3 ms·
If you are disputing the whole point of the article directly like that, you'll have to provide a source. There's a lot of sponsor money involved, big organizat
by dewey 4y ago
If you are disputing the whole point of the article directly like that, you'll have to provide a source.
There's a lot of sponsor money involved, big organizations with multiple teams for different games traveling to large events. Doesn't sound like they are all doing it for the love of the game.
There's single teams that are valued > $500m: https://www.insiderintelligence.com/insights/esports-ecosystem-market-report/ https://www.insiderintelligence.com/insights/esports-ecosyst...
- unmole 4y agoPrivate valuations are nonsense. FaZe went public via a SPAC and is now down by ~95%.
- CaveTech 4y ago10x Revenue multiple is insane on those valuations. Most of those teams are barely 10 years old, and mostly unprofitable through their tenure. I think we're starting to see a rational market take over with FaZe going from 750m+ market cap to ~30m.
- charcircuit 4y ago>There's a lot of sponsor money involved, big organizations with multiple teams for different games traveling to large events. Just because there is a lot of money moving around it doesn't mean it's profitable in general. >Doesn't sound like they are all doing it for the love of the game. Doing it in hopes of making a return on investment doesn't guarantee you will be profitable. >There's single teams that are valued > $500m A lot of those numbers are inflated. As the sister comments mention look at what happened to faze.