En 30 segundos
In this 2023 conversation, Tripledot Studios co-founder Akin Babayigit joins Harry Stebbings to discuss his career, building a mobile gaming company, family and the limits of conventional startup advice. They debate motivation, speed, focus, hiring, valuations and the relationship between founders and investors. Stebbings discloses that he is a Tripledot investor; Babayigit discusses his own company, investments and professional relationships. Industry figures, company accounts, political views and AI predictions are attributed to the speakers and are not independently verified outcomes.
- 1Motivation can take different formsBabayigit says he is motivated by winning and execution even though he does not consider himself a hardcore gamer.
- 2Speed has a contextHe values rapid iteration but says teams should slow down for consequential turns.
- 3Focus and the Luna spinoutHe describes how an internal Tripledot tool became a separate company, with investors given corresponding interests.
- 4A valuation is not cashHe warns that liquidation preferences, debt and option costs can change eventual proceeds.
- 5Operate the game after launchHe argues that data and live operations are central to mobile-game performance.
- 6Founder and fund incentivesThe speakers discuss how a founder’s desired outcome can differ from the return a large fund needs.
Conclusiones
- A founder’s motivation need not take the same form in every industry or company.
- Speed enables iteration, but consequential decisions may require slowing down.
- Focus on execution while retaining room to test alternatives or pivot.
- A private valuation is not cash, and preferences and exercise costs affect eventual proceeds.
- Mobile-game operation and retention matter alongside launch, in Babayigit’s experience.
- Founders and investors should discuss differing ownership, liquidity and outcome incentives openly.
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From Turkey to building a studio
Babayigit recounts his education, Skype, Facebook and the formation of Tripledot.
Harry Stebbings welcomes Akin Babayigit, co-founder of Tripledot Studios. They disclose a close personal relationship and that Stebbings is an investor in the company, context for their discussion of its performance and strategy.
Babayigit grew up in Turkey and, after his mother entered him in an exchange examination, moved to Tomah, Wisconsin as a teenager. He recalls being an outsider in a small town and says the experience gave him confidence that he could adapt elsewhere. He met his wife while studying in Wisconsin.
He left graduate study at Yale, worked at McKinsey and then the United Nations before attending Harvard Business School. He describes consulting as too rigid for his style and says the United Nations was rewarding but did not meet his financial aims. His account is a personal career reflection, not a judgment on every role in those organizations.
At business school he initially tried to fit a culture that did not feel natural to him. In his second year he became more comfortable finding his own friends and learned from conversations about what motivated classmates. He says those relationships, rather than formal lessons alone, were transformative.
At Skype he learned to prioritize ruthlessly. He describes an engineering-led company where conversations with technically strong colleagues pushed him to get to the substance quickly. Stebbings asks how to combine directness with warmth; Babayigit says colleagues who know his intentions understand that direct questions about performance are meant to solve problems, not assert ego.
FarmVille introduced him to a different style of game: users returned repeatedly for short interactions rather than playing one long session. Fascinated by the psychology, he explored the industry and later advised Peak Games. Through that work he joined Facebook in London rather than moving back to Turkey.
He describes Facebook's London office as a startup within a larger company and credits his manager Julien with a major influence. His key lesson is that things are rarely as good or as bad as they appear. He recalls the uncertainty around Facebook's mobile transition and the calm he observed from leadership.
An early mobile app-ad format disappointed partners for months, and Babayigit feared it might fail. He recalls that a bug was found and performance improved sharply, after which game developers adopted it enthusiastically. His estimates of the contribution of a few developers are recollections, not independently verified financial data.
Before founding Tripledot, he joined King to gain direct experience in a game company. He had become frustrated by bureaucracy at large organizations and wanted to do work with more immediate impact. Reconnecting with Lior and Eyal helped him see a chance to build a studio with people he trusted and respected.
Their initial thesis included a familiar market such as solitaire, where demand already existed and the challenge was execution. Babayigit says he valued his co-founders' character and their ability to combine high standards with family life. The host's investment in Tripledot remains relevant to the conversation.
Questioning startup mantras
He discusses motivation, iteration, speed and why entrepreneurship need not follow one script.
The first startup mantra he challenges is that founders must be passionate about their specific domain. Babayigit says he is not a hardcore gamer, though he likes the business and philosophy of games. For him the motivating force is winning and doing work well; he considers domain passion valuable but not mandatory.
When difficult periods arrive, he believes founders need an internal reason to persist, which may be family, achievement or something else rather than the product category. Stebbings mentions studies on parenthood and entrepreneurship, but neither establishes the evidence in the interview. Their discussion is about motivation, not a universal predictor of success.
