esports investments are a joke - there's so much dumb money in this space!
look at this "billion dollar" publicly traded company: $EGLX
Enthusiastic Gaming is a holdco of random assets ranging from the most popular website for The Sims, to a minority stake in the vancouver overwatch team.
It's not a bad company...it's just not worth $1b
here's a quick scan of their last quarter report
looks like they rolled up a bunch of companies:
- Bought @Luminosity for $1.5M cash, 7.5M stock
- Bought a couple agencies for $13M cash + more stock
- started trading on the TSX in january, up ~4x in a year.
They are basically an ad agency for gaming channels + websites
Elon Clubhouse summary for those who are locked out:
Q: When are we going to get to Mars?
@elonmusk (says some smart space stuff)... I figure... idk.. ~5.5 years.
Q: What will it take to go to Mars?
@elonmusk You need a fully & rapidly re-usable rocket. Rapid is imp.. can't take months between flights. Needs to be like airplanes where the biggest cost is fuel.
Too much news, too much sugar, too much of everything at your fingertips..There's only 1 way out.
Let's lay it out:
On one side, you have "Team Dopamine":
* 24/7 news cycle, full of clickbait headlines
* Social Media, friend's pics that disappear in 24 hours
* Endless varieties of sugar & porn
going up against your tiny, 3 pound brain running 20,000 yr old software
Even if you are a smart person who tries their best to stay healthy & happy... you are going up against Fox News, TikTok, PornHub, Robinhood, Instagram
If you're out of the loop - this is the (hilarious) story of a subreddit (wall street bets) taking down a multi-billion dollar hedge fund... get your popcorn ready 🍿
the hero of our story: a user named DeepFuckingValue bought $50k of call options in Gamestop ($GME) that has turned into a $13M+ win in ~3 months.
he's a part of the subreddit r/WallStreetBets, a group of degenerate gamblers that I love.
So here's the situation.
Gamestop (GME) = a dying biz. circling the drain. Who goes to a store to buy games? It's basically a pokemon card dealership at this point. Plus with covid, malls are dead.
So some Hedge Funds are shorting the stock, betting it would go down.
just sent out a newsletter to 16k subscribers about...CLOUT KITCHENS:
WHAT it is...HOW it works...and HOW MUCH $$$ they make👇
A lot of people have heard of Cloud Kitchens (a restaurant with no storefront. They ONLY do delivery via doordash, uber eats etc.)
That's a cloud kitchen. What's a 'clout kitchen'?
It's a cloud kitchen - branded with an influencer who has clout.. hence, a clout kitchen.
The best example? 3 weeks ago when @MrBeastYT came out with MrBeast Burger and it became the #1 app on the app store, and got slammed with so many deliveries it was 2-3 hour delays
If you wanna level up - the fastest hack is to hangout with people who are ALREADY at that level.
The beauty of twitter is that you can hang with anyone.
The problem is ppl follow the wrong accounts. It's noisy as f*ck.
Here's 27 people you should follow (and why)👇
If you hang with smart, interesting, successful people - you will start to think & talk that way too.
We are monkeys that copy what we see. You can fight it, or use that to your advantage by surrounding yourself with people who you want to become more like.
Group 1: Smart, Rich, & Don't Give a F*ck (no filter)
@chamath - was early FB, has big balls, bet early on Bitcoin & SPACs
I think @paulg accidentally predicted Bitcoin exactly 1 year before it launched..
Paul was giving a talk at startup school about the two most common bits of advice YC gives its startups:
1) Make something people want 2) Don't worry too much about making money
If you put those two together...
= non-profit
It was a joke wrapped around a nugget of truth.
Some of the greatest startups look like non profits initially.
Eg. Google did not look like it was going to become a trillion dollar company. It was a free search engine built by 2 PHd students with no business model.
Reading this article, the story sounds pretty wild. But I spent a weird amount of time with Martin Shkreli, and I’m not surprised the journalist fell in love w him
A few years back my team built an app called Blab. It was like clubhouse before clubhouse.
When he first joined the app I had no idea who he was. I just saw that his live streams instantly had 3-4K viewers. More than anyone on our tiny platform.
I googled him and it came up: “Martin Shkreli, most hated man in America”
I assumed he was bad news
And he was... but also he wasn’t.
He was a douchebag, but he was in on the joke. He was a dick, but he was also very entertaining.
In the mornings he would live stream himself analyzing stocks or walking through drug discovery pathways.
So I thought the whole "paid newsletter" thing was dumb.
So naturally, I tried it out as an experiment.. The results were kinda nutty. The newsletter started bringing home $49k per month (!) -- Here's the backstory
"what was the newsletter about?"
Well - for the past year, I've been doing a podcast called My First Million. Gimmicky name, but whatever.