as an investor, I look at companies as a multiple of the EBITDA or net cash that they're throwing out. In today's equation, I find them expensive. Hence, I have not invested.”
Kamath: I completely stopped buying public equities last two months
“I'm not even buying public equity anymore. I'm not even buying stocks. I've just stopped. Yeah. Last one, two months, I've just.”
BluSmart's charging infrastructure is profitable due to its in-house anchor fleet
“Yeah, so the charging infra is today profitable, because we had the in-house anchor tenant, so that was profitable.”
BluSmart electric cabs need ₹3,200 in daily revenue to break even
“A car should make about, to be self-sufficient, to break even on all, should make about 3200 rupees per day to cover all my costs. The car has to earn me 3200 rupees a day. It includes driver cost, lease of the car that I'm paying on daily basis.”
Ather's battery subscription failed because Indian consumers prefer vehicle ownership
“We attempted a variant of it. So I do believe in it, and I still do, and I'm hoping that we learn how to crack it. But back in twenty-twenty ... We said you could take a battery on subscription. ... Enormous, massive community pullback, like pushback, like, be…”
Yassin: Nas Daily companies generate $900K to $1M in monthly revenue
“So all in all in all, I think this month, so I have two companies. The combined revenue of that is roughly now 900,000 dollars to a million dollars a month.”
Yassin: 80% of my revenue comes from 400,000 email subscribers
“80% of my revenue now comes from these 400,000 emails.”
Kalra: Cloud Kitchen Brands Never Share Infrastructure With Existing Dine-In Restaurants
“So we don't use any of our existing infrastructure at all. Not even one restaurant. Not even a single restaurant.”
Amlani: Indian Restaurateurs Are Building Delivery Infrastructure Through ONDC
“We are developing and working very closely with ONDC. Now we are going to build channels. We are going to start building competencies”
Amlani: Impresario Uses In-Restaurant Video Cameras for Table Heat Mapping
“We use our cameras to do table heat mapping. We've, so so for example, we like to see which are the tables that people like to sit at, which are the tables that get filled first. Our camera technologies are helping us do that.”
Kamath: Planning a non-traditional tech academy without formal degree requirements
“We're planning this center where there's no educational requirement. We'll have our own process to get people in. We will train them with people who voluntarily give time, like all of us and many other friends of mine. We will house them. We will kind of like …”
Mazumdar-Shaw: Biocon ties executive goals to reaching 30% women on shop floors
“When I look at my shop floor, there are only about 10% women on the shop floor. I'm now deliberately trying to force That ratio to increase to at least 30%. And I think it's beginning to happen. And that's because I've put it as a KRA for my leadership team sa…”
Biyani: Big Bazaar was inspired by Saravana Stores in Chennai
“So Big Buddha was, in fact, conceptualized from inspiration or Savarna more than anything else.”
Biyani: Future Group failed by growing on debt without a strong balance sheet
“So what went wrong is basically growing on debt and not building a strong balance sheet.”
Bedi: Short-video app Josh spends 20-30% of budget on tech infrastructure
“On Josh itself, if I'm spending a hundred bucks, I would say about 20 to 30 bucks. Hosting, transcoding, storage, compute. And AI the AI data pipeline.”
Chhatwal: IHCL has not done special campaigns with Booking.com
“We have not done any special campaign with booking.”
MakeMyTrip uses frontier LLMs grounded on proprietary user data
“So early days, because these frontier models were very, very strong. So you end up using multiple frontier models, right?... Like Gemini, the Claude, the Cursor, the GPT. But the grounding of that. Will happen with our proprietary data. That data doesn't go an…”
Chhatwal: Taj Hotels cleans all Goa beaches where it operates
“So all the beaches you see in Goa, where, where there is a Taj, they're cleaned by us.”
Armstrong: Coinbase is developing an on-chain payment protocol
“Right now we're making, An on-chain payment protocol.”
Armstrong: Coinbase aims to become users' primary financial account
“We also want to become the primary financial account for people over time. So they're doing direct deposit and they have Coinbase card and they can get a loan.”
Kamath: I have never bought or traded a Bitcoin in my life
“See, I have never traded a Bitcoin ever in my life, never bought one.”
Kamath: The Foundery committed 4 crore rupees each to 20 companies
“The initial commitment was four, four, five crores each, four crores each to all 20 of those companies and 90 days to live in a house here in Alibaag along with people who kind of know everything about consumer businesses.”
Kamath: Wealth and fame act like drugs requiring bigger highs
“All of the things that you mentioned are like drugs. The more you consume of a drug, the more drugs you need to get high. So I'm on that path.”
Kamath: I chase impressing people who are not trying to impress me
“I'm in a chase to impress all the people who are not trying to impress me.”
Juneja: Mankind Pharma intentionally priced products 60% below leading competitor brands
“Keeping everything in mind, we intentionally kept our prices, 50%, 60%, 40%, more affordable than best of the companies.”
Juneja: Mankind Pharma will not acquire Bold Care due to Manforce ownership
“Are you interested in buying Bold Care? No. We have our own man force. We've got many opportunities of buying them in different kind of brands, but man force is man force.”
Prasad: In-licensed Chinese molecule hit ₹100 crore in its launch year
“Not a very huge money. But you know, it's already a hundred crore brand in this year. Launch, year of launch. We could never achieve such results.”
Escobari: General Atlantic Waits for Unit Economics Before Investing Heavily in AI
“For us today, given our scale experience and risk aperture, is to be intensive users of AI in the portfolio and in ourselves, and to wait until the unit economics and the leadership is a little more established before we pound.”
Escobari: General Atlantic Backing Anthropic and Runway in AI
“Among the LLMs, we waited, and then we saw anthropic inflect. We're betting in a world model that does text-to-video call runway.”
Escobari: General Atlantic Has 15% of Capital in AI
“Today about 10% of our, I think 15% of our capital is in AI.”
Escobari: General Atlantic allocates capital through a single central pool
“Most of our peers have regional or sectoral funds that are rather independent. We allocate everything through a central pool. That's super valuable in a volatile world because you can change your mind and you're not fixed to your boxes. Part of making that wor…”
Marks: Founding Oaktree at 49 Was His First Intentional Career Decision
“When I think about my early decades, not years, decades, and I think about you know, what I did from, let's say, I would say from the beginning of, let's say high school until starting Oak Tree in, in 95. So that 35 year period, which took me up to age let's s…”
Banga: World Bank deploys $120B annually with 25K to 30K employees
“And today, when you step back and look at the totality, it's a 120 odd billion dollars that gets Put into the marketplace every year. There's about 25, 30,000 people working across the world on this”