Shaan Puri: evaluation

Transcript context

…I catch off a little bit. Where is it eventually now, how did it get there, and why? Okay. Let me try and pick it up. Where is it eventually now? We got acquired now. The whole team that was working on it—the majority of the team, 95% of the team—is at Twitch and got bought because we had built a whole bunch of things. One of the things when we bought it—I also have to tell the story. It's an interesting entrepreneurial story. When we were going to buy, I got split opinions. I asked a few smart friends, hey, do you think we should buy this back? 50% of people were like, don’t touch it with a 10ft pole. Internet companies don’t get revived. That’s not really a thing. The brand is stale, it might be more baggage than it’s worth. It’s just going to be constant confusion if you’re launching a new thing under that old brand name. You don’t need it. Why would you go pay for this? Go put the million dollars into ads and you’ll get the same amount of users. And then the other people were like, I don’t know what’s going to happen, but what a challenge. What fun if you did it? And you are also going to get a lot of people who are curious to check out what it became. Whether they’re actually going to adopt it or not. It’s a good start.…

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