Rogue owner on esports investment: ‘I feel a mix of pride, vindication, validation, and terror’
The question of esports’ viability has, at least for the moment, been settled by the immense amount of investment entering the scene.
DJ Steve Aoki, the Philadelphia 76ers and an investment group that includes Magic Johnson are just a few of the players to make big, recent moves in esports.
But while the matter of whether to invest might be settled, the questions of how, where and when to invest in esports continue to be matters of debate.
Amish Shah is a founding partner of venture capitalist fund Sierra Maya 360 which invests in Team EnVyUs. In an interview with Yahoo Esports, he said that the best time to invest in esports was six months ago, and now investors are just scrambling to avoid being left behind.
“I see a lot of ‘dumb money’ coming into the space just to follow others, with valuations for some teams higher than they should be. They have no clue […] Right now, B-rated teams are going at higher valuations than they should.”
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It’s not all bad news, though, as Shah believes that current owners still stand to benefit from a continued rise in value for organizations.
Rogue owner Frank Villarreal, whose organization recently inked a deal with Steve Aoki, told Yahoo Esports that the uptake in investment is an opportunity that brings with it some pressure. After dedicating so much time to esports, it’s both thrilling and scary to have the expectations created by big-time investors.
“When I started, no one understood why I was wasting my future on a hobby. Now, celebrities, athletes, major venture capital funds, and the media are validating my choices. I feel a mix of pride, vindication, validation, and terror.”
Source: The Score eSports