Unexpected for sure, I never thought Quantic was in such dire straights for money. Heart goes out to all the players in all divisions of the organization who are now teamless, especially those who were put up in the team house.
On December 05 2012 09:49 Fluid wrote: How is this possible? Weren't they like the 2nd biggest team in NA? They even had a huge team house and everything. And their players were doing pretty good...
Damn, this is so depressing...
Because they were apparently 100% reliant on investor funding... It doesn't really matter much if you have a ton of non-guaranteed money that isn't really yours.
Everyone likes to shit on EG, but in the end they are one of the few foreign teams, along with Liquid that can actually offer stable conditions for players.
I think Quantic just got too big for it's own good but I guess no one really knows except those directly involved.
But then how did they get the money to use that huge team house? Did the ceo just blindly accept to rent a huge house without knowing if their investors would pay them the next month? What kind of business rationale is that?
By the sound of things that's exactly what happened... Are you really surprised by this point though? We've seen numerous teams fail, most of them were headed by guys with little to no business experience or education. Lots of people jumped on the opportunities that SC2 presented based on ambition alone. SC2 bubble has burst and the NA scene is especially weak on a global scale.
It's true that the team is only ~1 year old, but they had some big names join them (Sase,Stc,Nani,etc...). You'd think that would make investors more relaxed since they are guaranteed advertisement in big tournaments. It still feels suspicious that such a big team with very good players can vanish instantly.
Well it all depends on the management of the organization. Clearly in this case the management had no contingent plan or money of it's own. Like I said earlier, it's impossible to say with certainty what went wrong, but it seems that Quantic tried to take on too many projects and never saved/made any money. They aggressively expanded to take on ALL of Vile, a number of Korean players, Decemvre, Maximus Black and Maddelisk.... They had a massive roster, mostly players who never had a chance of placing at an event. Not really the smartest way to build a team.
On December 05 2012 09:49 Fluid wrote: How is this possible? Weren't they like the 2nd biggest team in NA? They even had a huge team house and everything. And their players were doing pretty good...
Damn, this is so depressing...
Because they were apparently 100% reliant on investor funding... It doesn't really matter much if you have a ton of non-guaranteed money that isn't really yours.
Everyone likes to shit on EG, but in the end they are one of the few foreign teams, along with Liquid that can actually offer stable conditions for players.
I think Quantic just got too big for it's own good but I guess no one really knows except those directly involved.
But then how did they get the money to use that huge team house? Did the ceo just blindly accept to rent a huge house without knowing if their investors would pay them the next month? What kind of business rationale is that?
By the sound of things that's exactly what happened... Are you really surprised by this point though? We've seen numerous teams fail, most of them were headed by guys with little to no business experience or education. Lots of people jumped on the opportunities that SC2 presented based on ambition alone. SC2 bubble has burst and the NA scene is especially weak on a global scale.
It's true that the team is only ~1 year old, but they had some big names join them (Sase,Stc,Nani,etc...). You'd think that would make investors more relaxed since they are guaranteed advertisement in big tournaments. It still feels suspicious that such a big team with very good players can vanish instantly.
Well it all depends on the management of the organization. Clearly in this case the management had no contingent plan or money of it's own. Like I said earlier, it's impossible to say with certainty what went wrong, but it seems that Quantic tried to take on too many projects and never saved/made any money. They aggressively expanded to take on ALL of Vile, a number of Korean players, Decemvre, Maximus Black and Maddelisk.... They had a massive roster, mostly players who never had a chance of placing at an event. Not really the smartest way to build a team.
But most progaming teams are like this too, right? I mean they have their A-team which is the players that they send to win tourneys and their B-team which are like "pros-in-training", which are just really good players who are there to learn from the actual pros and maybe become pro themselves after 1 year or so.
Wish the players were given a heads up, this is completely unprofessional by their management, doubt all funding would stop simultaneously and instantaneously.
I'm actually not surprised this happened. As a newly formed team they went on some massive spending spree and the contracts they offered the players were obviously a bit ridiculous too because some rather high maintenance players gave quotes such as " the contract terms met all my demands,etc". Then they went out to buy entire teams without a solid foundation like fxo.
Sad news but this is business. You make bad decisions, you fail.
WOW, wat tEH fuck?!! Did not expect this at all??? What happened? Did they screw up at an organizational level?? They were such an amazing sc2 team at one point (still a good time just be4 disbanding), and they had a fairly good dota team too. Very very surprised....
investors pulled their funding - Quantic was not making any money for them in the present nor did they foresee them making any money for them in the future. Can't keep injecting non-stop money into a business that is making zero profit (unless your name is Sundance)
On December 05 2012 09:49 Fluid wrote: How is this possible? Weren't they like the 2nd biggest team in NA? They even had a huge team house and everything. And their players were doing pretty good...
Damn, this is so depressing...
Because they were apparently 100% reliant on investor funding... It doesn't really matter much if you have a ton of non-guaranteed money that isn't really yours.
Everyone likes to shit on EG, but in the end they are one of the few foreign teams, along with Liquid that can actually offer stable conditions for players.
I think Quantic just got too big for it's own good but I guess no one really knows except those directly involved.
But then how did they get the money to use that huge team house? Did the ceo just blindly accept to rent a huge house without knowing if their investors would pay them the next month? What kind of business rationale is that?
By the sound of things that's exactly what happened... Are you really surprised by this point though? We've seen numerous teams fail, most of them were headed by guys with little to no business experience or education. Lots of people jumped on the opportunities that SC2 presented based on ambition alone. SC2 bubble has burst and the NA scene is especially weak on a global scale.
It's true that the team is only ~1 year old, but they had some big names join them (Sase,Stc,Nani,etc...). You'd think that would make investors more relaxed since they are guaranteed advertisement in big tournaments. It still feels suspicious that such a big team with very good players can vanish instantly.
Well it all depends on the management of the organization. Clearly in this case the management had no contingent plan or money of it's own. Like I said earlier, it's impossible to say with certainty what went wrong, but it seems that Quantic tried to take on too many projects and never saved/made any money. They aggressively expanded to take on ALL of Vile, a number of Korean players, Decemvre, Maximus Black and Maddelisk.... They had a massive roster, mostly players who never had a chance of placing at an event. Not really the smartest way to build a team.
But most progaming teams are like this too, right? I mean they have their A-team which is the players that they send to win tourneys and their B-team which are like "pros-in-training", which are just really good players who are there to learn from the actual pros and maybe become pro themselves after 1 year or so.
Yea but you need to start off smaller. You can't have like 3 players who can potentially place at an event and 30 that can barely make GM league.
EPT
