This is djwheat, the gunrun and the rest of them right now as they count their millions!
sirscootsgifmoney
However, this leads me to a question about former employees and whether or not they get to cash in too. Like I know 2gd worked for twitch, but that was a while ago, so not sure if he still has any stock after he left. However, I know that Jared Rae guy recently left twitch to work for 2k games. Is he going to miss out on the big pay day?
Does twitch have stock at all? I'd say it's probably the founders and the venture capitalists that suppported them who will get the money.
@Canucklehead only if those guys earn an equity share in the company. I highly doubt they do. Unless Twitch began as a private equity backed company, but even then, doubtful. I'm not really sure how Twitch got started, but for most private equity backed companies it goes like this:
Equity Firm puts up 75%, partners of company put up 25%
When they sell, firm gets 75% of net profit, partners get the other 25%. If those partners issued equity along the way, then yea those people will see some revenue.
On May 20 2014 04:38 Jerom wrote: Another attempt to make us use google plus?
I didn't really like the way google took over youtube, trying to use it to force us to use their crappy products (like google plus) and ruining youtube in the process.
This is djwheat, the gunrun and the rest of them right now as they count their millions!
However, this leads me to a question about former employees and whether or not they get to cash in too. Like I know 2gd worked for twitch, but that was a while ago, so not sure if he still has any stock after he left. However, I know that Jared Rae guy recently left twitch to work for 2k games. Is he going to miss out on the big pay day?
Good for them though. Well deserved for all the effort and time devoted to eSports.
On a side note, I hope DJWheat does some of the things he said he would do now that he's come into some real eSports dollars.
This is djwheat, the gunrun and the rest of them right now as they count their millions!
sirscootsgifmoney
However, this leads me to a question about former employees and whether or not they get to cash in too. Like I know 2gd worked for twitch, but that was a while ago, so not sure if he still has any stock after he left. However, I know that Jared Rae guy recently left twitch to work for 2k games. Is he going to miss out on the big pay day?
Does twitch have stock at all? I'd say it's probably the founders and the venture capitalists that suppported them who will get the money.
On May 20 2014 05:15 Ctone23 wrote: @Canucklehead only if those guys earn an equity share in the company. I highly doubt they do. Unless Twitch began as a private equity backed company, but even then, doubtful. I'm not really sure how Twitch got started, but for most private equity backed companies it goes like this:
Equity Firm puts up 75%, partners of company put up 25%
When they sell, firm gets 75% of net profit, partners get the other 25%. If those partners issued equity along the way, then yea those people will see some revenue.
I'm not sure about other industries, but in tech these days and certain at the stage when twitch was hiring those guys, you'd pretty much have to give your employees a slice to get them to come.
This is djwheat, the gunrun and the rest of them right now as they count their millions!
sirscootsgifmoney
However, this leads me to a question about former employees and whether or not they get to cash in too. Like I know 2gd worked for twitch, but that was a while ago, so not sure if he still has any stock after he left. However, I know that Jared Rae guy recently left twitch to work for 2k games. Is he going to miss out on the big pay day?
Does twitch have stock at all? I'd say it's probably the founders and the venture capitalists that suppported them who will get the money.
Well I don't mean publicly traded stock. You just always hear about employees from small startups striking it rich once they get bought out by a large company. Take whatsapp for example.
Yesterday, Facebook bought messaging app WhatsApp for $19 billion — $12 billion in stock, $4 billion in cash, and another $3 billion in stock grants for employees that will vest over the next four years.
How much will WhatsApp's employees make in the deal?
We don't know how that $3 billion will be divided.
We do know the $12 billion in stock and $4 billion in cash will be divided among Whatsapp owners.
Whatsapp employees own a piece of the company.
How much?
Forbes' Parmy Olson reports: "Early employees are said to have comparatively large equity shares of close to 1%."
This is djwheat, the gunrun and the rest of them right now as they count their millions!
sirscootsgifmoney
However, this leads me to a question about former employees and whether or not they get to cash in too. Like I know 2gd worked for twitch, but that was a while ago, so not sure if he still has any stock after he left. However, I know that Jared Rae guy recently left twitch to work for 2k games. Is he going to miss out on the big pay day?
Does twitch have stock at all? I'd say it's probably the founders and the venture capitalists that suppported them who will get the money.
Well I don't mean publicly traded stock. You just always hear about employees from small startups striking it rich once they get bought out by a large company. Take whatsapp for example.
Yesterday, Facebook bought messaging app WhatsApp for $19 billion — $12 billion in stock, $4 billion in cash, and another $3 billion in stock grants for employees that will vest over the next four years.
