An EA co-founder on why every IPO he touched fell 70%, then recovered | Sozzi Unleashed

Bing Gordon co-founded Electronic Arts, spent a decade as its Chief Creative Officer, sat on the Amazon board through the years it poured billions into AWS with nothing to show for it, and now sits on Take-Two's board as it prepares to ship Grand Theft Auto VI. He tells Brian Sozzi that every company he has been involved with through an IPO dropped more than 70% within two years and then recovered, which is why he would rather Anthropic left money on the table than priced for perfection. He also explains what is actually holding GTA 6 up, and the one thing he still wants AI to do for game characters. Featuring Brian Sozzi, Executive Editor, Yahoo Finance Bing Gordon, Co-Founder, Electronic Arts, and Chief Product Officer, Kleiner Perkins Disclosure: Bing Gordon is a member of the Take-Two Interactive board of directors. Take-Two publishes Grand Theft Auto VI, which is discussed in this interview. Watch the full episode of Sozzi Unleashed: https://www.youtube.com/watch?v=IOHdBxctmU4 Timestamps 0:00 Why the Anthropic story reminds him of early Amazon 1:35 How Bezos won the board over on AWS capex 2:58 Every IPO he touched fell 70% and recovered 5:31 What success looks like for GTA 6 6:37 Why GTA 6 has taken this long 8:20 The wow moment, and why you stay 90% of the way there 10:41 What he wants AI to do for game characters #GTA6 #Anthropic #IPO #SozziUnleashed #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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