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20VC: Selling Drift for $1.2BN is the Biggest Failure: What No One Tells You About Selling Your Company | Why Incumbents Are Slower & Worse Than Ever | Why the Most Valuable Companies in a World of AI Will Not Have More Than 100 People with Elias Torres
Elias Torres is the Co-Founder and CEO of Agency, the AI agent for customer success teams. Prior to Agency, Elias was the Co-Founder of Drift, a company he sold to Vista for $1.2BN Before that he started Performable, which he sold to Hubspot.
In Today's Episode We Discuss:
03:50 Do Rich Founders Make Better Founders: How Backgrounds Shape You
06:23 Speed: Why are Incumbents Slower than Ever
10:00 Quality: Why are Incumbents Worse than Ever
25:34 Why Was Selling Drift For $1.2BN a Massive Failure
33:30 How Did a Cushy Culture Kill Drift
37:01 What They Never Tell You About Selling for $1.2BN…
The skinny
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