How much will WhatsApp's employees make in the deal?
We don't know how that $3 billion will be divided.
We do know the $12 billion in stock and $4 billion in cash will be divided among Whatsapp owners.
Whatsapp employees own a piece of the company.
How much?
Forbes' Parmy Olson reports: "Early employees are said to have comparatively large equity shares of close to 1%."
Ready to have your mind blown?
1% of $16 billion is …
… $160 million.
Right but in this case I doubt most of these guys have a percent. Probably less than a quarter point. Even if you have 1/10 of a percent. That's 1 million.
On May 20 2014 05:15 Ctone23 wrote: @Canucklehead only if those guys earn an equity share in the company. I highly doubt they do. Unless Twitch began as a private equity backed company, but even then, doubtful. I'm not really sure how Twitch got started, but for most private equity backed companies it goes like this:
Equity Firm puts up 75%, partners of company put up 25%
When they sell, firm gets 75% of net profit, partners get the other 25%. If those partners issued equity along the way, then yea those people will see some revenue.
I'm not sure about other industries, but in tech these days and certain at the stage when twitch was hiring those guys, you'd pretty much have to give your employees a slice to get them to come.
Absolutely, it's the driving factor in getting talented people away from corporate America. Just not sure how many people they included a long the way. If you come cast a couple of tournaments, do I really want to give you equity?
This is djwheat, the gunrun and the rest of them right now as they count their millions!
sirscootsgifmoney
However, this leads me to a question about former employees and whether or not they get to cash in too. Like I know 2gd worked for twitch, but that was a while ago, so not sure if he still has any stock after he left. However, I know that Jared Rae guy recently left twitch to work for 2k games. Is he going to miss out on the big pay day?
Does twitch have stock at all? I'd say it's probably the founders and the venture capitalists that suppported them who will get the money.
Well I don't mean publicly traded stock. You just always hear about employees from small startups striking it rich once they get bought out by a large company. Take whatsapp for example.
On May 20 2014 05:15 Ctone23 wrote: @Canucklehead only if those guys earn an equity share in the company. I highly doubt they do. Unless Twitch began as a private equity backed company, but even then, doubtful. I'm not really sure how Twitch got started, but for most private equity backed companies it goes like this:
Equity Firm puts up 75%, partners of company put up 25%
When they sell, firm gets 75% of net profit, partners get the other 25%. If those partners issued equity along the way, then yea those people will see some revenue.
I'm not sure about other industries, but in tech these days and certain at the stage when twitch was hiring those guys, you'd pretty much have to give your employees a slice to get them to come.
Absolutely, it's the driving factor in getting talented people away from corporate America. Just not sure how many people they included a long the way. If you come cast a couple of tournaments, do I really want to give you equity?
Worth noting, DJWheat does more than just cast - he actually has position as a new media person. Not sure of the specifics of his position (he's mentioned it a few times while streaming) but I think it has to do with developing new opportunities for Twitch on different platforms. (I could be wrong - but he specifically does more for Twitch than just being a pretty face.)
On May 20 2014 05:15 Ctone23 wrote: @Canucklehead only if those guys earn an equity share in the company. I highly doubt they do. Unless Twitch began as a private equity backed company, but even then, doubtful. I'm not really sure how Twitch got started, but for most private equity backed companies it goes like this:
Equity Firm puts up 75%, partners of company put up 25%
When they sell, firm gets 75% of net profit, partners get the other 25%. If those partners issued equity along the way, then yea those people will see some revenue.
I'm not sure about other industries, but in tech these days and certain at the stage when twitch was hiring those guys, you'd pretty much have to give your employees a slice to get them to come.
Absolutely, it's the driving factor in getting talented people away from corporate America. Just not sure how many people they included a long the way. If you come cast a couple of tournaments, do I really want to give you equity?
Worth noting, DJWheat does more than just cast - he actually has position as a new media person. Not sure of the specifics of his position (he's mentioned it a few times while streaming) but I think it has to do with developing new opportunities for Twitch on different platforms. (I could be wrong - but he specifically does more for Twitch than just being a pretty face.)
doesn't necessarily mean he's going to get a huge payoff from the sale though.
This is djwheat, the gunrun and the rest of them right now as they count their millions!
sirscootsgifmoney
However, this leads me to a question about former employees and whether or not they get to cash in too. Like I know 2gd worked for twitch, but that was a while ago, so not sure if he still has any stock after he left. However, I know that Jared Rae guy recently left twitch to work for 2k games. Is he going to miss out on the big pay day?
