Pro athletes are anecdotally more likely to go bankrupt than other millionaires. I wonder if eSports champions will show the opposite pattern. Or if they’ll max out their APM day-trading forex and go broke that way.
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Replying to @ByrneHobart
Depends quite a bit on who the backers are I think. (Surprisingly to me I know at least one VC fund backing them and I assume part of the value add is “Put us in front of the talent and we’ll have a discussion about how the real world works.”)
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Otherwise my base case is that going pro is extremely destructive to human capital but that the type of people likely to do it might have sufficient social technology to land on feet after the free international flights, hotels, and social acclaim stops happening.
8:32 AM - 31 Jul 2019
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