What do these 3 Men Have in Common?
It seems like some people are making more state of OneSeason posts than usual, and I am a copy cat so I will chime in.
It currently kind of blows if you have a lot of money in.
It is still moderately fun if you are playing with $50 - $100 and can see 5 - 10% gains off IPO hits.
Everyone will likely continue to go down thru the summer.
Football SHOULD see some renewed interest, but existing players likely will not recover overly quickly as new options will continue to come to market.
If you have a TON (60+% of FRTE) of someone, you are kind of screwed short term.
If you have a few shares of every football player, you will likely be able to make a few measley dollars.
Bullpup theorized today that perhaps OneSeason is correcting to where they expected it. I interpreted that to mean that he thinks it is possible they are only after very small casual players.
The fact of the matter is that if the rent on their office is $5000 (laughable low for SF) and they are getting 1% commission in each direction they need $250,000 worth of shares traded a month to cover that cost.
I have also heard it theorized that they may be getting as much as 7% interest on the money in the system, and that is how they intend to profit.
5 employees (less than we know they have) making $50,000 each (pretty standard for 20 something college grads) would mean they need $3,571,428.57 in the bank at an AMAZING interest rate to afford those employees, and we haven’t even discussed traditional and non traditional benefits yet.
I think the final theory is that CRV giving them 3.5 million dollars buys them time.
Startups are not usually given 2nd phase money until they hit the 2nd phase.
3.5 million would BARELY cover the advertising they are doing in addition to their hosting fees and operational costs.
The reality is that something WILL change in the very near future.
OneSeason out of sheer necessity can NOT remain in it’s current state.
The logical move? You tell me
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