EPTOn March 14 2012 03:38 carloselcoco wrote:
What is AMBI LLC?
Were they the investors?
What is AMBI LLC?
Were they the investors?
AMBI LLC is an old name of MLG's corporation.
MLG raises $11.3m in additional funding - Page 10
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BluePanther
United States2776 Posts
AMBI LLC is an old name of MLG's corporation. | ||
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krayotek
Honduras11 Posts
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FlamingTurd
United States1059 Posts
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turdburgler
England6749 Posts
On March 14 2012 12:39 FlamingTurd wrote: That's pretty awesome, I hope this gets rid of the PPV so everyone can enjoy it fully again! the only reason people would be investing now is that ppv was deemed to be sustainable profit, this means its more likely to continue now that they got this funding, not end. | ||
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morbvs
Germany358 Posts
I am not so sure about this, this actually sounds more dangerous than comforting. But maybe I am wrong, dunno?! IPL get all their money from Murdoch afaik, so they are gone as soon he considers the experiment failed... Then there is NASL, ESL (although they are way less sc2 dependent, I guess), this squid thing and those LAN events like Dreamhack and probably some stuff I forgot about now... I might be a bit pessimistic, but I think there is oversupply in sc2... Shakeout incoming? | ||
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JonnyBNoHo
United States6277 Posts
On March 14 2012 12:50 morbvs wrote: hmm... So I am not too familiar with those US terms, but this is essentially equity given to MLG, right? So I assume that the investors (whoever they are) will have some interesting terms in the contracts... since it is a very high risk investment. If they pay in stages for example, and MLG fails to meet one of the milestones, the money stops flowing and is gone? Or maybe the investors are strictly controlling every move MLG makes (maybe they can even fire sundance if necessary)? I am not so sure about this, this actually sounds more dangerous than comforting. But maybe I am wrong, dunno?! IPL get all their money from Murdoch afaik, so they are gone as soon he considers the experiment failed... Then there is NASL, ESL (although they are way less sc2 dependent, I guess), this squid thing and those LAN events like Dreamhack and probably some stuff I forgot about now... I might be a bit pessimistic, but I think there is oversupply in sc2... Shakeout incoming? Typically VCs invest in what's called convertible preferred stock and that's what it looks like it could be here as they check both the equity and option boxes. In general VCs don't mess with the day to day operations but may help make strategic decisions or find key personnel. As far as money flows go it should be a lump sum but if MLG needs more in the future than they will either need to hit their milestones or be prepared to pay up for more financing. IMO the best way to look at it from a finance perspective is that it's a good thing that VCs are still interested but a bad thing that they haven't progressed beyond that stage yet since VC money is generally one of the most expensive forms of financing around. From a fan standpoint just be glad they have the cash to stick around for at least a few more years :-) | ||
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MafiaCheese
United States87 Posts
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rAk1N
United States4 Posts
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ke_ivan
Singapore374 Posts
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Looms
United States4624 Posts
On March 14 2012 13:54 rAk1N wrote: Dang so much $$, i wander how much of it will go prizepool! This isn't necessarily related to SC2 or any of the other games, but MLG did announce that they will double the prize pool for MK9 from $16.7k to $33.4k for the MLG Columbus event. http://www.majorleaguegaming.com/news/mortal-kombat-prizing-increases-to-33-4k-for-winter-championships-get-your-passes-now/ | ||
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Azzur
Australia6260 Posts
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rename
Estonia329 Posts
Prize pool increase can only come with revenue/profit increase - you cant spend much of investor money on prize pools unless you can assure that every extra dollar spent on prize pool will bring X amount of viewer - so im rather certain prize pools wont be raised much overall. | ||
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onedayclose
United States1145 Posts
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darkscream
Canada2310 Posts
On March 14 2012 03:40 Sprouter wrote: holy shit, THAT IS HUGE growth. regardless of whether arena did well or not, MLG is doing really well. Which is rather funny because it SURE DID SEEM like sundance was telling us MLG was NOT doing well..... | ||
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lessQQmorePEWPEW
Jamaica921 Posts
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Disengaged
United States6994 Posts
On March 14 2012 15:39 darkscream wrote: Which is rather funny because it SURE DID SEEM like sundance was telling us MLG was NOT doing well..... He "gets it" by lying  | ||
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Elitios
France164 Posts
Does anyone know if there are others means for MLG to get a stable income while still maintaining a free stream model? If so what are these? | ||
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Sub40APM
6336 Posts
On March 14 2012 11:27 GeezerGeek wrote: You can be fairly certain that the money is for something concrete. VC's will require a detailed business plan for what MLG intends to do with the money. The scenario where the VC's are investing more just to not lose their prior investment is unlikely. As someone else said, VC's aren't in the business of throwing good money after bad. These are sophisticated investors that known when to cut bait. If they thought MLG was sucking wind, they would take that $11 million and invest it in a different business that appears to have more potential. This investment is good news. It shows MLG has the revenue, business model, and future plans to convince sophisticated investors to invest significant money. It doesnt have to mean that. It could also mean that the same fund that is carrying MLG investments on their books at value x doesnt want to admit to their own investors that value x has degraded due to costs. If they throw in an extra 11 million at MLG while valuing company shares at the same price x that their previous investment was at then they can continue to account on their own books their whole investment into MLG as x. | ||
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Talack
Canada2742 Posts
Glad I bought the ticket, hopefully it helped esports grow  | ||
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contraSol
United States185 Posts
On March 14 2012 13:04 JonnyBNoHo wrote: IMO the best way to look at it from a finance perspective is that it's a good thing that VCs are still interested but a bad thing that they haven't progressed beyond that stage yet since VC money is generally one of the most expensive forms of financing around. From a fan standpoint just be glad they have the cash to stick around for at least a few more years :-) What do you think MLG's effective cost of funds is? Sadly, it probably doesn't matter... MLG is a long way off an IPO and definitely too young/unproven for a substantial bank facility. | ||
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