Unity Technologies

“Airbnb, DoorDash, Unity, Snowflake I'm sure I'm missing a few others. Mongo, Square.”

“And I plowed a bunch of money into Unity instead of NVIDIA. I was looking at the two and I was like, is it Unity or NVIDIA? And I should have just bet on both, but instead I picked Unity and Unity has done nothing and NVIDIA became the most valuable company in…”

“And now the sort of, you know, heads up displays that you see in, you know, Rivian is powered by unreal. BMWs is powered by unity.”

“In the long term, if current trends continue, Unreal is likely the engine of choice in the not too distant future.”

“Over the past two years, they've had DoorDash, Airbnb, Snowflake, Unity, all these incredible companies worth over three hundred billion dollars combined.”

“When we were 30 people, I moved to San Francisco and raised money from Sequoia Capital. First round, actually, five million dollars with Rola Fulta joining the board.”

“We were 30 people when we raised the round, and profitable, and we actually remained sort of break-even-ish, profitable for quite a while.”

“Of all the sort of, I met a lot of people along the way, but of all the people I had conversations with, he just understood the games industry the best.”

“Running companies is like a liberal art, right? It's not an engineering discipline.”

“They made us a very strong offer very quickly, like eight days to get a term sheet, and it was basically the best term sheet we had.”

“When the company got to a level where that seemed kind of almost certain for me and my co-founders, I think I just relaxed a bit. And it's like, yeah, like the rest is just fun and glory.”

“One of the first decisions was to go change the business model of the company because the company had bootstrapped until that we were the Series A investor in the company in They never had outside capital, they didn't have a board, and so they always charged f…”

“BMW sent that on to Car and Driver and asked their writers and their readers to try to figure out which was the real car and which was the drawn car, the animated car, the one created in Unity, and they couldn't tell. By the way, no one can.”

“And today, twenty million is just about three to 3.1 billion every, you know, downloads per month in content building Unity.”

“At any given point in time, using mobile as an example, it's not just the top 100 we've cracked, but, you know, the fastest growing game in the world today, Call of Duty, or products like you know, Mario Kart Tour, Pokemon Go, Honor of Kings, the biggest game …”

“Five years ago, 80% plus of the games that were built were built using tools created by the publisher. That's not true any longer. Unity by itself has got over half of all games, two-thirds of all AR, VR is built in Unity and so the self-made tools from the pu…”

“Things like Ready Player One, the film, I can talk about if it's a long discussion, it was produced in Unity, the film by Steven Spielberg, or at least PreViz was done in Unity.”

“So, I mean, just in Unity alone, we track about two to two and a half billion users per month.”

“Unity's working on technologies where, you know, semantic content creation, but you start to draw a river and it finishes itself, because it knows that you're drawing a river.”

“So we're essentially a sales automation sales enablement platform, but you know, what we're doing differently is we're using the unity gaming platform.”

“Well, the most recent one, we did two toward the end of the year. One was unity and the second was Giphy, and Giphy, I had to get them to say yes. They actually weren't raising money, and one of the ways we like to operate is being a little preemptive, and we …”

“They have a near nearly two million developers that build on their game. These games Reach nearly a billion gamers every month”

“Already they've repurposed or redirected that That development platform towards VR and AR software applications and have 70 to 80% market share of all development that's happening in VR and AR.”

“On the flip side, the funny thing about AR, VR is probably the most valuable thing to invest in as Sequoia already did, which was Unity.”

“Just last week, Unity raised one hundred and eighty one million dollars in Series C funding, with the company's valuation reported to be 1.5 billion dollars.”

“If you have a user-friendly platform, and everything else in your industry is really not user-friendly, you could maybe, instead of, You know, selling it a few times for a lot of money. You could sell it for a little bit of money a lot of times.”

“People are attracted to Creating the kind of media that they consumed as children, and we'd all played games, and it seemed logical that there would be some, I don't know, he, well, he felt that there would be kind of a, an explosion of small game developers, …”

“And for various reasons, nobody else really cared about it for a while. So we were kind of the only player there for quite a while. Of course, you know, because all the money was in console gaming, which is a very different everything actually.”

“We picked the macromedia business model, which, you know, is sort of, like, morphed into the Adobe business model, which was, you know, professional software, roughly a thousand bucks per user, and then you might sort of upgrade once every few years.”

“We got 45 rejections or so, and then in the end we had five term sheets.”

“There was a couple of times when we could have probably made some money, but you know, the acquirer was clearly not aligned with that idea. Not because they're bad people, just because they're completely different interests. And in that case, it was very easy …”

“As a founder, almost certainly not. Plus Unity keeps me busy. It's just like, it's sort of a Big B stuff of interesting projects and innovation and teams and brilliant people that it sort of keeps me occupied. No, it's hard. It's hard for me to imagine that I …”