Erik Allebest
15 statements across 1 episodes · 3 bullish · 4 bearish · 1 people on the record · first statement Dec 27, 2024 by Erik Allebest · across every show →
On the record as a speaker too: Erik Allebest's record, appearances and statements → this page counts the times other people say the name.
Everything said about Erik Allebest, oldest first
Dec 27, 2024 positive
Dec 27, 2024 negative
Allebest: Pure executive leadership makes no sense for startups under 20 people
“There's not really a role for a leader in a startup that's, you know, you got to get your hands dirty. You got to roll up your sleeves. You have to have vision. You have to be directive. You know, and so I think, you know, being a CEO leader at an, you know, a…”
Dec 27, 2024 negative
Allebest: Running Chess.com today is much more stressful than his earlier ventures
“I, you know, in, in many ways I was happier than I am today because the stress of chess.com today is so much more than it was back then. So, you know, I don't wish a huge success on anyone. It can be quite a burden at times to be totally honest.”
Dec 27, 2024 neutral
Dec 27, 2024 negative
Allebest: Founders are naive about the friction of forced VC exits
“I think people are a little bit Naive about the downsides of raising money. Ultimately your investors will want an exit and it may not be at the same time as you. And for a business that's as mission driven as chess.com is, it's, it has at times been irritatin…”
Dec 27, 2024 negative
Dec 27, 2024 positive
Allebest: Most PE and VC Firms Passed Before General Atlantic Buyout
“Met with a lot of private equity and venture firms. And, you know, most of them passed. They still couldn't see the vision of where chess could go. They still thought they said the same things, you know, the market isn't big enough, et cetera. But, you know, G…”
Dec 27, 2024
Allebest: Chess.com maintained a flat reporting structure until reaching 400 employees
“Up until about 400 people on our team, We had a kind of everybody was reporting to me in some ways. It was extremely flat company. You know, everybody was emailing me their weekly reports. I was responding to, you know, two, three, 400 emails every weekend.”
Dec 27, 2024
Dec 27, 2024
Dec 27, 2024
Allebest: Seeded Chess.com with $700k leftover from prior e-commerce sale
“I think I sold the business for a little under two million dollars, something like that. It was actually less than that. It was like one and a half million, if I remember correctly. And then I paid, so after I paid taxes, I had about a million dollars. And the…”
Dec 27, 2024
Dec 27, 2024 neutral
Dec 27, 2024