BREAKING: Twitch Founder/CEO Resigns - What I Learned From Him

**SPEAKER_1** (0:00)
All right, there's this amazing book called Getting Everything You Can Out Of All You've Got. I read it a few years ago and it changed my life.
And the reason I loved it was because it basically talks about how to get and make more money using things that you already have.
Coincidentally, today's podcast is brought to you by Business Made Simple. It's a podcast by Donald Miller, who I'm gonna tell you about in a second, but he has this amazing episode that's all related to this book and the things that I learned in this book. It's called How To Make Money With What You Already Have. It's an incredible episode. It talks about all the stuff that I learned in this book. The host is Donald Miller. I didn't know who Donald Miller was up until recently, but over the last 12 months, this is totally by coincidence. It was all separate people. They said, you have to check out Donald Miller. He's amazing. So I'm happy that he's part of HubSpot's podcast network. You can check it out, Business Made Simple Podcast. It's where he coaches you on how to build your business like an airplane, where the cockpit is your leadership, the body is your overhead, the right engine is your marketing, the left engine is your sales.
You have to check it out. This guy's amazing. It's called Business Made Simple with Donald Miller.

**Shaan Puri** (1:12)
What's up, y'all, Sean here. I wanna do a special episode because the CEO of Twitch resigned today. And this is a guy I got to know well because Twitch acquired my last startup, and I worked with Emmett for a while. He's been there for 16 years. He was the founder, the creator of Twitch, which is basically one of the biggest platforms in the world, one of the biggest social networks in the world, millions and millions and millions of users. I think they have eight million streamers, let alone viewers that they talk about. And it's a multi-billion dollar company, so probably somewhere between $5 and $10 billion in terms of what he's built. And I got to sit in the room with this guy every week for a few hours at least interacting with him. And over time you observe, what is it about these people? I've always wondered, what would it be like to work with Mark Zuckerberg? What are they actually like? How do they actually work? Are they any different? Do they just get lucky? Are they just looking at a lottery ticket winner? Or is there something different about this individual that led them to do this? And no surprise, I think there are some differences, some amazing things. So I wanted to share with you some stories because at Twitch's office, there was nine floors. And so at the ninth floor, the top floor, there's this boardroom. It's got like 20 chairs. And Emmett would just sit at the head of the boardroom at the table, like some emperor or something like that. And he would, a team after team would come in and they would present whatever's going on in that division of the company, ads or marketing or whatever it may be. And what he would do is he would sit there, he would talk to that team for 45 minutes or one hour, and then boom, onto the next. And so this guy operated at a extremely high pace. And I wanna share with you eight or nine things that I think were different or special, or at least a story that I remember for having worked with this guy. So the first story I'm gonna call the birds fly story. Okay, so I remember sitting in a meeting with Emmett and this team walked in and there was, I think it was a partnerships team or marketing team or whatever, and they were super excited because they had just, they were like, hey, we had this great meeting with this company. They said they wanted to pre-install Twitch on all these phones and this is gonna get Twitch a big headstart in this market and it's gonna be great. We're projecting this much growth, this much revenue, blah, blah, blah.
And they were so excited. They thought they were bringing in this trophy and they were gonna just hold it up and get applause from everybody. And hey, it was a good deal, but Emmett sat quietly for a bit. He asked questions and then he kind of reminded them something. And he said, you know, I learned this phrase from Paul Graham at Y Combinator, birds fly, fish swim and deals fall through.
Like that's what they do, deals fall through. That's just a thing that happens. And sure enough, over the course of that year, I saw so many teams come in and present deals that were on the table, verbally agreed, being discussed, maybe even signed, and this is exactly, he would say this line and more often than that person was willing to admit, the deals fell through. And so this is something I took with me, which is never to get too high or too low when it comes to deals, M&A, partnerships, anything like that. Just remember, this is what deals do. They fall through. Birds fly, fish swim, deals fall through. All right, ready to give you a second story.