EPTOn March 14 2012 04:06 Jellomomello wrote:
Doesn't seem right posting the info of Staff names and Addresses
Doesn't seem right posting the info of Staff names and Addresses
It's a legally required form required to be public.
MLG raises $11.3m in additional funding - Page 3
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itsjustatank
Hong Kong9179 Posts
It's a legally required form required to be public. | ||
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mathsucks
194 Posts
On March 14 2012 04:06 leecH wrote: dont know if this has anyting to do with PPV but congrats on MLG for getting money! As a professional in the finance world...I would conjecture that it did. Showing profitability is VERY important to VC investors. The "urgency" behind such a high PPV cost ($20, instead of trying a lower figure) could also have been an attempt to surge revenue at the last moment to appease such investors. I actually kinda suspected this was going on, given some of the words by Sundance in interviews around that time. I'm just wondering where I can buy into their options  | ||
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JOJOsc2news
3000 Posts
On March 14 2012 04:13 mathsucks wrote: As a professional in the finance world...I would conjecture that it did. Showing profitability is VERY important to VC investors. The "urgency" behind such a high PPV cost ($20, instead of trying a lower figure) could also have been an attempt to surge revenue at the last moment to appease such investors. I actually kinda suspected this was going on, given some of the words by Sundance in interviews around that time. I'm just wondering where I can buy into their options I think someone wrote earlier in the thread that they aren't public  Edit: For a professional in the finance world you have a very interesting username | ||
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Jiddra
Sweden2685 Posts
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SuperStyle
United States976 Posts
I dont really think MLG wants to expand and popularize esport as much as they want to profit from it. | ||
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mathsucks
194 Posts
On March 14 2012 04:16 JOJOsc2news wrote: I think someone wrote earlier in the thread that they aren't public Edit: For a professional in the finance world you have a very interesting username Why does being public matter? Stock options? Those exist for private companies Re: your edit.....yeah I was going through calculus in college and coincidentally happened to need a new username around the time I was doing some nasty homework. | ||
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bonifaceviii
Canada2890 Posts
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battyone
United States180 Posts
On March 14 2012 04:13 mathsucks wrote: As a professional in the finance world...I would conjecture that it did. Showing profitability is VERY important to VC investors. The "urgency" behind such a high PPV cost ($20, instead of trying a lower figure) could also have been an attempt to surge revenue at the last moment to appease such investors. I actually kinda suspected this was going on, given some of the words by Sundance in interviews around that time. I'm just wondering where I can buy into their options If you have a spare 1.5ish million lying around that you see as 100% disposable might want to shoot them an email, looks like this round of VC didn't quite sell out. | ||
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mathsucks
194 Posts
On March 14 2012 04:18 Jiddra wrote: So private companys in the US doesn't need to have their books public? :-/ Would be interesting to look at the state of affairs. Nope, only publicly traded companies have to have their books public. Private/VC investors are typically given financials before investing, but the numbers still remain confidential. | ||
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Jiddra
Sweden2685 Posts
On March 14 2012 04:20 mathsucks wrote: Nope, only publicly traded companies have to have their books public. Private/VC investors are typically given financials before investing, but the numbers still remain confidential. Feels weird for a swede, here every company have their financial statement made public (except the smallest forms of companys). | ||
Chill
Calgary26004 Posts
On March 14 2012 04:18 SuperStyle wrote: And yet the prize pool is stupidly low, specially in 2011 when it was 5k for the winner... I dont really think MLG wants to expand and popularize esport as much as they want to profit from it. No shit they're a business. | ||
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DarkPlasmaBall
United States46554 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. Yeah, that's rather remarkable MLG doing well -> e-sports as a whole hopefully doing well ^^ | ||
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Blennd
United States266 Posts
On March 14 2012 03:59 JOJOsc2news wrote: The PPV model doesn't bring growth to eSports. People who weren't into the eSports scene/SC2 scene are not going to join the community over paying $20 for something they don't necessarily appreciate yet. They get involved through events that they can access for free. Events that raise their interest and passion about eSports. That's how you get growth. Yeah they should totally still have free events, and then use the revenue generated from charging their loyal customers for a premium product to provide a better free event. Brilliant idea, you should let Sundance know about this asap. | ||
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EggYsc2
620 Posts
How absolutely wrong is that guy. ROFL + Show Spoiler + ![[image loading]](http://i.imgur.com/aF2Gl.jpg) User was warned for this post | ||
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Jarree
Finland1004 Posts
And that makes crying about "growth of esports" and sundance calling people to save esports what? | ||
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Blennd
United States266 Posts
I can't imagine how MLG could profit from expanding and popularizing esports... | ||
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rhs408
United States904 Posts
$100,000 for a 1st place should be very doable! Korean progamers would come to the U.S. in droves! | ||
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kakaman
United States1576 Posts
Interesting note in the SEC filing, it says MLG has revenues of $5mm-$25mm, which is somewhat telling. For some reason I had expected it to be larger, but it begs the question how viable Esports really is? MLG has been around 10 years and has yet to break $25mm in revenue. Couple that with MLG being a highly capital intensive organization, one would have to assume they barely break even/take a loss every year. You compare that to a company like Pinterest which started a year ago, doesn't make revenue but has ~10mm users already. If I were a VC investor, I know where my money is going. | ||
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bonifaceviii
Canada2890 Posts
On March 14 2012 04:32 rhs408 wrote: Wow 11 mill is a lot $100,000 for a 1st place should be very doable! Korean progamers would come to the U.S. in droves! That money's not for handing to Koreans, it's for making MLG profitable. Good luck with that... | ||
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Gingerninja
United Kingdom1339 Posts
On March 14 2012 04:30 Jarree wrote: And that makes crying about "growth of esports" and sundance calling people to save esports what? Brilliant marketing scheme? If they can appease everyone and make money great.. but at the end of the day, making money is #1 for a business. | ||
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