![]() ![]() It’s unclear why the world needs any of this, but it’s yet another example of inexperienced management combined with free-flowing investor dollars over-spending on fixed physical assets that are unlikely to generate any long-term value for the company.įinally, esports venue and lan center operator Nerd Street Gamers announced a new subscription service this week called Nerd Street+. The biggest head-scratcher is their replica set of the White House oval office. They are in the news this week with another questionable investment – this time in the form of $10M to build “The Castle” – a series of sets and gaming spaces designed to attract content creators. On the other hand, esports team NRG is unlikely to ever generate a positive return for their investors. Altos Ventures is Roblox’s largest shareholder, and they stand to make an incredible return on this investment. That’s a big step up from the $4B valuation they got earlier this year in a round led by Andreesen Horowitz. If we use Unity as a comparable, Roblox would be worth over $37B. According to the prospectus, 72% of users are on mobile devices with Apple devices holding a significant lead. ![]() The Roblox platform now boasts over 36M daily active users and over 8.7B hours engaged. Roblox’s filing comes just 2 months after the Unity IPO, but Roblox is bigger and growing faster. The company’s net loss also doubled to $48M. This week, Roblox filed their IPO prospectus after announcing that their third quarter revenue jumped 91% to $242M. A week of news covering the intersection of business and gaming / esports, all in about one minute – everything you need to know from the “profit of esports” himself.įrom the keyboard to the boardroom, this is the Business of Esports Minute! Every single week, I, Paul Dawalibi, the prophet of esports, will be bringing you my hottest takes from the week, basically everything you need to know about the business of esports all in about one minute. ![]()
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