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The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman. If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.
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Now displaying: Page 1
Feb 7, 2024

Erik Allebest is the CEO @ Chess.com, the #1 online chess service on the planet with more than 150+ million members and 15+ million games played each day. Erik has scaled the company to over 700 people and $100M+ in revenue with no venture funding.

In Today's Episode with Erik Allebest:

1. From Unemployable to $100M+ Revenue Founder:

  • How did Erik make his way into the world of tech and startups?
  • Was his MBA worth it? How does he advise others on whether to get one or not?
  • What does Erik know now that he wishes he had known when he started?

2. Scaling to $100M Revenue with No Venture Funding:

  • Why did no one want to invest in Chess.com in the early days?
  • What did Erik do differently as a result of not raising any venture funding?
  • What would Erik have done if he had money from the start?
  • What are Erik's biggest pieces of advice to founders with funding today?

3. Hard Lessons Scaling to 150M Members:

  • What are 1-2 of Erik's biggest lessons on how to scale users with zero budget?
  • What customer acquisition worked? What did not work?
  • How important was COVID and The Queen's Gambit to memberships and sign-ups?
  • What are the single biggest mistakes Erik sees founders make on customer acquisition today?

4. Parenting, Marriage, Metrics and Money:

  • Why does Erik not care about money or capitalism today?
  • How has Erik's style of parenting changed over the years? What works? What does not?
  • What does Erik believe is the secret to marriage? What have been his biggest lessons?
  • Why does Erik hate metrics? If so, how does he run the business towards goals and output?

Public.com Disclosure:

Options are not suitable for all investors and carry significant risk.  Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.

For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule.

All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.

 

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