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Pushing the major banks to get behind E-Sports! - Page 3

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FeUerFlieGe
Profile Joined April 2011
United States1193 Posts
August 13 2012 17:57 GMT
#41
How about we just rob banks. I'm sure some of us are good hackers.

If they banks are sitting on so much money, why not hack into them and transfer the money to 10000 separate accounts across the globe. Then divide the money further, buy a ton of swag with it, sell the swag for street profit. And now we have a lot of cash money we can deposit into one large bank account for eSports.
To unpathed waters, undreamed shores. - Shakespeare
finlurrrr
Profile Joined April 2012
United States37 Posts
August 13 2012 18:00 GMT
#42
On August 14 2012 02:57 FeUerFlieGe wrote:
How about we just rob banks. I'm sure some of us are good hackers.

If they banks are sitting on so much money, why not hack into them and transfer the money to 10000 separate accounts across the globe. Then divide the money further, buy a ton of swag with it, sell the swag for street profit. And now we have a lot of cash money we can deposit into one large bank account for eSports.


That's what FullTiltPoker tried to do and the FBI shut 'em down. Your idea was funny but unhelpful. :/
“He who knows how will always work for he who knows why.”
phiinix
Profile Blog Joined February 2011
United States1169 Posts
August 13 2012 18:10 GMT
#43
Why do I and bonifaceviii think you're trolling? Here's why. Did you REALLY suggest that we should add members of the disabled and under represented minorities to teams so that banks would sponsor esports? I don't want to sound rude but you should really consider your thoughts some more before you hit the post button. -insult removed- You're certainly not viewing the problem with the growth of esports from the right perspective, nor do I feel you are asking the right questions. Here's what you're suggesting: I have a meeting with an important investor at a bank.

I say "Sir/Ma'am, I have an investment proposition for you"
"What is it?"
"I think you should invest into the emerging market of eSports, competitive gaming. The market is for people in the age range of 18-28 who are mostly from the middle class with internet access."
"Sounds interesting, why would this be a good idea?"
"Because the biggest teams in the scene just added a disabled war vet, a homosexual, and a cancer patient and I know how much you value good will"
"..."
finlurrrr
Profile Joined April 2012
United States37 Posts
Last Edited: 2012-08-13 18:24:44
August 13 2012 18:23 GMT
#44
On August 14 2012 03:10 phiinix wrote:
Why do I and bonifaceviii think you're trolling? Here's why. Did you REALLY suggest that we should add members of the disabled and under represented minorities to teams so that banks would sponsor esports? I don't want to sound rude but you should really consider your thoughts some more before you hit the post button. -insult removed- You're certainly not viewing the problem with the growth of esports from the right perspective, nor do I feel you are asking the right questions. Here's what you're suggesting: I have a meeting with an important investor at a bank.

I say "Sir/Ma'am, I have an investment proposition for you"
"What is it?"
"I think you should invest into the emerging market of eSports, competitive gaming. The market is for people in the age range of 18-28 who are mostly from the middle class with internet access."
"Sounds interesting, why would this be a good idea?"
"Because the biggest teams in the scene just added a disabled war vet, a homosexual, and a cancer patient and I know how much you value good will"
"..."


Sorry I thought you knew my reference to down syndrome was a joke. I'm trying to say we need players who have a marketable appeal (someone who overcame a hardship, or someone who comes from a minority group). The rest of my post was serious, and I believe I asked the right question in my most recent post before this one:

Thanks for this feedback. I'm accepting the idea that this might be negatively profitable. I'm also accepting the idea that it will not generate goodwill due to the negative image which progamers face. How can we change the image problem facing the starcraft community so that we can appeal to disgruntled corporations looking to spend a few hundred k's in order to invest in their own goodwill by sponsoring Esports?
“He who knows how will always work for he who knows why.”
Lokerek
Profile Joined December 2011
United States441 Posts
August 13 2012 18:24 GMT
#45
I can only imagine

GS acquires Evil Geniuses

GSIdrA

There is way too much hate on EG and if they merged with GS there would be 2x more haters

Conclusion = Bad Idea :D
finlurrrr
Profile Joined April 2012
United States37 Posts
Last Edited: 2012-08-13 18:39:23
August 13 2012 18:38 GMT
#46
I say we change the image by highlighting lessor known (and possibly lessor skilled) starcraft 2 progamers. I'm thinking to poker when during the WSOP coverage they went in-depth to poker players who were fighting cancer, or were blind, or were very likeable.

