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Started By
Message
re: LIV Golf will broadcast on FS1
Posted on 9/28/22 at 12:53 pm to Mingo Was His NameO
Posted on 9/28/22 at 12:53 pm to Mingo Was His NameO
quote:
quote:
Most startups don’t require BILLIONS to keep being burned.
Yes they do. A couple billion really isn't that much. Look at every tech company in the last 20 years
You think tech companies have billions in funding before they show more than a few pennies in revenue? You got an example?
Edit: And none of those examples you listed so far come close to meeting this criteria. Whoop already has a fair amount of revenue and a large user base, and they are on their series F.
This is more how large government infrastructure projects work (which, in a way, this is). Huge, upfront, initial outlays with a very long payoff period.
This post was edited on 9/28/22 at 12:58 pm
3
Posted on 9/28/22 at 12:55 pm to AbuTheMonkey
His own examples prove him wrong, and that isn’t up for debate
Posted on 9/28/22 at 12:55 pm to AbuTheMonkey
quote:
You think tech companies have billions in funding before they show more than a few pennies in revenue?
That's not what I said
Posted on 9/28/22 at 12:59 pm to Mingo Was His NameO
quote:
quote:
You think tech companies have billions in funding before they show more than a few pennies in revenue?
That's not what I said
Then you're not making a cohesive point. Privately-held companies without the entire backing of a sovereign wealth fund don't and can't operate like this, and none of the companies you've listed are similar to how LIV is coming to market.
Posted on 9/28/22 at 1:01 pm to lsupride87
quote:
His own examples prove him wrong, and that isn’t up for debate
Austistic people usually think black and white. It's OK that you can't extrapolate examples as they pertain to the situation at hand.
Look, I know you think you are smart because you work in accounting at Oshner, but making sure catheters get paid for doesn't make you an expert in finance
Posted on 9/28/22 at 1:01 pm to AbuTheMonkey
quote:
none of the companies you've listed are similar to how LIV is coming to market.
The XFL and AFL had proof of concept and significant revenue?
The point I'm making is spending a couple of billion isn't really that big of a deal in either business or live sports. Are the mechanics the exact same? Of course, not, I assumed any one with a brain would assume that, and that's on me. I forget you have to spell everything out like you are talking to a toddler on this site.
Are the Saudis and the PIF in a unique situation, again, of course and because they're funding the entire league it's not completely apples to apples, but I assumed you all could use deductive reasoning
This post was edited on 9/28/22 at 1:05 pm
Posted on 9/28/22 at 1:02 pm to Mingo Was His NameO
quote:Their goal was 100s of millions in funding over several years…..
The XFL and AFL had proof of concept and significant revenue?
Not Billions in its infancy
Posted on 9/28/22 at 1:05 pm to lsupride87
quote:
Their goal was 100s of millions in funding over several years…..
Not Billions in its infancy
They also weren't trying to indeed the main league in their space.
And they were more of a regional model
And they weren't nearly year round.
It's almost like a bigger operation may take more money.
This post was edited on 9/28/22 at 1:07 pm
Posted on 9/28/22 at 1:06 pm to Mingo Was His NameO
Dude it isn’t up for debate, the amount of money being spent on LIV in this phase of their product is very unique.
Not
Up
For
Debate
Thanks for your examples proving that
Not
Up
For
Debate
Thanks for your examples proving that
This post was edited on 9/28/22 at 1:07 pm
Posted on 9/28/22 at 1:07 pm to lsupride87
quote:
Dude it isn’t up for debate, the amount of money being spent on LIV in this phase of their product is very unique
Maybe in the fact that the Saudis have the money to do it themselves, but not the underlying model. It's standard operating procedure.
Again, I apologize, I completely overestimated your general intellegence
This post was edited on 9/28/22 at 1:12 pm
Posted on 9/28/22 at 4:37 pm to lsupride87
quote:
Wait
LIV is paying FS1?
That says a lot about the product....
Posted on 9/28/22 at 4:40 pm to lsupride87
quote:
So you think MOST startups require billions in dollars to be spent?
That's the craziest thing that I have ever heard.
People are getting rich every day with a great idea and little to no capital.
This post was edited on 9/28/22 at 4:43 pm
Posted on 9/28/22 at 4:42 pm to AbuTheMonkey
quote:
You think tech companies have billions in funding before they show more than a few pennies in revenue? You got an example?
Guess he never heard the Microsoft in the garage story.
Posted on 9/28/22 at 5:12 pm to bopper50
quote:
Guess he never heard the Microsoft in the garage story.
The same Microsoft that went on to sell and take on billions of equity and debt to scale the business?
Just want to make sure we are on the same page
Posted on 9/28/22 at 7:47 pm to lsupride87
quote:
So those examples were 100s of millions needed over multiple years.
Not BILLIONs needed in the first year
Further evidence that he doesn't have a clue what he's talking about.
Posted on 9/28/22 at 8:12 pm to COTiger
quote:
Further evidence that he doesn't have a clue what he's talking about.
He is a legend in his own mind, a regular stinking genius.
Posted on 9/28/22 at 8:16 pm to bopper50
You would think the number of down votes his posts/opinions receive would provide a "clue" as to what people think of his posts/opinions. But then again . . . .
Posted on 9/28/22 at 8:22 pm to COTiger
LIV is attempting to usurp a sport league not just a team. So a couple billion isn’t that much if comparative a single sports team like the Cowboys alone are worth 4-6 billion.
Posted on 9/28/22 at 8:31 pm to COTiger
I don’t think spending crazy money well before the revenues are there is unusual, but I just don’t see their model scaling to the point of producing a return on investment. I just don’t think there’s enough demand for any type of golf to generate the revenue. I assume that the only way to make money is through traditional sports entertainment channels: ticket sales, corporate sponsorships/advertising, media/tv contracts. Are they planning to tap into some new source? I’ve heard that they plan on selling team franchises but then I’d assume they have to share revenues with those teams.
If you were a banker and heard a pitch from LIV looking for investors…would you be interested in investing?
If you were a banker and heard a pitch from LIV looking for investors…would you be interested in investing?
Posted on 9/28/22 at 8:33 pm to bopper50
quote:
He is a legend in his own mind, a regular stinking genius.
Im just a regular dude.
And you and your nursing home running mate are run of the mill idiots.
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