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The Dealroom with Shamus Madan
Join Shamus Madan as he interviews industry leaders like Mark Cuban and Tim Draper, sharing insights on building billion-dollar businesses to inspire the next generation of entrepreneurs.
Erik Allebest: How I Bootstrapped Chess.com To $100M in Revenue
In this episode, Shamus Madan interviews Chess.com's Erik Allebest about his entrepreneurial journey, the challenges of running a $100 million business, and maintaining balance. They delve into building company culture in a remote setting, growth strategies, and the impact of AI on online chess.
Key Points
- Eric Allebest, co-founder of Chess.com, attributes his entrepreneurial drive to his upbringing and early business ventures, which included recycling cans and selling candy bars in school.
- Despite being rejected from every business school he initially applied to, Eric's persistence led to the creation of Chess.com, a $100 million revenue company that enables anyone to play chess online.
- Eric emphasizes the importance of a company culture that values mission, no toxic behavior, and supports its team, which has been instrumental in Chess.com's success as a remote company and in retaining its employees.
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Learn More About Chess.com: https://chess.com
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Transcript
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