Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
24 Mar 2021 Acquired Rec Room Part II (with CEO Nick Fajt)
“There are certain dollar amounts, there are certain valuation amounts where you’re like, well, I’m not joining a startup that might not be here in a year, which I think is definitely a fear that many people in Seattle have.”
— 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
…You’re probably out ahead on an IRR basis even though it took longer. Exactly. We don’t do a good job of thinking about [...] your growth like humans. This was an opportunity on how to protect myself against my own biases and inability to predict. We’re having a lot of money hiring great people, making it clear to them what the problems are and then stepping back. This money lets us do that. It also puts you into a league that helps with recruiting in a lot of ways. There are certain dollar amounts, there are certain valuation amounts where you’re like, well, I’m not joining a startup that might not be here in a year, which I think is definitely a fear that many people in Seattle have. If you’re working at Amazon or Microsoft, any startup seems impossibly small, whether it’s two people or a hundred people. This was one that we thought could help a lot of people in those bigger companies get comfort about, I’m going to join this company. It’s legit. It’s going to stay around for a while. But there’s still really taking risks and thinking big. We wanted to have it both ways. This allowed us to do that. And you’re 60–70 people. Do I have that right?…
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