Poker also has a bad image. Recently there was an NFL umpire who lost her job because she competed in a gambling competition at the WSOP.

There are also gruesome, shark killing tournaments sponsored by Budweiser & 12 other national brands: http://www.makomanianj.com/ & youtube.com/watch?v=XaZjmT8mHbU

Maybe my idea is too unoriginal. That means we just gotta get creative or scrap my idea and let somebody else propose a better one. If SC2 is going to get exponential growth, then an SC2 progamer should make about 10x as much money compared to a Brood War progamer, so that they can have a "baller lifestyle" which creates the same envy as poker has done for Elky, RainKhan, Grrrr, or Rekrul.

Banks have the perfect storm of conditions being met right now for such an idea to pass their feasibility test...
“He who knows how will always work for he who knows why.”
ImAbstracT
Profile Blog Joined June 2010
519 Posts
August 13 2012 19:05 GMT
#47
Last thing I want in something I love is banks who's only goal is to maximize profit and their investment.
"I want you to take a moment, and reflect, on how much of a failure you are" - IdrA
Pleiades
Profile Joined June 2010
United States472 Posts
August 13 2012 19:48 GMT
#48
In the long run, investing in e-sports is not really appealing due to the nature of IP rights and laws of software. Major banks want to make sure they can maximize success to generate high millions or billions before they invest into it. If there is that much money going around in e-sports, you can assume the companies with the IP rights to the games that are in e-sports want some of that money too. Even though I don't know the exact figures of what's going on around e-sports right now, it pales in comparison to other markets banks can invest in.
I love you sarge.... AHHHH
HAUER
Profile Joined April 2010
Denmark208 Posts
August 13 2012 19:53 GMT
#49
How about pushing them off a cliff?
(sym): i think of myself as a savant of the internet
MountainDewJunkie
Profile Blog Joined June 2009
United States10344 Posts
August 13 2012 20:01 GMT
#50
On August 14 2012 04:05 ImAbstracT wrote:
Last thing I want in something I love is banks who's only goal is to maximize profit and their investment.

the same goal anyone throwing an sc2 tournament, don't kid yourself.
[21:07] <Shock710> whats wrong with her face [20:50] <dAPhREAk> i beat it the day after it came out | <BLinD-RawR> esports is a giant vagina
Timerly
Profile Blog Joined September 2010
Germany511 Posts
August 13 2012 20:35 GMT
#51
You guys are looking at this the wrong way. It's not about whether the investment pays off compared to typical investments. It's about how much publicity they can generate from it. The point is that you have SO many people playing games and a relatively large audience considering you'd be pitching 200k in the direction of a tournament and getting at least 100k viewers (across multiple games) in the young, not yet commited adults category. These guys are usually tech savy or at least college level educated and prime targets for their marketing. Being the "cool bank which understands you" could mean a big surge in that relatively weakly explored area. More importantly, these are highly socially active people, no matter the stereotypical image. Sports brings people together, we have Twitter and Facebook and therefore easily measurable indicators. As currently the usual ROI can't be achieved with typical investements, the budget for "charity" and whatever image improving things they have should at the same time increase (as it's measured against it's opportunity cost as well) AND banks just got hit by about a dozen PR disasters over the last two years. They need the trust back and they won't get it from the people they screwed over the last 20 years. Mind you, any consumer bank relies on average Joe's money and even the pure investment banks would have a hard time without those banks and therefore their money. At the very least this is worth a shot, put in 500k and see where it goes, I can't see any reason not to given the circumstances. Just remember, it only makes sense for banks with a lot of consumer business. Citi probably won't care
Kaitlin
Profile Joined December 2010
United States2958 Posts
August 13 2012 20:38 GMT
#52
Money goes to where it can grow, not to where it's needed. Demonstrate the industry will generate a profit and money will flow in naturally.
FairForever
Profile Joined February 2011
Canada2392 Posts
August 13 2012 20:41 GMT
#53
On August 14 2012 02:15 mememolly wrote:
Show nested quote +
On August 14 2012 02:03 finlurrrr wrote:
On August 14 2012 01:55 mememolly wrote:
On August 14 2012 01:26 finlurrrr wrote:
On August 14 2012 01:23 mememolly wrote:
On August 14 2012 01:17 Lonyo wrote:
On August 14 2012 01:05 Cleomenes wrote:
On August 14 2012 01:02 Chiharu Harukaze wrote:
The stickiness and rarity of people changing who they take their bank accounts and mortgages from mean that any return on investment is going to be incredibly low for banks. I highly doubt anyone is going to change their mortgage provider on the basis of an advertisement in Starcraft. I'm not even sure the target market has much to offer a financial institution in the first place.


