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'$179,702,427 have been given out in prize money (mostly from Valve) thus far' Come now, this part of your response is totally misleading. Valve contribute a b
by noxvilleza 7y ago
'$179,702,427 have been given out in prize money (mostly from Valve) thus far'
Come now, this part of your response is totally misleading. Valve contribute a base $1.6M for TIs, $3M for the old majors, $150k for the current minors and $500k for the current majors. The vast majority of the $179M is crowd-funded money: money which Valve facilitated the collection of but which many people only gave to boost the prize pool of The Internationals.
- Strom 7y agoAll the money paid for compendiums is for services provided by Valve. Valve also pays all the taxes that come with this fact, e.g. VAT. Yes they promise to give 25% of the revenue to prize pools and thus far have done so, but from a legal standpoint it's no different than buying skins in League of Legends. Contrast this to an actual crowdfunding site like Kickstarter which does not pay VAT on the collected money. [1][2] However perhaps you didn't like that my point could be viewed as if Valve is transferring money from non dota related profits to dota. That's of course not true, Valve is a business and profits from dota. I fully admit that and thought it didn't need mentioning. -- [1] https://help.kickstarter.com/hc/en-us/articles/115005139493-Are-creators-based-in-the-UK-and-Germany-responsible-for-VAT- https://help.kickstarter.com/hc/en-us/articles/115005139493-... [2] https://www.kickstarter.com/help/taxes https://www.kickstarter.com/help/taxes