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Published · transcript-backed

Speaker unverified: belief

24 Mar 2021 Acquired Rec Room Part II (with CEO Nick Fajt)

“When you come in, we want to help direct you towards the content that we think is most likely to light up your interests.”

— Speaker unverified

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Everything needed to verify it.

Speaker
Speaker unverified
Attribution
Not verified from this transcript
Claim type
belief
Recorded
24 Mar 2021
Publisher
Acquired

Transcript context

…I love very specific parts of YouTube. They’re very different than I bet what you guys love, certainly what [...] loves. That’s great. Yeah. I think Twitch does this really well. I think there’s a lot of different tones, styles, and personalities on there. They’ll go and find their people that makes sense for them. That’s what we want to happen and Rec Room as well. We want you to be able to build your little sub-community. And if you are a user, we want to help you find your tribe. When you come in, we want to help direct you towards the content that we think is most likely to light up your interests. It’s very akin to the concept of marketplace liquidity. I remember a great realization that Dan Lewis opened me up to when we had him on for the Convoy episode. He’s like, the reason we need tons and tons of loads and tons and tons of truckers is because there is one trucker-load pair that is optimal, and then the further and further you get from that—literally physical distance—the worst of an economic deal it is for them because they’re going to have to drive to come pick up the load, they may not want to, it might be the wrong day. If we can get everyone on the platform, then we can always find the perfect match. But when you’re subscale, you’re in this territory of, most of the time it’s probably suboptimal and it’s probably too expensive of a transaction. You can just see that playing out in the world of games where, I suppose the world of metaverse is where the more people there are on the platform and the more flexibility there is in the system, the more opportunity there is for people to find their tribe. That’s why the Internet is so great. There’s incredible marketplace liquidity on the Internet.…

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