Nadeshot On 100 Thieves layoffs and the Difficulty of Running an Esports Org
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- Опубліковано 15 бер 2023
- VOD: / nadeshot
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"Its not an easy business to have and run and grow" Yes, because there is NO path to profitability right now.
Yeah boi, that NickMercs karma coming full circle.
@@nutz0148 it’s every esport org struggling even LAG which is a big player backing down. Y’all really gotta take that meat out ya mouth and let go.
@@nutz0148 what do you mean?
@@nutz0148 who???
@@nutz0148holy 😂 you’re a scary individual.
The whole competitive e-sports industry needs to take a look in the mirror and get the fees and costs under control. I will freely admit that I'm looking at this as a total outsider and there are likely complex layers to the whole thing, but $20 million per team in Overwatch and $25 million per team in COD is ridiculous. These teams are mostly small business that rely on content creation for revenue. UA-cam, Twitch, and other platforms are making buckets of money off of these orgs. With half of your supporter's financial support (subscribers and watch time) going to huge corperations, it's understandably difficult to stay in the black.
CDL is making $300 million in franchise fees! That's the same as the GDP of a small Caribbean nation. Then you have revenue from ads, sponsorships, and ticket sales/merch from live events. Again, I may not understand the full operational and logistical costs that goes into the league, but this is an absurd amount of money. As a viewer and supporter of competitive COD, I do not feel like I am getting the value out of that massive budget. I have experience in live event promotion and operations. There is no way that CDL's venue costs, equipment (lighting, sound, stage, etc), and talent is anywhere close to what they making in revenue. Someone is getting stupid rich off of this whole system.
Wow thats so sad, 25mil? Sign Jayson Tatum
Esports isn’t a sustainable business model and it starts with the league organizers making an environment where everyone can thrive
90 dollar hoodies could only take you so far.
😂
They sell out every drop so maybe more $90 hoodies would help
They living life kid tf you doing 🤣
In a recession people with unnecessary jobs don’t get to stick around sorry. Just being a realist but esports doesn’t bring any product to the table it’s just entertainment and that’s the first thing people cut out in a decline.
Yeah, this is the main issue. A lot of the success for these orgs was receiving VC investments and sponsorships from investors who had money to gamble with in a QE/booming economy. It gave a lot of these orgs a false sense of security and ego. Now in a recessionary environment the least important jobs/companies get hit the hardest. Players who were getting paid upwards of 7 figure salaries made out like bandits during the bubble. These mismanaged orgs were too frivolous with the way they handled their finances.
first of fucking all we gotta have a good game lmaooooo
Valorant duh
That venture capital money is gone. Best of luck to all these e-sports companies. They are on the way out. Time to sell.
Layoffs in the tech and entertainment industries all over the place.
Let’s be real, who hasn’t been upset at their manager or boss lol
Ggs
The model will evolve. Esports will stay, just not in its current form
Its been a long time with not much change...
Some of the criticism is justified. These orgs were initially run by pro gamers with zero business expertise. TSM started in Regi's basement, and he was just a random league of legends degenerate who wanted to start a team to compete with. He got lucky with the timing of starting an org in what would become the most popular e-sport of the next decade. He hired his girlfriend Leena into an upper management position who also had zero experience at the time.
The success of these orgs is more from the esports industry taking off in popularity then it is from individual owners being savvy business people. Over the years, orgs have begun to hire actual professionals to help run these companies, but there is still an underlying feeling of amateurs running businesses that they don't really deserve. The poorly ran businesses can survive in a booming economy when investors are throwing around money left and right, but these orgs are getting swallowed up in this economy where money doesn't get thrown around so haphazardly.
exactly this. across so many industries ive seen and been involved in the same thing. shit even some of the richest people in the world talk about how they got their start with a 10k condo and built up from there and dont get why other people arent doing the same thing as if the 2008 housing crash is still around lol
@@haydenmolineux5999 Yeah, psychologically it feels better to give yourself full credit then to admit how luck played a huge part in your success. It's an ego thing. I've always said and stand by the following statement. Reginald, who owns one of the most historically successful orgs in esports, would struggle to even get an internship in today's esports job market if he had to start over as an 18-year-old kid in 2023. From multimillionaire CEO, to begging for unpaid internships, with the only difference being lucky timing.
Regi probably started TSM with a couple hundred bucks and a business license, now you need $10 million bare minimum to buy an LCS franchise slot. And thats not counting everything else after that such as player/staff salaries and so on. The barrier to entry alone guarantees that Regi wouldn't be able to replicate his success if he had to start over with nothing. It's just crazy to think about. It doesn't really matter since we don't have an alternate universe to test out my theory in.
