YouStake is a marketplace that enables fans to invest in their favorite 'skilled game' players. Matt alexander poker show.
Traditionally, players competing in events like eSports and live poker have let their friends and family back them by purchasing a 'stake' in the tournaments they entered.
If the player they backed won, they'd earn a cut of the profits. This is known as 'staking.'
Crowdfund innovations in tech and design before they go mainstream and support entrepreneurs that are working to bring their dreams to life. Crowdfunding and Poker. Posted on August 1, 2013 By Jonathan B. Posted In Crowdfunding. One of the theories behind crowdfunding is that, by making. Crowdfunding is a new type of fundraising where you can raise funds for your own personal cause, even if you're not a registered charity. The page owner is responsible for the distribution of funds raised.
AI enabled board games with self-moving pieces which come with multiple games & a built-in coach. Check out 'Square Off NEO & SWAP: Smart Automated Board Games' on Indiegogo. Poker-Snax is a distributor of Healthy Food, Snacks and Beverages to poker players across North America. The company was created to tackle an ongoing problem in tournament poker, where poker players are only entitled to very short breaks (15 minutes or less) every 2 hours or so and a dinner break, which is anywhere from 8 to 10 hours after the start of any tournament.
Historically, staking has been unofficial. But handwritten notes, back-room deals, and word-of-mouth agreements led to investors not paying their commitments, and players not honoring their deals.
But now YouStake has modernized staking, making it safe and secure. For the first time, investors like you can invest — and potentially profit — by taking part in more than 250,000 skilled game events each year.
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'What sets YouStake apart is their vision to become an infrastructure that all skilled games benefit from,' said Jason Robins, company advisor and CEO & Co-founder of DraftKings, which is one of the world's leading sports contest providers.
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To invest, simply visit YouStake.com and see which competitors are looking for investors (or 'backers'). As the company notes on its website, its players have lifetime earnings of more than $100 million.
From there, just like investing in a start-up company, fans purchase equity stakes in their favorite player and earn a share of any potential winnings.
YouStake makes money by adding a 5-10% fee for every investment a backer places on a player.
Meanwhile, players looking for backers pay a 'listing fee' of either $1.99 plus 5% of the total amount raised, or $14 plus 2.5% of the amount raised.
Traditionally, players competing in events like eSports and live poker have let their friends and family back them by purchasing a 'stake' in the tournaments they entered.
If the player they backed won, they'd earn a cut of the profits. This is known as 'staking.'
Crowdfund innovations in tech and design before they go mainstream and support entrepreneurs that are working to bring their dreams to life. Crowdfunding and Poker. Posted on August 1, 2013 By Jonathan B. Posted In Crowdfunding. One of the theories behind crowdfunding is that, by making. Crowdfunding is a new type of fundraising where you can raise funds for your own personal cause, even if you're not a registered charity. The page owner is responsible for the distribution of funds raised.
AI enabled board games with self-moving pieces which come with multiple games & a built-in coach. Check out 'Square Off NEO & SWAP: Smart Automated Board Games' on Indiegogo. Poker-Snax is a distributor of Healthy Food, Snacks and Beverages to poker players across North America. The company was created to tackle an ongoing problem in tournament poker, where poker players are only entitled to very short breaks (15 minutes or less) every 2 hours or so and a dinner break, which is anywhere from 8 to 10 hours after the start of any tournament.
Historically, staking has been unofficial. But handwritten notes, back-room deals, and word-of-mouth agreements led to investors not paying their commitments, and players not honoring their deals.
But now YouStake has modernized staking, making it safe and secure. For the first time, investors like you can invest — and potentially profit — by taking part in more than 250,000 skilled game events each year.
Crowdfunding Play Business
'What sets YouStake apart is their vision to become an infrastructure that all skilled games benefit from,' said Jason Robins, company advisor and CEO & Co-founder of DraftKings, which is one of the world's leading sports contest providers.
Crowdfunding Poker
To invest, simply visit YouStake.com and see which competitors are looking for investors (or 'backers'). As the company notes on its website, its players have lifetime earnings of more than $100 million.
From there, just like investing in a start-up company, fans purchase equity stakes in their favorite player and earn a share of any potential winnings.
YouStake makes money by adding a 5-10% fee for every investment a backer places on a player.
Meanwhile, players looking for backers pay a 'listing fee' of either $1.99 plus 5% of the total amount raised, or $14 plus 2.5% of the amount raised.
This business model has enabled YouStake to become profitable from day one, and has translated to considerable success in the company's two-year history.
After its first year, the company had more than $2.3 million in player listings. After its second year, that number grew to $7.4 million.
Those figures could rise even higher in the near future, as the company aims to take a bigger piece of the $100 billion annual sports sponsorship market.
Currently, the skilled games sector represents $16 billion of the sports market. And eSports is expected to grow by 32% year over year and soon surpass $1 billion in annual revenue.
By 2019, YouStake projects to reach $100 million in listings and $20 million in revenue.
The company will also expand into more sports, including golf, tennis, MMA, NASCAR and drone racing.
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The company is backed by the 500 Startups accelerator program, which has previously guided start-ups like Twilio, AngelList, and CreditKarma.
