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tofu tournament fund

Blogs > tofucake
Post a Reply
tofucake
Profile Blog Joined October 2009
Hyrule19249 Posts
August 09 2010 16:51 GMT
#1
So I've got a decent (if annoyingly hard) job in which I make some pretty good money. I've bought my new computer, and I have enough to pay for all my bills and still save a bit. Which basically leaves me with $300-600 per month of extra income (depending how much I splurge on things...)

I've already added some money to the prize pool of 2 different tournaments, and I was thinking...why not more?

There are plenty of people out there (I'm guessing) who wouldn't mind pitching in some money for tournament prize pools, but can't spare more than a few dollars. So I've been considering setting up an account in which I'll put in a couple hundred every month, and I'll ask that anyone who wants to contribute to it can (ie: send $5 over Paypal). The fund would be used solely to add to SC2 tournaments' prize pools.

Before I get into the logistics of how tournaments could ask for some money, I'd like to get an idea of what the community thinks of the idea, and how much you guys think everyone would put into the pot.

Liquipediaasante sana squash banana
micronesia
Profile Blog Joined July 2006
United States24796 Posts
Last Edited: 2010-08-09 17:07:36
August 09 2010 17:07 GMT
#2
No I don't think it's okay to make your own personal prize fund named after you to be used for questionable purposes.

edit: and was your intro about your job really necessary?
ModeratorThere are animal crackers for people and there are people crackers for animals.
tofucake
Profile Blog Joined October 2009
Hyrule19249 Posts
August 09 2010 17:11 GMT
#3
I'm not NAMING it the tofu tournament fund, it's just something to call it until I decide if I'm actually going to go through with it or not. If you have another idea for how to pool money from multiple people and divvy it out to different tournaments, go for it. This is just a concept at the moment.

And I was just trying to reassure everyone that I make enough to start this off and I'm not just asking for people to put money into my bank account.
Liquipediaasante sana squash banana
2Pacalypse-
Profile Joined October 2006
Croatia9554 Posts
August 09 2010 17:19 GMT
#4
Obviously if this is gonna work there needs to be a 3rd party, someone reliable and respectable from teamliquid staff, into who's account money WILL be pouring in.

Now let's hear nominations.
Moderator"We're a community of geniuses because we've found how to extract 95% of the feeling of doing something amazing without actually doing anything." - Chill
micronesia
Profile Blog Joined July 2006
United States24796 Posts
August 09 2010 17:20 GMT
#5
Although tofucake isn't representing his cause very well, I think he is interested in discussing the idea of a tournament fund that can be donated to by anyone. Rather than discuss who will do this I think discussing the logistics/details of it would be better.
ModeratorThere are animal crackers for people and there are people crackers for animals.
tofucake
Profile Blog Joined October 2009
Hyrule19249 Posts
August 09 2010 17:45 GMT
#6
Yeah, I'm kind of distracted at the moment, so my writeup isn't the best. But before I get into logisitics (which won't matter if nobody is going to donate), I want to get an idea of if anyone WOULD donate (thus requiring logistics).

I'd not like to burden anyone on TL with this, and I was kind of hoping people would trust me, but if people would rather have someone else hold the money, than by all means, let them. My concern with that is then that person has to deal with sending money to people on top of whatever else they do, which was what I was going to handle (TL staff is working themselves too hard already anyway; they all need a vacation).

Anyway, if I have to run this myself for a few months before people would trust me enough, then that's what I'll do (I'm already doing it, actually, no NYAH).

My goal is to give more tournaments an incentive for people to join. That's all.
Liquipediaasante sana squash banana
micronesia
Profile Blog Joined July 2006
United States24796 Posts
August 09 2010 17:54 GMT
#7
Keep in mind the details/logistics about how the donations/etc will occur has a large impact on whether or not people will donate or how much they will donate.
ModeratorThere are animal crackers for people and there are people crackers for animals.
Diamond
Profile Blog Joined May 2009
United States10796 Posts
August 09 2010 17:57 GMT
#8
Just as a credibility thing, Tofu is the one providing the $200 cash for the ITL Grand Prix.
Ballistix Gaming Global Gaming/Esports Marketing Manager - twitter.com/esvdiamond
tofucake
Profile Blog Joined October 2009
Hyrule19249 Posts
Last Edited: 2010-08-09 18:02:30
August 09 2010 18:00 GMT
#9
I guess so. Right now I'm just paying out of my main checking account via Paypal, and I don't have to worry about donations etc...

My concept right now is:
I (or whoever people decide should do it) will set up a new account at whatever bank
A Paypal account will be linked to the account and confirmed
People can send whatever amount they want via Paypal, with stipulations in the comments field (IE: for Bronze-Gold tournaments only, or whether they want it to be an anonymous donation)

As for getting money...a thread? I'm still working this out. Tournament organizers can post and say "hey, I'm having this tournament, can I get some money for the prize pool?". A panel of people (TBD) will look at the tournament, funds available, etc, and together will decide how much will be granted.

So...sort of a mini company? Anyone who donates would be able to say "I think person X should be a panelist) and those people who get most nominations or whatever would be allowed to give their say (well...anyone really, but "official" people will have stronger pull).

That's one idea. Or 4 stuck together.

But if there's serious interest in this, then we can get together and flesh out the idea more thoroughly. If anyone wants to help me design the structure of payments received/granted, then it will go more quickly.
Liquipediaasante sana squash banana
micronesia
Profile Blog Joined July 2006
United States24796 Posts
August 09 2010 18:31 GMT
#10
Since you've been making paypal transactions already let me ask you...

When someone sends money into the account, will there be a fee? When you send money from the account to a winner, is there a fee? How does that work?
ModeratorThere are animal crackers for people and there are people crackers for animals.
tofucake
Profile Blog Joined October 2009
Hyrule19249 Posts
August 09 2010 18:39 GMT
#11
Since my Paypal is linked to my bank account, no. If it were linked to a credit or debit card, there would be a 2.9%+$0.30 fee payed by the recipient.
Liquipediaasante sana squash banana
micronesia
Profile Blog Joined July 2006
United States24796 Posts
August 09 2010 18:40 GMT
#12
Oh that's awesome. I wasn't sure about that. Also, what does the recipient (winner) need in order for you to send them money.... a paypal account?
ModeratorThere are animal crackers for people and there are people crackers for animals.
tofucake
Profile Blog Joined October 2009
Hyrule19249 Posts
Last Edited: 2010-08-09 18:43:51
August 09 2010 18:42 GMT
#13
Just a Paypal account. They can use any money in their account to order stuff online from any site that supports Paypal as a payment method, or if they've linked their Paypal account to a bank account they can transfer any funds received directly into their bank account. You can also get a Paypal Visa debit card (I think it's Visa, might be Mastercard?) which acts like a normal Visa/Mastercard Gift Card.

The way mine is set up, I've (again ) linked my Paypal and bank accounts, so if I spend more on my Paypal card than is in my Paypal account, it automagically withdraws the required money from my bank account to cover the costs.
Liquipediaasante sana squash banana
tofucake
Profile Blog Joined October 2009
Hyrule19249 Posts
August 11 2010 20:33 GMT
#14
Well it seems like nobody cares. So I'm just going to keep funding whatever tournaments I feel like. If anyone wants to donate to the overall fund, shoot me a PM and we will work something out.
Liquipediaasante sana squash banana
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