@@Djfjfjrhhrjrhrhfj you have no actual evidence to support anything you or the OP said. Companies don’t magically grow into multimillion dollar organizations without a lucrative concept and plan
@@Djfjfjrhhrjrhrhfj don't forget that Riot allowed people to "work" and have a "salary" without a working visa, so rosters were easier and cheaper to make. Don't we all forget about how little compensate everyone else besides the players had.
im just brainstorming so dont shoot me okay but what about this:
A platform that all orgs have a stake in that has exclusive rights to tourneys, scrims, smaller cash comps etc. All pro players' individual streams are contracted there through orgs and the studios who's comp games are streamed invest in the platform to have their game streamed there. If all players and orgs are having their competitive streams there the games cant afford to not buy in. Only for comp play but, casual plays can still stream elsewhere.
No Business is easy to run, it all involves tough decisions, esports is no different
this is why its important for pros to have there youtube channel or twitch stream, incase shit falls through
Ahhh trimming the fat before the good ole Optic Merger smart move when Optic absorbs 100T and Nade returns to his rightful home so Hecz can finally retire and do content
What sports do they play? 🤔
e
Basketball
i dont think these is anything wrong with watch parties, if it bringh the viewer shit, why not, just make those people bringin people in partners of the brands or leagues
What kind of lifestyle do u expect esport players to have? The expectations players set on Orgs is because of Orgs.
Just sell more Hoodies 4Head.
Bro cmon
Nade, do you. You run a business where the main audience is 12-26 years old. Not a lot of maturity there. Maybe when they're older they'll understand the things you've done and the things you're trying to do.
tell me how a 50million dollar facility will lead me to profit. I work at a bank, and have a masters in computer science. I don't see how what they did with their business model is not a financial misstep.
You can't say the "younger generation" is "entitled" because they have an opinion about your extremely publicly ran company.
You show all your success and flash all the fancy new buildings and team houses, but when you start having financial issues and people criticize that you can't be upset.
You don't need to have run a business or be business/econ major to see an unsustainable business model, which is how almost all of these organizations are run.
These teams spend money left and right to support unrealistic lifestyles and expectations of owners and players, from the actual small revenue they make.
The only thing that makes these orgs money is merch and sponsors, tournament winnings don't pay the bills.
Yet everyone wants to live in million dollar houses, have designer clothing, exotic cars and million dollar facilities, bidets in their office toilets when the actual profit isn't there.
Entitlement is thinking you guys deserve more than your worth.
No one is saying we want esports to fail, but all these organizations need to come back to earth and step away from these lavish lifestyles they have grown accustomed to and come back to the reality these orgs don't make as much money and aren't worth as much as they think they are.
You haven’t earned a right to an opinion according to him
@@kartgal "who the fuck is this nigga??" NadeShot probably
That’s why you don’t sign creators that are friends with co owners and bring in actual talent that’ll get you money lmao
who are you referring to? who did they sign that were friends and who should they have signed?
@@Parenegade maybe Neekolul. Her fiancé is a manager and owner of various companies. But they did let her go last month
Just make an anime gacha game. There's your source of revenue easy
Reginald ran TSM for like a decade, how hard can it be lol.
but it was a growing period from infancy to like adult. Now its adult and having hardships basically instead of non stop steady growth.. it will rebound, the market is just crazy volatile and uncertain right now.
Giving out money to “influencers” like Neeko and buying oversized warehouses and you wonder why 100T is going down.
exactly!!!! and maybe he should've not purchased that porshe for 189,000$ lol
Lol he sounds so defensive
Blaming mismanagement on the “entitlement” of the younger generation when the younger generation is your lifeblood doesn’t seem like a smart idea. Esoorts teams need to adjust to the current market, not just in merch but content creation aswell. Prize money still isn’t enough to run a team.
Nadeshot is a joke!!!!!
YALL GOT TOO GREEDY
so basically he's saying he regrets buy that Porsche for 189,000$ he couldn't saved a few jobs instead of being greedy
Not buying that, would have delayed the layoff of 1, maybe 2 jobs for 1 year. Next thing you're going to say is he shouldn't have bought a house, or he shouldn't go on vacation because he could have saved a couple of jobs?
@@timbatee7433 I would say saving 1 or 2 jobs would've absolutely been worth it...and why are you bringing up his house or vacation I never said that so stop being braindead lol
looks like nadeshot is on high weed. all the pro players layoff and resign from the failure 100t. u should have pick trump 😂