Tuesday, March 5, 2024

20VC: The Chess.com Memo: The Most Untold Story in Startups; Scaling to $100M Income, 150M Members and 700 Folks, All with Zero Enterprise Funding | Erik Allebest, CEO @ Chess.com


Posted on seventh February 2024 by Harry

Erik Allebest is the CEO @ Chess.com, the #1 on-line chess service on the planet with greater than 150+ million members and 15+ million video games performed every day. Erik has scaled the corporate to over 700 folks and $100M+ in income with no enterprise funding.

In Right this moment’s Episode with Erik Allebest:

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

  • How did Erik make his manner into the world of tech and startups?
  • Was his MBA value it? How does he advise others on whether or not to get one or not?
  • What does Erik know now that he needs he had recognized when he began?

2. Scaling to $100M Income with No Enterprise Funding:

  • Why did nobody wish to put money into Chess.com within the early days?
  • What did Erik do in a different way because of not elevating any enterprise funding?
  • What would Erik have executed if he had cash from the beginning?
  • What are Erik’s largest items of recommendation to founders with funding right now?

3. Exhausting Classes Scaling to 150M Members:

  • What are 1-2 of Erik’s largest classes on methods to scale customers with zero finances?
  • What buyer acquisition labored? What didn’t work?
  • How necessary was COVID and The Queen’s Gambit to memberships and sign-ups?
  • What are the one largest errors Erik sees founders make on buyer acquisition right now?

4. Parenting, Marriage, Metrics and Cash:

  • Why does Erik not care about cash or capitalism right now?
  • How has Erik’s fashion of parenting modified through the years? What works? What doesn’t?
  • What does Erik consider is the key to marriage? What have been his largest classes?
  • Why does Erik hate metrics? If that’s the case, how does he run the enterprise in direction of objectives and output?

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