Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
24 Mar 2021 Acquired Rec Room Part II (with CEO Nick Fajt)
“Just understand that if you have specific ambitions, venture can be right for you or it can be wrong for you, depending on what your goals are. We realized pretty quickly we don't have a two-year plan.”
— Speaker unverified
Source trail
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
…It's like a movie. It's like a band of contractors that comes together, has a budget, burns it down, then there's no more dollars left, and it's not like you could do anything, anyway. Totally. As a result of interacting more and more with the venture space. A lot of people are like, well if you take venture dollars are going to be forced to grow. You’re more like, look, it’s a framework for thinking. The returns they're chasing are very specific and it will force you into a very specific way of looking at the world and making decisions, which is not a bad thing. It's just, you are going to swing for the fences. That's the game you're playing. It's about home runs not about bunts, not about singles. It's about home runs. You're playing Home Run Derby. That's just the way to think about it. There are ways to finance any type of project. Just understand that if you have specific ambitions, venture can be right for you or it can be wrong for you, depending on what your goals are. We realized pretty quickly we don't have a two-year plan. We want to work on this for a long time. A publisher’s never going to be the right choice. Venture has to be the way we're financing it, and these are the things that they're going to expect in terms of growth and margin. How do we feed that back into the decision-making of, what is Rec Room going to look like? I don't think anyone has ever articulated that as well as you just did on this show.…
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