Disclaimer: While I’m happy that Bear & others have found this post useful, I too consider myself to be in the early stages of learning about the company. I’m trying to answer as many questions as I can, but there are many things I’m still trying to figure out, and a few flags.
This humility is the sign of a quality poster. I appreciate what you’ve been bringing to the board, rmtzp, so thanks again!
I’m still not happy with the current quality of Skillz games that seem to be available, the “uncomfortable” marketing (as you put it), and the fact that this will be seen (and perhaps is) a form of semi-gambling. Still, there are encouraging signs, like that perhaps they really are a platform that supports developers and users alike. These developer tutorials seem pretty legit to me:
Also it was cool to know that ARK (Cathie Wood) bought some yesterday. I thought someone posted that on Saul’s board, but maybe it got deleted for some reason.
I’m holding just the 1% or so as I learn more, but this is one to watch!
I’m still not happy with the current quality of Skillz games
Hi Bear,
I’m also early looking into Sklz. A lot of people are concerned about the quality of the games, but I’m looking past it for now - the opportunity seems to be in the platform (which is attracting both players & developers). We can imagine that the games will get better, and the ‘bad games’ do not cost Sklz, they just might not get traction.
After all, if Sklz can grow ~100% YoY with ‘bad games’, what might they do with good games? I personally do not see the appeal in Solitaire or Bingo but clearly a lot of people do. For me, the proof is in the numbers (for now).
And do we necessarily need to like the product we’re investing in? I was shocked to learn that the highest performing stock of all time is Monster Beverage, returning >70,000% to shareholders. I never saw the appeal of it myself, and I don’t think I know a single person who drinks it. But people do…
(That’s not saying Sklz is a Monster, but I’m not ruling it out for the quality of its games just yet)
Also it was cool to know that ARK (Cathie Wood) bought some yesterday. I thought someone posted that on Saul’s board, but maybe it got deleted for some reason.
ARK invested another 245K shares today added to the 216k yesterday.
It was my post was deleted and I placed a link. I guess I did wrong. Sorry! you can look at the daily trades for ARK free so I wont post the link anymore…and maybe it means nothing here… Still learning?
I’m also early looking into Sklz. A lot of people are concerned about the quality of the games, but I’m looking past it for now
If you look at any casino (although I know this is somewhat different but also similar) the games are simple, fun and above all else addictive. Some of the most popular games by downloads, Candy Crush 500 Million, Angry Brids 500 million, Fruit Ninja 500 million, Jetpack Joyride 750 million are very simple games by comparison to modern games taking years to make. Pokémon Go and Subway Surfers 1 Billion and climbing is very simple compared to the modern games we might call high quality.
If games like PlayerUnknown’s Battlegrounds (PUBG) which are of higher quality, quick game play and highly compettitve can get into this mix they will make some crazy money.
What games people consider BAD are absolutely the simple competitive type of game that will keep them coming back and wagering a little coin to have fun. Chess, checkers anyone?