Does twitch have stock at all? I'd say it's probably the founders and the venture capitalists that suppported them who will get the money.
Well I don't mean publicly traded stock. You just always hear about employees from small startups striking it rich once they get bought out by a large company. Take whatsapp for example.
On May 20 2014 05:15 Ctone23 wrote: @Canucklehead only if those guys earn an equity share in the company. I highly doubt they do. Unless Twitch began as a private equity backed company, but even then, doubtful. I'm not really sure how Twitch got started, but for most private equity backed companies it goes like this:
Equity Firm puts up 75%, partners of company put up 25%
When they sell, firm gets 75% of net profit, partners get the other 25%. If those partners issued equity along the way, then yea those people will see some revenue.
I'm not sure about other industries, but in tech these days and certain at the stage when twitch was hiring those guys, you'd pretty much have to give your employees a slice to get them to come.
Absolutely, it's the driving factor in getting talented people away from corporate America. Just not sure how many people they included a long the way. If you come cast a couple of tournaments, do I really want to give you equity?
Worth noting, DJWheat does more than just cast - he actually has position as a new media person. Not sure of the specifics of his position (he's mentioned it a few times while streaming) but I think it has to do with developing new opportunities for Twitch on different platforms. (I could be wrong - but he specifically does more for Twitch than just being a pretty face.)
Indeed, I would fully expect Wheat to have some skin in the game. I wasn't trying to say casters aren't deserving of the equity, but at the same time I highly doubt an equity owner said "Hey "caster", you get x% if you come cast this Tournament". Who knows, it's all speculation, I am excited though!!
On May 19 2014 21:17 Tanzklaue wrote: lethalfrag made a good point actually.
do you really believe that twitch is worth only 1 billion dollar?
i think the site generates more profit than that in a year, so it's value should be much higher. especially since the site is on the uprising and with the fact that livestreaming gets more popular by the minute.
It's a bad, uninformed point, at least if he really expects Twitch to be printing money right now. Their revenue and net income aren't public, but there have been some reports and analyst estimates suggesting that they've only recently become profitable and likely aren't making much more than single or double digits millions. Regardless of the accuracy of those estimates, it's completely laughable to suggest they make anywhere near 1 billion in a year. The amount of venture capital they've been raising should give some idea; 20 million last September, for a total of 42 million in outside funding.
How much Twitch is actually worth is a trickier question, but I am quite confident in saying that Lethalfrag has no clue whatsoever.
On May 19 2014 21:17 Tanzklaue wrote: lethalfrag made a good point actually.
do you really believe that twitch is worth only 1 billion dollar?
i think the site generates more profit than that in a year, so it's value should be much higher. especially since the site is on the uprising and with the fact that livestreaming gets more popular by the minute.
It's a bad, uninformed point, at least if he really expects Twitch to be printing money right now. Their revenue and net income aren't public, but there have been some reports and analyst estimates suggesting that they've only recently become profitable and likely aren't making much more than single or double digits millions. Regardless of the accuracy of those estimates, it's completely laughable to suggest they make anywhere near 1 billion in a year. The amount of venture capital they've been raising should give some idea; 20 million last September, for a total of 42 million in outside funding.
How much Twitch is actually worth is a trickier question, but I am quite confident in saying that Lethalfrag has no clue whatsoever.
+1
The value of the supposed $1 Billion offer would be based on several factors. Current revenue, future projections on a depreciated scale to assess risk, allocated values for each game and the current time. Youtube/Google did not pull this number out of their arse, and I would be willing to bet that Twitch and them have been working this deal for some time now. How else would YT have all of the data it needed to make an offer?
On May 19 2014 08:54 Erik.TheRed wrote: hope you guys had fun listening to music while streaming, because that is most likely coming to an end.
Just play it via a streaming service like Spotify and I believe you would be fine.
No, that does not get a person around copyright. While the streaming service has a license to play that music if you are restreaming music from that service your rebroadcast doesn't have the license. Spotify can't make ad impressions on viewers who aren't technically listening by not being connected directly.
On May 19 2014 08:54 Erik.TheRed wrote: hope you guys had fun listening to music while streaming, because that is most likely coming to an end.
Just play it via a streaming service like Spotify and I believe you would be fine.
No, that does not get a person around copyright. While the streaming service has a license to play that music if you are restreaming music from that service your rebroadcast doesn't have the license. Spotify can't make ad impressions on viewers who aren't technically listening by not being connected directly.
What if YT integrated a way for a Twitch user to create a playlist within Twitch itself? Same issue?
EPT![[image loading]](http://store.cdn.gamesports.net/6000/6334.gif)
