Between games, my sister and I might have caught another episode of Three’s Company or Different Strokes. So, in hindsight are we the greatest judges of quality content?
As parents, our memories of video games have conditioned us to completely underestimate esports potential now hiding in plain sight, right in front of us. And behind us, and on the side of us.
Smart Money Betting on Esports
Forget the big prize money, I mean the really big money. Smart players like to deploy capital where consumer behavior and technology collide into the biggest investment opportunities.
Even the cutting edge seems too crowded to one of my favorite thinkers - Daryl Morey, the General Manager of the Houston Rockets - who likes to be even earlier. He has completely revolutionized my favorite game of basketball. But, he’s not done. He now compares the growth opportunity of esports to 1950s basketball. Morey explains, “I say it all the time because it’s true: The three dominant sports in the future are going to be soccer, basketball and esports.”
Morey led the Houston Rockets to be the first NBA franchise to hire an esports employee internally. His name is Sebastian Park and he studied cognitive science at Yale. I interviewed him and was fascinated. There is nothing more impressive to me than knowing somebody is several steps ahead of any industry, but who is disarmingly humble enough to look for swords to fall on. Park said, “There is no way we know anything right now, absolutely no way, compared to where we will be three years from now.” I believe working at a craft requires much more curiosity than in a job, and why it’s so much more exciting. Park agreed and told me, “When I was working in a ‘stable’ job in San Francisco that seemed like an illusion.”