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Erik Allebest

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  1. 20VC with Harry Stebbings1h 23m

    Erik Allebest: Scaling to $100M Revenue, 150M Members and 700 People, All with No Vc Funding | E1113

    Erik Allebest, Harry Stebbings

    Chess.com, founded by CEO Eric Alabest in 2005, has scaled to over $100 million in annual revenue by rejecting traditional venture capital for a decade while utilizing a fully remote, globally distributed workforce. The platform achieved massive user growth through strategic pivots like gamified puzzle modes and viral cultural moments such as *The Queen's Gambit*, eventually securing a buyout deal from General Atlantic in 2022 to restructure existing equity. Alabest now steers the company's third mission toward expanding the global chess community by leveraging a "Capitalism 2.0" philosophy that prioritizes organic content growth and innovative retention mechanics over paid acquisition.