However E-sports fandom is full of young adults. These 20 somethings will be getting car loans, mortgages, etc. in the next few years. Now would be a good time to gain good publicity for the long game of bringing in young people.

This is probably the best thing eSports has going for it as something for banks to invest in. It's the "right" market for a business which grabs you for the long haul.


football has way more fans and over a more diverse range than 20 something, if I was a bank I'd invest in something like football not the niche that is esports, the return would be minimal compared with investing in football etc


But your math is flawed and I could swap your argument around to say that the COST of investing in starcraft 2 would be MINIMAL compared to the cost of sponsoring the NFL, which would demand at least 8 figures at a minimum.

You are looking at only the returns of the two investments. Next time, try looking at the costs/returns and analyzing them based on ROI.


I assume you have the ROI rates for "esports", please share dude


[image loading]

Like I said in the original solicitation--we have to pitch our idea to the banks that for a few hundred thousand dollars, they can build up their good will with the American public--just like BP did after the oil spill. We are not only appealing to their ROI, but also to their social consciousness.


I assume you have evidence that the ROI would be high for an investment of "a few hundred thousand dollars" and that by investing in esports it will build the good will of the American public

Edit: oh wait I just read your above post, you're trolling, GJ


I think he edited the post to make it obvious it was a troll (ie. adding the part about Liquid Rising), it wasn't very obvious from the original post.
3FFA
Profile Blog Joined February 2010
United States3931 Posts
August 13 2012 20:44 GMT
#54
TBH I know 2 teams of SC2 right now, Team Liquid and EG. And that's just because I come to this site so... yeah. -_-"
"As long as it comes from a pure place and from a honest place, you know, you can write whatever you want."
Cheerio
Profile Blog Joined August 2007
Ukraine3178 Posts
Last Edited: 2012-08-13 20:48:08
August 13 2012 20:47 GMT
#55
well untill esports has gained some recognition it just not gonna happen. From a bankers point of view he doesnt even know if giving money to esports will generate positive reaction from the public. I mean usual video gamers are kids, banks dont care about their opinion. On the other side they care about their parents opinion and that might be counter productive. I mean for example: wtf that bank is doing donating money to those stupid video game contests, now my stupid son will spend even more time playing those stupid video games.
1Eris1
Profile Joined September 2010
United States5797 Posts
Last Edited: 2012-08-13 21:19:58
August 13 2012 20:50 GMT
#56
On August 14 2012 01:16 Hider wrote:
Show nested quote +
On August 14 2012 01:10 finlurrrr wrote:
On August 14 2012 01:06 McFeser wrote:
Banks have invested into Esports. Where do you Sundance got his 11 million from?


Do you have a source for this?


His wrong. Sundance got it from venture capital. MLG would not be able to afford to pay of high interest rates.


