Hi All, this is a conversation near and dear to my heart, as we've been working on building a Twitch competitor for nearly two years. We're very close to having a finished product, but as we've all seen with Own3d (and many other video platforms over the years); it's take a fair amount of capital to actually launch and sustain a viable business in this space.
We've thought long and hard about bootstrap launching, but we've decided that route simply doesn't allow us to offer the level of service we think you deserve.
To those who think that game streaming is a goldmine of cash, I can confidently say to you that it is not. It's a high-volume, low margin business at this point. There are a few who make some cash.
But most of that is a loss leader for another product. Like Riot Games - think their eSports division makes any net profit? Or do you think it's mostly an advertisement that drives players to LOL?
There IS opportunity here, and an opportunity that can be good for many, as opposed to the few, but it takes a lot more than just throwing up a pre-roll video ad in front of your livestream.
That's one reason we're working on some really innovative ways to help engage audiences and leverage expanded types of business models with your channels.
At any rate, happy to dive into the conversation further if anyone is interested.
We've also launched an online petition to help us get the attention of other venture cap and private equity investors; since this has been part of our battle for the last year.
If you really want to see another competitor in the space, help us prove the market to a generation of people (financiers) who do not understand game streaming at all.
We've thought long and hard about bootstrap launching, but we've decided that route simply doesn't allow us to offer the level of service we think you deserve.
To those who think that game streaming is a goldmine of cash, I can confidently say to you that it is not. It's a high-volume, low margin business at this point. There are a few who make some cash.
But most of that is a loss leader for another product. Like Riot Games - think their eSports division makes any net profit? Or do you think it's mostly an advertisement that drives players to LOL?
There IS opportunity here, and an opportunity that can be good for many, as opposed to the few, but it takes a lot more than just throwing up a pre-roll video ad in front of your livestream.
That's one reason we're working on some really innovative ways to help engage audiences and leverage expanded types of business models with your channels.
At any rate, happy to dive into the conversation further if anyone is interested.
We've also launched an online petition to help us get the attention of other venture cap and private equity investors; since this has been part of our battle for the last year.
If you really want to see another competitor in the space, help us prove the market to a generation of people (financiers) who do not understand game streaming at all.
http://www.change.org/petitions/vc-s-private-equity-and-ange...?
Thanks for your support!