# Rec Room Part II (with CEO Nick Fajt)

An episode of [Acquired](https://invisiblenetwork.ai/podcast/1050462261), 24 Mar 2021, 1 h 50 min.

Audio: https://pscrb.fm/rss/p/media.transistor.fm/cb27a797/5ae3c435.mp3

Last Acquired left the plucky Rec Room crew in our 2018 "Part I" episode, they were a seed stage startup making a VR game that users loved but grew slowly and barely monetized. Fast forward to today, and they're now a multi-platform social "place" with millions of active users, 500%+ YoY growth and hosting a robust creator economy that's rivaled only by their oft-compared metaverse cousin Roblox in dynamics and efficiency. And oh yeah, they're now a $1B+ company after a new $100m fundraise from existing investors Sequoia and Index, which they're announcing today. We figured it was high time to revisit Nick & crew for a Part II... Sponsors: • ServiceNow: https://bit.ly/acquiredservicenow26 • Legora: https://bit.ly/acquiredlegora • Vanta: https://bit.ly/acquiredvanta • Statsig: https://bit.ly/acquiredstatsig26 More Acquired! • Get email updates with hints on next episode and follow-ups from recent episodes • Join the Slack • Subscribe to ACQ2 • Merch Store! © Copyright 2015-2026 ACQ, LLC The Rec Room Playbook is available on our website at https://www.acquired.fm/episodes/rec-room-part-ii-with-ceo-nick-fajt Links: • Our "Part I" episode with Nick on Rec Room's seed round: https://www.acquired.fm/episodes/season-2-episode-2raising-a-seed-round-with-against-gravity-ceo-nick-fajt • Rec Room! https://recroom.com Carve Outs: • Invent and Wander: https://www.amazon.com/Invent-Wander-Collected-Writings-Introduction-ebook/dp/B08BCCT6MW/ • Resonant Arc on YouTube: https://www.youtube.com/channel/UCFzWAEPDGiY34bGpwM_DWmA • How The Economic Machine Works by Ray Dalio: https://www.youtube.com/watch?v=PHe0bXAIuk0

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