Loom's OpenTest Evolution

A story about how the founders of Loom (originally OpenTest.co) were in early mastermind groups before becoming a billion-dollar company.

"In our mastermind groups, Loom was there - that's a billion dollar company now. I remember trying to mentor Shai and saying 'Don't worry, you'll figure it out. Maybe it's not this one, but when you get to your real game you're gonna be good because of this experience.'

It was called OpenTest.co at the time, and it felt so shaky because it was their first time doing all this stuff. The narrative at the time was 'don't invest in other people's startups.' If you wanted to make it in Silicon Valley, you had to give laser focus.

That was my mistake in my twenties - I came to San Francisco and listened to all these VCs with their narratives. If I were to redo it, I would just be doing what I'm doing now - focusing on communities, doing agency services, focusing on niches, just building and experimenting without needing to have the biggest exits in the world."

01:29 - 01:52
Full video: 10:38
SP

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.

WebsiteTwitter
Host
Restaurateur
E-commerce