<p>Last Acquired left the plucky Rec Room crew in our 2018 "Part I" episode, they were a seed stage startup making a VR game that users loved but grew slowly and barely monetized. Fast forward to today, and they're now a multi-platform social "place" with millions of active users, 500%+ YoY growth and hosting a robust creator economy that's rivaled only by their oft-compared metaverse cousin Roblox in dynamics and efficiency. And oh yeah, they're now a $1B+ company after a new $100m fundraise from existing investors Sequoia and Index, which they're announcing today. We figured it was high time to revisit Nick & crew for a Part II... </p><p><br></p><p></p><p><strong>Sponsors:</strong></p><ul><li>Legora: <a href="https://bit.ly/acquiredlegora">https://bit.ly/acquiredlegora</a></li><li>Vanta: <a href="https://bit.ly/acquiredvanta">https://bit.ly/acquiredvanta</a></li><li>ServiceNow: <a href="https://bit.ly/acquiredservicenow26">https://bit.ly/acquiredservicenow26</a></li><li>Statsig: <a href="https://bit.ly/acquiredstatsig26">https://bit.ly/acquiredstatsig26</a></li></ul><p><br></p><p><strong>More Acquired!</strong></p><ul><li><a href="https://www.acquired.fm/email">Get email updates</a> with hints on next episode and follow-ups from recent episodes</li><li><a href="http://acquired.fm/slack">Join the Slack</a></li><li><a href="https://pod.link/acquiredlp">Subscribe to ACQ2</a></li><li><a href="https://www.acquired.fm/store">Merch Store</a>!</li></ul><p><br>© Copyright 2015-2026 ACQ, LLC</p><br><p>The Rec Room Playbook is available on our website at <a href="https://www.acquired.fm/episodes/rec-room-part-ii-with-ceo-nick-fajt">https://www.acquired.fm/episodes/rec-room-part-ii-with-ceo-nick-fajt</a></p><p>Links:</p><ul><li>Our "Part I" episode with Nick on Rec Room's seed round: <a href="https://www.acquired.fm/episodes/season-2-episode-2raising-a-seed-round-with-against-gravity-ceo-nick-fajt"> https://www.acquired.fm/episodes/season-2-episode-2raising-a-seed-round-with-against-gravity-ceo-nick-fajt</a></li><li>Rec Room! <a href="https://recroom.com/">https://recroom.com</a></li></ul><p>Carve Outs:</p><ul><li>Invent and Wander: <a href="https://www.amazon.com/Invent-Wander-Collected-Writings-Introduction-ebook/dp/B08BCCT6MW/"> https://www.amazon.com/Invent-Wander-Collected-Writings-Introduction-ebook/dp/B08BCCT6MW/</a></li><li>Resonant Arc on YouTube: <a href="https://www.youtube.com/channel/UCFzWAEPDGiY34bGpwM_DWmA">https://www.youtube.com/channel/UCFzWAEPDGiY34bGpwM_DWmA</a></li><li>How The Economic Machine Works by Ray Dalio: <a href="https://www.youtube.com/watch?v=PHe0bXAIuk0">https://www.youtube.com/watch?v=PHe0bXAIuk0</a></li></ul>