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.

clear all ✕

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

Assertion Not publicly verifiable
Meetup founder Scott Heiferman called Weebly the stupidest idea in 2006
“Well, in, in the summer of 2006, after writing that first line of code I went and pitched Weebly at the New York Tech Meetup, and it was a thousand people. It was, we were kind of alpha stage at that point, and it was in front of a thousand people, and I gave …”
David Rusenko Sep 5, 2018 ▶ 13:16 David Rusenko - How To Find Product Market Fit · Y Combinator
Insight
Rusenko: The best startups create new markets, rendering market research useless
“The best companies will create a market. So if you look at sort of what Weebly's done, if you look at what Airbnb's done, if you look at what Dropbox has done, all, all companies have created their own market. I say this because by definition here, market rese…”
David Rusenko Sep 5, 2018 ▶ 12:22 David Rusenko - How To Find Product Market Fit · Y Combinator
Assertion Not checkable as stated
A South African competitor raised $40M and blatantly cloned Weebly's UI
“I remember one of our competitors, I won't name them but they're from South Africa and they had raised forty million bucks and we had raised 650 K and they things were not going that great for them. And so they completely ripped off our interface. And they jus…”
David Rusenko Sep 5, 2018 ▶ 56:12 David Rusenko - How To Find Product Market Fit · Y Combinator
Assertion Not checkable as stated
Rusenko: 2008 Silicon Valley consensus was to actively avoid charging users
“In 2007 and 2008, the prevailing thinking in Silicon Valley was that you should actively not charge money. You should actively be not making money. That was the prevailing thinking. It sounds really, really crazy now. But at the time, the logic went that Twitt…”
David Rusenko Sep 5, 2018 ▶ 47:19 David Rusenko - How To Find Product Market Fit · Y Combinator
Assertion Not checkable as stated
Rusenko: Half of the US population visits a Weebly site monthly
“And probably one of my favorite stats is that half of the US population visits a Weebly site every single month.”
David Rusenko Sep 5, 2018 ▶ 1:15 David Rusenko - How To Find Product Market Fit · Y Combinator
Assertion Supported
Livingston: YC funded 632 startups valued at over $20B by 2014
“So fast forward to today, and Y Combinator has funded 632 startups that now have a combined valuation of over twenty billion dollars, including Dropbox, Airbnb, Weebly, and Stripe.”
Jessica Livingston Mar 12, 2014 ▶ 9:41 Jessica Livingston at Female Founders Conference 2014 · Y Combinator
Assertion Supported
Rusenko: Weebly reached 50M users and sold to Square for $365M
“Grew the company to fifty million users and around 350 employees. Sold the square in May of this year for three hundred sixty five million.”
David Rusenko Sep 5, 2018 ▶ 1:07 David Rusenko - How To Find Product Market Fit · Y Combinator
Disclosure
Rusenko: Weebly became cashflow positive in January 2009
“We basically became cashflow positive in January, 2009, and more or less were through the rest of the history of the company.”
David Rusenko Sep 5, 2018 ▶ 49:37 David Rusenko - How To Find Product Market Fit · Y Combinator
Disclosure
Weebly still struggles with statistical significance in testing
“Even at Weebly scale today, we still sometimes have difficulty with getting statistical significance for some of our tests.”
David Rusenko Sep 5, 2018 ▶ 22:38 David Rusenko - How To Find Product Market Fit · Y Combinator
Assertion Not checkable as stated
Rusenko: Weebly achieved an 80% NPS in its early days
“So in the early days Weebly had an NPS of 80%.”
David Rusenko Sep 5, 2018 ▶ 30:31 David Rusenko - How To Find Product Market Fit · Y Combinator
Insight
Rusenko: TechCrunch and press spikes drop immediately the next day
“This is exactly what you should expect if you get on TechCrunch or any press. It goes straight up, and it's really exciting that day, and then it goes straight back down the next day. And, but at least settles a little bit higher.”
David Rusenko Sep 5, 2018 ▶ 5:56 David Rusenko - How To Find Product Market Fit · Y Combinator
Disclosure
Rusenko: Weebly raised $650K Series A at $2M pre-money in 2007
“We raised 650 K on a two million dollar pre-money valuation. So 2.65 post. That was considered above average, slightly above average. We were all very jealous of Dropbox, who had raised a five million dollar post money valuation”
David Rusenko Sep 5, 2018 ▶ 7:28 David Rusenko - How To Find Product Market Fit · Y Combinator
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