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 | The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch | Podwise
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
This 20VC podcast episode features an interview with Elias Torres, founder of Agency and co-founder of Drift (sold for $1.2 billion). The conversation covers Torres's entrepreneurial journey, his perspective on managing large companies ("elephants can't dance"), the impact of AI on business models (favoring smaller, more agile teams), and his unique approach to hiring and firing. Torres emphasizes the importance of speed and execution in the tech industry, advocating for a shift from labor-intensive to compute-driven models. He also shares personal insights on balancing work, family, and the complexities of building a lasting business legacy.