They discuss money openly. Babayigit says it is acceptable for someone to be motivated by earnings, although he personally emphasizes winning and making his children proud. He also believes relationships are a form of wealth and that money can remove some sources of unhappiness without guaranteeing happiness.
He disputes the idea that every startup must begin with a wholly novel solution to a clearly articulated problem. Tripledot started with a solitaire game in an existing market. He says innovation can emerge through repeated small changes and better execution; he is not arguing that solving a new problem is undesirable.
Babayigit agrees that speed enables more iterations but warns against treating it as an unconditional rule. A team approaching a consequential decision may need to slow down and think. He recalls Facebook's “done is better than perfect” idea and notes that some functions, such as finance, need a different balance.
He cites Playrix founders Igor and Dmitry as operators who, in his account, approached new platforms carefully and executed well rather than simply moving first. He says there is no single secret to execution: it involves attention to detail, judgment about what matters and sustained work. These are his views on other companies, not verified performance analysis.
For a founding team with a proven record, Babayigit says prior work can communicate more than a detailed prediction of exactly what the next product will become. He cites Dream Games as an example and discloses an investment relationship. For a first-time founder without that record, he suggests explaining a defensible plan while expecting it to evolve.
Stebbings asks how investors can tell whether a founder deserves credit when they do not have a long relationship. Babayigit says persistence and responsiveness can be signals, but admits there is no reliable formula. His analogy is recognizing a relationship that works without being able to write an algorithm for it.
Work, family and focus
The conversation covers personal boundaries, financial freedom, pivots and an investor-alignment example.
He rejects the idea that starting a company necessarily makes life miserable. He says the end of his time at Facebook felt frustrating despite relative comfort, while building Tripledot required intense work but felt meaningful. This is his experience, not a promise that entrepreneurship is easy or enjoyable for everyone.
Babayigit describes protecting family time from roughly seven to nine in the evening, followed by a personal break and later work. He says repeated boundaries became known to colleagues. The arrangement worked for his household; he does not present its hours as a schedule others must follow.
Both speakers think some aspects of life become easier with resources, even as the nature of problems changes. Babayigit says financial security gives him more control over his time and lets him decline advisory opportunities he would once have pursued for uncertain future upside. He also says maintaining family relationships remains important.
He questions the advice that a startup must focus on exactly one project at all costs. Tripledot developed internal technology that became Luna Labs, which was later sold to ironSource. In his telling, working on both the studio and the spinout created an opportunity that a rigid rule might have ruled out.
Stebbings points out a possible founder-investor conflict if attention moves to a separate company in which investors do not own shares. Babayigit says Tripledot investors were given matching interests in Luna without additional investment, and that they benefited from the sale. This is his description of the arrangement and reflects both speakers' investment relationships.
Babayigit still favors focus on execution over distractions, but says founders need room to pivot when the chosen direction is wrong. There is no deterministic formula for persistence versus change. Stebbings suggests asking whether the team still has experiments it is excited to try; both see judgment and context as essential.
Stebbings argues that brand, public relations and diversity also require attention early, rather than waiting until a company is already large. Babayigit agrees their importance depends on the situation, but warns that publicity can get ahead of the product. Their disagreement is about allocation of limited attention, not whether culture matters.
Culture, hiring and valuation
Babayigit discusses mission statements, talent, equity and the risks of paper valuations.
On mission and vision statements, Babayigit criticizes generic language written merely because a company believes it must have a statement. He says an honest and clear statement can serve a purpose, but he prefers words that describe what employees actually do. He recalls Tripledot's ambition to be a leading data-driven entertainment company.
Babayigit says some jobs require domain expertise, but he often values hunger, curiosity and learning ability over a familiar company name. He describes Tripledot's marketing team as including people new to gaming and believes skills can be acquired with the right support. His claim that hunger is innate is his opinion, not an established hiring test.
Stebbings shares a negative generalization about younger workers. Babayigit responds with his firm's process: case interviews, modeling exercises and conversations with multiple people. He believes the demanding process helps reveal motivation and rigor, while acknowledging that the company makes hiring mistakes. Neither speaker establishes a universal claim about a generation.
If founders lack a skill themselves, he says they can bring in expertise, consultants or other resources while learning. He does not claim that reading one book makes someone an expert. He favors taking time before hiring and addressing a mismatch promptly, with appropriate support for the work.
His own hiring mistakes included choosing a senior person for a prestigious prior employer or familiar label, only to find that the old playbook did not fit a different organization. He advises evaluating how experience transfers to the new context rather than assuming a title guarantees success.
On valuation, Babayigit warns that a high private mark is not cash in a founder's pocket. Liquidation preferences, debt, exercise prices and potential loans can change what employees or founders ultimately receive. He treats valuation as one possible indication of expected future value, not a complete measure of business quality.
