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let me know when ad revenue pays more than viewbots cost.
one fc would finally make money.
They could use malware to make other people's computers do the bot work.
let me know when ad revenue pays more than viewbots cost.
one fc would finally make money.
something else that isnt faked is Weili Zhang having twenty times as many Weibo followers as Xiong NanUFC will not gain prominence in Asian marketjust like ONE will not gain prominence in the US market. Its similar to how Amazon can't get a hold of the Chinese market while AliBaba can and vice versa. The numbers that Chatri brought up are not faked, its real and the valuation is real as well. This is just a part of the growing economic divide between the US and China.
UFC will not gain prominence in Asian marketjust like ONE will not gain prominence in the US market. Its similar to how Amazon can't get a hold of the Chinese market while AliBaba can and vice versa. The numbers that Chatri brought up are not faked, its real and the valuation is real as well. This is just a part of the growing economic divide between the US and China.
I disagree that it's "not growing". They're still in the very early stages of building a brand. They only got significant investment in 2017 so it's a very young company in a region that is rapidly developing.
Look at the population in Asia across 2 time zones. There's 4 billion people and the population is very young and glued to their smart devices. This is what Sequoia is betting on. It's a massive market. A massive opportunity. That's the type of opportunities investors salivate over. If they wanted to be profitable from day 1, they'd open dry cleaning shops. Problem with those is they're capital intensive and take forever to scale. A media company can scale with relatively little marginal cost.
Will ONE be a massive success story? I don't know. No one really knows but the smart money is behind them. They have a lot of capital to play with and the aforementioned massive market to appeal to. Why couldn't they be the UFC of Asia in 10 years?
https://www.ft.com/content/56b35970-de1e-41a6-9fb1-b482075e092b
Sequoia just invested in FTX, the Crypto company. FTX already is one of the MLB's sponsors, owns naming rights to the Miami Heat home arena and has Tom Brady as an endorser. Being that UFC has a partnership with Crypto(dot)com, FTX-OneFC partnership coming soon?
Considering the same people gave money to FTX, which was essentially a ponzie scheme, I don't think it was that difficult. I think they should have a meeting with us and help us start Sherdog FC.“I was offered US$100m after a 1 hour breakfast”
Chatri with the biggest humble brag of all time lmao.
The final on this world Cup (Argentina -France) had atleast one billion viewers!!From LinkedIn:
I was offered US$100m after a 1 hour breakfast.
A couple of years ago, I had breakfast with Sequoia Capital's Michael Moritz (Chairman), Douglas Leone (Global Managing Partner), and Shailendra J Singh (Managing Director) here in Singapore. Not only was I blown away by their intelligence and wisdom, but I was so impressed by their humility and kindness. Michael and Doug are legends for having built the most successful venture capital firm in history with investments like Apple, YouTube, Google, WhatsApp, Airbnb, Oracle, and many others. After grilling me with questions, they told me that I was an authentic founder, an entrepreneur whose life calling is that particular business. They also said that, when an authentic founder leads a great company with both a powerful business model and a huge market opportunity, the equity has the potential to compound at high rates over long periods of time.
A few hours later, Shailendra graciously offered to lead the next round with a US$100m investment into ONE Championship at a valuation in the US$1 billion range. (Of course, they had already completed months of due diligence on our viewership data, financials, leadership team, and market opportunity). I will forever be full of gratitude to Michael, Doug, and Shailendra. #gratitude
https://www.linkedin.com/in/yodchatri/
I am guessing this is a practice of creative accounting on Sequoia's part if true (likely not). They seem to be going for tax writeoffs in investing 100M USD on a company likely not gonna earn more than that in the next 10 years. But tf do I know? If they find a Gomi or something, they could hit it out of the park and be a legit billion dollar company someday.
Very early stages??????????? They been around for almost 10 years now and continue to burn millions more every year, not one year have they seen revenue grow and loses go down. A company that has been running for 10 years with what appears to be 100's of millions backing it over the years at some point should be able to lower the cost of doing business as the infrastructure has been built. At what point do you say there is no end to burning through money?? At some point there at least has to be light at the end of the tunnel of the business becoming self sustained on some level. One isn't anywhere near that after 10 years.
I don't understand why or how these people continue to invest in ONE. What has been leaked out through the years paints a never ending picture of burning money with very little to show for it. They surely aren't spending much of the investments on fighters and with out top fighters you become just another org in world.
I've always said this about that part of the world. The numbers are there to make killing in whatever your selling, the problem is making people value what you sell. That has always been a massive issue in that part of the world. People over there don't pay 100 to 200 bucks a month for media(cable/satellite) or whatever. Many get it for nothing. So TV deals in that part of the world are peanuts compared to European nations and most of the Americas. Sports, live and die by media deals, its as simple that.
Look at an org like Bellator supposedly having revenue around 75 to 100 million. Just based on that you know they are making money finally as some leak information was saying they needed a good 25-30 million or so a year to be sustainable. Now with DAZN apparently gone it will be interesting what will happen long term as they just lost about 30 to 35 million of revenue. Either way they should still be positive with the media deals growth around the world. Investing in Bellator from a numbers standpoint would make sense. I actually won't be surprised and I'd welcome Viacom selling off Bellator as I think it's very poorly run today.
World Cup final earlier today had one billion viewersLmao dont they fake YouTube views and comments to pretend they're popular. Truth is no one gives a shit about them. 1 billion my ass.
Sequoia knows how to pick winners. They were early investors in Apple, Google, Oracle, YouTube, Instagram and WhatsApp. That's just a few. Sequoia is the most successful venture/late stage growth investor ever. They wrote the book on how to invest in promising companies. They are the smart money.
Stop with the "they're doing this for tax write-offs". Investors at this level play to win. Thousands of hours of due diligence is conducted. Sequoia has to make money for their investors (limited partners). The limited partners are high net worth individuals, university endowments, pension funds, sovereign wealth funds, insurance companies, charitable foundations.
Sequoia is one investor of ONE Championship. They also have Iconiq, Temasek, GIC (Singapore sovereign wealth fund) and Mission Holdings. Mission Holdings is owned by Saurabh Mittal who was in the mini doc on Chatri. One of the richest men in Singapore.