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Robert Smith

๐Ÿ‘ค Speaker
1160 total appearances

Appearances Over Time

Podcast Appearances

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

And he started in the early 70s a venture capital firm called Sequoia.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

Yeah, like one of the, you know, maybe two or three biggest, most important VC firms.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

But at this time, it was Valentine and he went to visit Atari.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

He smelled the weed smoke.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

He said it was enough to knock you to your knees.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

At some point, he took a meeting in the hot tub.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

And so he's like, yes, it's obviously super sketchy.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

But also, he was like, oh, these guys are onto something.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

This could be a way to get the computer into the house, this giant transformative thing.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

And so he offers Bushnell this interesting deal.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

He says, I'm not going to give you money to start with, but I will help you.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

I will help you, you know, find a partner, essentially, so that you can get to the next level.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

And if you don't screw it up, then I'll give you money.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

And, you know, the key thing Valentine wants to help Atari with at this point is how do you get this little stoner video game company connected with a big national retailer to distribute their first consumer product across the country?

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

So they're working on this together and Toys R Us turns them down.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

Radio Shack turns them down.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

Oh, they're waiting for the big Tandy computer they're going to sell years later.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

Shout out the TRS-80.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

They go to the New York Toy Fair.

SNAFU with Ed Helms
From Business History: How E.T. The Extra-Terresterial Destroyed Atari

Nobody's interested.