Why is esports listed as a vice-venture?
It's the equivalent of sports gambling.
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
#22I’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.
If it's sex or drugs or any sort of addiction, the user is victim. With weapons, other people are the victim.
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#23Earlier quoted context omitted.
I wonder if Walmart pays a higher commission on that portion of their business.
No, they're a "reputable business", i.e. large enough and well-enough established that they can't be bullied into submission.
Yeah, Visa tried to keep their fee high, and I believe Wal-Mart won that fight in Canada (although they won't specifically say).
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#24Earlier quoted context omitted.
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I think your comment is interesting because it demonstrates how inadequate the left wing - right wing view of the world is. A lot of "left wing" energy is spent trying to kill the gambling and nicotine industry.
I guess I mean the "popular left/right" more than the "establishment left/right" especially when it comes to startups and unconventional investing.
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#25Earlier quoted context omitted.
Sloth is the particular vice and playing video games is the embodiment of sloth to many.
Compared to watching TV?
Someone asked how it is considered a vice. Sloth is considered a vice and playing video games fits right in there in the judgement of enough that it gets mainstream play.
As far as TV goes, we heard the same thing about tv warping kids' minds years ago.
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#26Earlier quoted context omitted.
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I suspect that weapons producers don't have a shortage of investment opportunities. Their customers include militaries and police departments. And if it's "just politics," the finance industry skews right and the NRA is one of the most powerful lobbies in the US. If ivestors are distancing themselves from the gun industry, I'd assume that it's good ol' fiscal conservatism: mass shootings are on the rise and they don'…
Big, established arms companies have decent financial prospects. Firearms/accessories businesses in the startup space (or just small, local businesses) are frequently cold-shouldered out of opportunities.
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#27Earlier quoted context omitted.
What I find so interesting about Vice Ventures is how she has drawn a hard line on the weapons industry.
If it's sex or drugs or any sort of addiction, the user is victim. With weapons, other people are the victim.
How does buying a vibrator make someone a victim?
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#28Earlier quoted context omitted.
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I think your comment is interesting because it demonstrates how inadequate the left wing - right wing view of the world is. A lot of "left wing" energy is spent trying to kill the gambling and nicotine industry.
Not really. The left tends to oppose government restrictions, as opposed to the center and center-left (liberals).
Re: Vice Ventures is investing in taboo industries that other funds won’t touch
#29After closing the huge sign-up popup, dismissing the Medium-App-suggestion and closing the cookie-banner I lost all interest in reading the article, which is a shame.
I sometimes hate the internet.
At least the HN comments were insightful, unlike my rambling. Sorry about that.