Francisco Olivera, founder of Arevilo Capital, discusses his newest investment in Roblox (RBLX). He covers his vision for the company, why he thinks it's more of a platform than a single game, and how he thinks the company will evolve over time.
Chapters
0:00 Intro
1:15 Roblox Overview
4:25 Comping Roblox to Minecraft and World of Warcraft
7:00 Defining the Roblox business model
11:35 Roblox valuation versus other game companies
18:45 Risk from Roblox's user base
26:25 Sustainability of Roblox's user base
29:38 Growing Roblox's DAU
34:00 Thinking about Roblox's COVID boost
37:00 Content moderation risk
42:00 Upside from Robux or messaging
49:10 Breaking down long term margins
52:40 Roblox's management team
57:15 Capital allocation going forward
59:55 Laying out a reasonable bull case
1:05:45 Quick Falcon and Winter Soldier catch up