Vice Ventures is investing in taboo industries that other funds won’t touch
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Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#2Why is esports listed as a vice-venture?
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#3Why is esports listed as a vice-venture?
because it's kinda like gambling as a good portion of it can be down to chance, also "We try to keep the definition relatively broad..."
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#4I’ve mentioned this before, but the firearms industry has a similar issue, caused by the same clauses. Local gun stores often pay very high fees for credit card processing relative to other retail stores - and unlike gambling and pornography, this doesn’t seem to be supported by a higher chargeback rate as best I can tell. They’ve just been “lumped in” because of the regulated nature of some of their products.
I say “some of”, because things like magazines and accessories are usually included in the “prohibited goods and services” clauses, even though they are typical subject to no specific regulation at either the state or federal level. It’s honestly kind of weird to me.
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#5Why is esports listed as a vice-venture?
Sloth is the particular vice and playing video games is the embodiment of sloth to many.
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#6I’ve mentioned this before, but the firearms industry has a similar issue, caused by the same clauses. Local gun stores often pay very high fees for credit card processing relative to other retail stores - and unlike gambling and pornography, this doesn’t seem to be supported by a higher chargeback rate as best I can tell. They’ve just been “lumped in” because of the regulated nature of some of their products. I say…
I wonder if Walmart pays a higher commission on that portion of their business.
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#7Why is esports listed as a vice-venture?
Maybe because there's a lot of gambling in esports. There was that controversy with CS:GO skin gambling a few months back.
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#8I’ve mentioned this before, but the firearms industry has a similar issue, caused by the same clauses. Local gun stores often pay very high fees for credit card processing relative to other retail stores - and unlike gambling and pornography, this doesn’t seem to be supported by a higher chargeback rate as best I can tell. They’ve just been “lumped in” because of the regulated nature of some of their products. I say…
What I find so interesting about Vice Ventures is how she has drawn a hard line on the weapons industry.
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#9Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#10I find Unknown Fund more interesting: https://www.unknown.fund/