Tobias Seck
208 posts
Tobias Seck
@TobiasSeck
Empowering esports stakeholders with the knowledge and information needed to do business in the world of esports successfully @TEAdvocated
Germany
Joined September 2015
- Replying to @RichFooty@jfudge Here is my take: @RichsWrath is 100% correct in pointing out that G2 (G Esports Holding and its subsidiary G LOL) is not profitable. While the company was able to claim a tiny profit – in relation to its capital expenditure – of just under €600,000 in 2021, the company
- 1/4 Here is a red flag for @Forbes "most valuable esports teams" list: Last year, when the first list was released on Oct. 23, 2018, they valued @echofoxgg at $150M while its actual valuation was just $53.75M according to a document filed with an L.A. court earlier this year.
- I'm currently attending an esports event for @esportsobserved. The super engaged crowd is telling you which one it is. #HSCXX
00:00 - "Integrity doesn't come in degrees: low, medium, or high. You either have integrity or you don't." – Tony Dungy. I can't comprehend the Esports Awards' audacity in planning to partner with a Saudi Arabian government-founded entity and hand out awards to content creators,Here is my official stance on the @ESWCgg and @esportsawards as a journalist and the co-founder of @TEAdvocated: While it is highly unlikely that our publication/reporters would be nominated this year- let alone win an award - given our coverage of the Esports World Cup, @ESL ,
- Replying to @TobiasSeck and @jfudgeAside from that, there are several journalistic issues within Sheep Esports’ article based on which Rich’s criticism is understandable. Primarily, the screenshotted paragraph contradicts itself as it points out that G2 made a loss before interest, tax, depreciation, and
- One more sign of #HSCXX being a unique esports event: @Blizzard_Ent co-founder @mikemorhaime made made an appearance on the casters' couch, got a huge ovation from the crowd, and stood the audience 200 free pizzas.
- Replying to @TobiasSeck and @jfudgeAs a result of its ongoing VC-funded growth and expansion strategy, G2 is still in need of additional cash infusions and has taken out a €3.29 million convertible loan recently and planned an additional financing round for 2024. 🧵 7/7
- Dear readers, colleagues, friends, and connections, As my journey with Sports Business Journal (SBJ) and The Esports Observer (TEO) comes to an end on March 31st, I'd like to take a moment to express my gratitude for the incredible experiences and growth I've had. I joined TEO
- Replying to @TobiasSeck and @jfudgeLastly, Sheep Esports’ article praises G2 League of Legends team subsidiary for its supposed profitability. But once more, a closer look into the company’s financial documents reveals that this is – at best – missing relevant context. The subsidiary’s accounts are only marked as
- Replying to @TobiasSeck and @jfudgeAlso problematic is the statement, that “in terms of cash flow, the company will start 2023 with €2.1m, €3m less than 2022.” The use of the term cash flow is incorrect in this context. Cash flow refers to the cash that flows in and out of the company. The financial results
- Replying to @TobiasSeck and @jfudgeAdditionally, the author claims that G2 generated €27 million in turnover in 2022, however, that number should have been €22.8 million (TEUR stands for Euros in thousands and Umsatzerlöse is the German word for revenues or turnover). My best guess is, that the author confused
