Rec Room Part II (with CEO Nick Fajt)

Ah, okay, good to know. So we should not ship tomorrow then. Don't do it tomorrow. Please wait until Wednesday. Yeah. Good day. Glad we asked. I'm gonna send you the press release. So you just it has the embargo at the top. Welcome to season eight, episode four of Acquired. the podcast about great technology companies and the stories and playbooks behind them.

I'm Ben Gilbert, and I am the co-founder and managing director of Seattle based Pioneer Square Labs and our venture fund. PSL Ventures. And I'm David Rosenthal, and I am an angel investor based in San Francisco. And we Are your hosts. In twenty eighteen, we did an episode on the early stage Seattle startup.

Rec room. Founder and CEO Nick Fite joined us at the time to talk about their seed round that they had raised from Sequoia. At that time, they were a popular app in the slow to develop VR landscape with a couple hundred thousand users. and zero dollars in revenue. Earlier today, Rec Room announced in the Wall Street Journal that they had raised one hundred million dollars at a one point two five billion dollar valuation.

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