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.benahorowitz.eth on how a game studio turned it's last $6 million into Slack: "Stewart calls me. He says, 'Ben, I've got $6 million left. I have no way to raise money because I've made really no progress. So I've got three choices. I can pray for rain and try... show more
749,318 Aufrufe • vor 1 Monat •via X (Twitter)
35 Kommentare

@bhorowitz My new life goal is to reach the point where I can say: “$6 million is not gonna make any difference in my life.”

@JoshBobrowsky @bhorowitz The VC flex of 6mm being petty cash is unparalleled

@bhorowitz Relevant detail: Stewart came to found @Flickr with a similar story before ;)

@bhorowitz the tiny water bottle behind him has seen this story told a hundred times

@bhorowitz "$6 million is not gonna make any difference in my life. If you really think it's a good idea, go ahead." yea, I say that practically daily.

@bhorowitz hahaha love this. i bet it must be a great feeling hearing this from your investor not caring about the $: if you think it's a good idea, go ahead.

@bhorowitz I'd love to see @stewart go at a new game again! worst case something cool comes out like w/ flickr and slack

@bhorowitz What a story !! $6M not gonna make any difference in my life :) that flex!

@bhorowitz cafe code is the slack of today iykyk

@bhorowitz Fantastic story

@bhorowitz Discord turned a $100M gamble into a $15B productivity platform, pivot works.

@bhorowitz Many VCs could learn a thing or two from this…

@bhorowitz Must be nice I’ve had a shotgun put to my head over 150k

I had a VC reverse engineer this on me once. “Look, you’ve got $10m in the bank, this company is clearly struggling, so you decide. What would you with that $10m? It can be related to what’s been built or unrelated” within 12 months we went from having made a max $400k the previous 4 years, and a heavy burn, to $2m ARR and profitable. A couple of years later that ARR had 10x’d.

@bhorowitz Discord has a similar origin story from video game roots

@bhorowitz Everybody chases that magical idea to change their life. But most solutions hide in plain sight, and only experimentation gets you there. Props to @stewart for grabbing the opportunity when things were tough. The breakthrough isn't something new. It's acting on what's here.

@bhorowitz But the real lesson here is investor trust giving a high-conviction founder the runway to pivot when the original idea dies is where iconic returns come from.

@bhorowitz 6 mil’s not gonna effect me sure let’s give a try👏🏻

@bhorowitz It was $6m back then. Cant imagine what its now

@bhorowitz @stewart should be glad that feishu/lark is from @BytedanceTalk, otherwise @SlackHQ has no competitiveness at all. like how uber losed in china

@bhorowitz $6m is not what? dude stop flexing lol

@bhorowitz Hell yeah, dude. ben is such a gangster. @bhorowitz is one of the GOATs

@bhorowitz To be honest I always wondered how a tool like slack could get that much wind. Now I don't.

@bhorowitz Turning a failing game studio's last $6 million into Slack is wild.

@bhorowitz Everyone once wanted to found a games studio, it always turns into a SaaS app?

@bhorowitz betting the house on a pivot is the only way to play sometimes

@bhorowitz From desperate pivot to enterprise standard, best $6M ever spent.

@bhorowitz I similarly turned a food app into a customer service chatbot company in 2016 Pretty sure the chatbot platform is still active around the world

@bhorowitz Die besten Ideen entstehen manchmal aus dem größten Druck. Stewart hatte keine Wahl und genau das hat ihn kreativ gemacht. Flexibilität ist alles im Startup-Bereich.

@bhorowitz I have been thinking about arrange a corporation to buy SIDOR controlling stake

@bhorowitz it's -> its

@bhorowitz One of the things I've always admired about Ben. Perspective.

@bhorowitz Unmatched VC mindset

@bhorowitz

@bhorowitz For every Slack pivot there are a thousand internal tools that stayed internal tools. The skill was noticing, not the idea itself.