Pretty much every major bank, be it commerical or investment focused has a private equity firm, so in a sense venture capitalism is part of the broader spectrum of banking.
Known Aliases: Tyragon, Valeric ~MSL Forever, SKT is truly the Superior KT!
Pleiades
Profile Joined June 2010
United States472 Posts
August 13 2012 20:53 GMT
#57
Nope, we are not looking it at the wrong way, it's more about how people try to sell or pitch their idea to investors. Investors might like the ideas, but that's different from relying on people to carry out those ideas. Running a business, in this case, an industry, is totally different than having good ideas for it. You can give numbers, plans, ideas, suggestions, but if you don't have the right attitude and communication skills, no one is going to invest in you. There are going to be many problems and issues that will come up from investing in e-sports, and when people decide to invest in it, they would want someone else to make sure that those issues get taken care of as best they can. Although I know that the thread opener is not planning to run e-sports, most likely... it's the same about winning a statement though. You have an idea/statement, sell us on it.
I love you sarge.... AHHHH
Trowa127
Profile Joined January 2011
United Kingdom1230 Posts
Last Edited: 2012-08-13 21:04:11
August 13 2012 20:58 GMT
#58
On August 14 2012 05:50 1Eris1 wrote:
Show nested quote +
On August 14 2012 01:16 Hider wrote:
On August 14 2012 01:10 finlurrrr wrote:
On August 14 2012 01:06 McFeser wrote:
Banks have invested into Esports. Where do you Sundance got his 11 million from?


Do you have a source for this?


His wrong. Sundance got it from venture capital. MLG would not be able to afford to pay of high interest rates.


There's not really much of a difference between most investment and commercial banks nowadays, so in a sense venture capitalism is part of banking.


Yeah VC fills a completely different role to traditional banking, be it investment or commercial. Seriously. Look up Dawn Capital, do some reading, stop posting rubbish. There is a huge difference between taking deposits/making loans/handling bond issuance/making 'bets' on the markets to what VC does.

This thread is a joke. You're not going to get banks to sponsor 'E-sports' and to be honest I don't see why you'd want too. All we've seen so far is a load of tournament organisers throwing money down a black hole. If the scene can't sustain itself, its not good for anyone in the long run, and I don't think we're a banks a target audience at this stage -_-
Bling, MC, Snute, HwangSin, Deranging (<3) fan. 'Full name - ESP ORTS' Vote hotbid. Vote ESPORTS.
abominare
Profile Joined March 2010
United States1216 Posts
Last Edited: 2012-08-13 21:15:23
August 13 2012 21:10 GMT
#59
As some one with an actual background in finance and accounting, this by far has been the most humorous thread of the day for me. Not just the obvious ignorance of financial terms, but the clutch moment was the posting of MIRR to satisfy the search for ROI.
1Eris1
Profile Joined September 2010
United States5797 Posts
Last Edited: 2012-08-13 21:19:39
August 13 2012 21:10 GMT
#60
On August 14 2012 05:58 Trowa127 wrote:
Show nested quote +
On August 14 2012 05:50 1Eris1 wrote:
On August 14 2012 01:16 Hider wrote:
On August 14 2012 01:10 finlurrrr wrote:
On August 14 2012 01:06 McFeser wrote:
Banks have invested into Esports. Where do you Sundance got his 11 million from?


Do you have a source for this?


His wrong. Sundance got it from venture capital. MLG would not be able to afford to pay of high interest rates.


There's not really much of a difference between most investment and commercial banks nowadays, so in a sense venture capitalism is part of banking.


Yeah VC fills a completely different role to traditional banking, be it investment or commercial. Seriously. Look up Dawn Capital, do some reading, stop posting rubbish. There is a huge difference between taking deposits/making loans/handling bond issuance/making 'bets' on the markets to what VC does.

This thread is a joke. You're not going to get banks to sponsor 'E-sports' and to be honest I don't see why you'd want too. All we've seen so far is a load of tournament organisers throwing money down a black hole. If the scene can't sustain itself, its not good for anyone in the long run, and I don't think we're a banks a target audience at this stage -_-


I never said it wasn't different from traditional banking? All I was pointing out is that the two are much more intertwinned and most of them operate their own private equity firms, or at least have substantial dealings with them. If Sundance didn't get his investments directly from private individuals, he probably dealt with a "bank" in one way or another.

edit: you're right, my first post was pretty badly worded.
Known Aliases: Tyragon, Valeric ~MSL Forever, SKT is truly the Superior KT!
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