Twitch's Strategic Exit Choice
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Shaan shares a story from his decision register about choosing to sell his company to Twitch instead of Facebook, despite a higher offer from Facebook.
"A decision I made was to sell to Twitch and not to Facebook - those were the 2 final companies that gave us good offers. We turned down more money from Facebook to take the Twitch offer.
It felt big in the moment. The reason was after 6 years of a startup, I was tired. Facebook was looking at us like we were going to save their gaming initiative. Whereas Twitch had already won - I could just cruise control when I'm here. I wanted to play for the winning team versus trying to take the underdog from the bottom of the league to the top in this industry.
I know what I got out of it so I think it was a good call. I'm happy with the decision, but you never know and that's how a lot of these decisions go."
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.