No Priors

Sarah Guo × Erik Allebest

Chess.com is on track for a little over $200 million in revenue this year with 10M DAU, 40–50M MAU and 250M+ registered members, achieved without primary capital after a $56K 2005 domain purchase.Cash-flow-funded product and community compounding lifted the baseline through successive demand waves, while the secondary-only CVC deal and General Atlantic reinvestment improved operational maturity.Gambit and the billion-player ambition extend expansion paths, while cheating enforcement and AI governance remain risks to monitor.

Elad Gil × Jeremy Allaire

Roblox is extending a 20-year Holodeck thesis into an AI-driven, physics-backed shared world where 10,000 participants can modify synchronized environments in real time.Its prospective moat is a hybrid architecture supported by 13 billion monthly hours of interaction data, vectorized history, and specialized systems for multiplayer state, NPCs, 3D, and photorealism.The commercial waypoint is roughly 300 million DAUs, or about 3x Roblox’s current position, while quality expectations, privacy, and the unresolved human-AI relationship remain key execution risks.

Sarah Guo × Elad Gil × Dave Baszucki

Roblox’s AI roadmap extends its long-standing multiplayer Holodeck vision toward photorealistic 4D worlds, 10,000 participants, and NPCs with persistent memory.Its 13 billion monthly interaction hours could support replayable vector data, embodied agents, and virtual doppelgangers, while cloud-native generation lets creators serve richer assets dynamically.The commercial catalyst is leverage for creators, not their disappearance, but rising consumer quality expectations may absorb productivity gains and intensify competition.

Sarah Guo × Luis von Ahn

Duolingo turns motivation into a product advantage, using two-minute lessons, 16,000 A/B tests, and an approximately 83% success target to drive retention.LLMs reduce content costs and expand courses, while 116 million monthly users, proprietary learning data, and brand offer defenses against an uncertain platform shift.