Oculus

“Oculus outsold Xbox this year. So Oculus sold ten million units, which is about four billion in revenue for Facebook on just the hardware for getting the games and the app store that they have.”

“Actually a huge fraction of the people that I hired for Oculus in the early days were volunteer moderators on the mod retro forums.”

“First time we talked, I think basically we were offered a billion dollars to sell. And we said, no, we're not interested. We think this company is easily going to surpass that value. We think it's not going to be a problem for us to make more money.”

“We had an earn out. That was a, it was a huge earn out. It was hundreds of millions of dollars for the founders of the company. If we could hit certain sales targets, And user user, like hours, hours of time targets. And we actually had four years to hit those…”

“It's a tough business, and I'm not convinced that Oculus would still be around if we hadn't had those resources.”

“One of the things I'm most proud of in my whole career is that everyone who worked at Oculus achieved financial independence because we were able to build something incredible.”

“They were willing to commit billions of dollars a year for a period of a decade or more.”

“I mean, like, honestly, Oculus owes more to the iPhone than anything else. I mean, like, if the iPhone wouldn't have existed, there wouldn't have been broken iPhones for me to buy, unlock, repair, and sell on eBay. Like, cause I made tens of thousands of dolla…”

“We decided that nobody in the company was going to make over a 100,000 dollars. We called it the hundred K club. So we're paying the CEO a 100,000 dollars. I was getting paid a 100,000 dollars.”

“I was locked up on a five-year vesting schedule. So typical would be for, Most of our employees were four. I got locked up for five cause I was a key guy.”