The group discusses cash versus equity compensation. Babayigit says preferences differ across places and personal circumstances; Stebbings notes the risk of joining a startup that never produces a meaningful exit. Babayigit favors sharing upside but acknowledges that someone may need cash to support their livelihood. Neither describes equity as a guaranteed return.
Politics and the gaming market
He shares historical views on the UK and describes his data-driven view of mobile games.
Babayigit offers views on UK politics and entrepreneurship as of 2023, expressing approval of then-prime minister Rishi Sunak's pro-business message. He contrasts his experiences of the US and Europe, and says regulation can slow businesses while quality of life and family stability also matter. These are his political and cultural opinions, not a current policy assessment.
He says tax differences alone have not persuaded him to disrupt his children's established lives in Britain. He weighs schools, friends and family alongside financial considerations. His comments describe his household's priorities, not tax or immigration advice.
Turning to games, Babayigit challenges the idea that mobile gaming success is simply random or hit-driven. He argues that data, ongoing operations, monetization and marketing affect a game's development after launch, and points to repeated successes at studios including his own. That is an interested operator's view, not proof that every game can be engineered into a hit.
He says he would consider investing in a founder without a previous hit if they can explain their learning and operational decisions. His domain knowledge helps him ask specific questions about marketing and monetization. He also accepts that missed investments are inevitable and mentions Moon Active as an opportunity he did not pursue, while noting a co-founder's investment.
Babayigit believes the gaming market is frequently underestimated and discusses pachinko, gambling-related activity and advertising as examples of different possible boundaries. His large industry comparisons are illustrative claims in the interview; the definitions of revenue and market coverage are not established there and should not be treated as comparable audited totals.
He argues that some games retain users for long periods and says Tripledot watches metrics such as day 90, 365, 540 and 720 retention. He questions valuation comparisons between gaming and subscription software, while acknowledging different monetization models. His comments come from a gaming-company founder and are not an independent valuation analysis.
Gaming, AI and investment
He discusses game retention, monetization, AI tools and early-stage investing.
He cites successive puzzle-game successes and Subway Surfers as examples of continued innovation and longevity. He suggests games have often adopted new platforms early and can become part of a user's routine. His comments on individual games and their ages are recollections, not verified statistics.
A large game company, in his view, can monetize through in-app purchases, advertising or a combination. He notes that Tripledot relies heavily on advertising and believes the model is underappreciated. His company has a direct commercial interest in that assessment.
Babayigit says Tripledot is experimenting with AI tools for creative work, ideation, marketing, operations and monetization. He gives an example of reducing the time to make a 3D model from days to minutes, but says the tools are still early. This is his report of company experience, not a controlled productivity benchmark.
As an early investor, he does not consider proprietary data an automatic prerequisite for a valuable AI application. A tool may solve a useful problem even when it relies on another model, and the business can evolve. This is his investment perspective and involves his own interests.
Personal reflections and venture advice
The interview closes with family, grief, hiring and founder-investor alignment.
In the quick-fire discussion, Babayigit describes his experience with obsessive-compulsive disorder and says an Allen Carr book helped him stop smoking. He recounts his personal experience only; it does not establish a treatment or guarantee that the same approach will work for others.
He says his greatest fear concerns his children and whether he can help them lead safe, meaningful lives. He describes being raised by grandparents and a distant relationship with his father, and credits his grandmother with providing support. His view of parenthood is personal rather than a judgment of people who choose not to have children.
He reiterates his preference for initiative, persistence and substance over prestige in hiring. He and Stebbings trade stories about earning money when young, while Babayigit says no single biography should become a mechanical hiring rule.
The loss of his grandmother was profoundly painful, he says, and influenced his willingness to pursue entrepreneurship despite uncertainty. He reflects that life is finite and that people often spend less time judging one another than we imagine. It is a personal way of making sense of loss, not advice to minimize grief.
On venture capital, Babayigit cautions investors against presenting generic advice as certain when they do not live with a founder's daily details. Stebbings counters that a useful introduction, such as helping recruit a sales leader, can have concrete value. Babayigit agrees assistance can help, but prefers support offered when founders need it to imposed prescriptions.
They identify a potential conflict between founder and fund horizons: an outcome that is life-changing for a founder may not meaningfully move a large fund. Stebbings says this can shape growth advice, while Babayigit urges both parties to discuss goals, liquidity needs and constraints openly. Both have financial relationships relevant to the debate.
Asked where he hopes to be in 2028, Babayigit says he cannot know, but wants to try to build a lasting company while enjoying his work. He puts personal and family health ahead of professional ambitions. Stebbings thanks him, and the interview closes.
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