4.4 • 637 Ratings
🗓️ 7 February 2024
⏱️ 72 minutes
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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.
1. From Unemployable to $100M+ Revenue Founder:
2. Scaling to $100M Revenue with No Venture Funding:
3. Hard Lessons Scaling to 150M Members:
4. Parenting, Marriage, Metrics and Money:
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0:00.0 | We tried for like the first five years to raise money and just time and time again was told the market's too small. |
0:07.2 | This is uninvestable. |
0:08.6 | Everything I saw going on in Silicon Valley was based on large amounts of readily available capital. |
0:15.5 | We did the opposite. |
0:16.6 | We thought about monetizing immediately. |
0:18.6 | Everybody was remote. |
0:19.9 | There was no office. Our engineers were spread all over the world. |
0:23.6 | Everything was the opposite, because we had no money. |
0:25.6 | I'm really grateful for that. |
0:27.6 | This is 20VC, the memo with me, Harry Stubbings. |
0:29.6 | The memo is the monthly show, where we dive deep on the hypergrowth journey of one amazing company, |
0:35.6 | and today we featured likely the most insane and |
0:38.4 | untold story in startups, chess.com. Chess.com is the company that with no venture funding has |
0:44.6 | scaled to over $100 million in revenue and over 150 million members around the world. |
0:50.4 | Joining me in the hot seat is chess.com CEO, Eric Alabest. This was so much fun to do, |
0:55.9 | and I want to say huge thank you to Leor at Triple Dot for the intro today. But before we |
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1:12.9 | customer-facing integrations. Merge also handles the full integration lifecycle from an easy |
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1:29.4 | Sendozo, use Merge to power their integrations. Check it out now by visiting merge.dev |
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