BILLION DOLLAR GAMING INDUSTRY & HOW TO GET VENTURE CAPITAL
The gaming industry is a $150 billion annual marketplace that is growing at a rapid pace. Competitive gaming has now become a full-time career for many and a lucrative habit for others. There are leagues and championship competitions for all the top games including Fortnite, NBA 2k, and Madden. Last year, a 16-year-old won $1 million at the Fortnite world series.
Players’ Lounge is a platform that allows players to compete against each other for cash prizes very similar to FanDuel in the fantasy sports world. They have over 10,000 users and made payouts over $25 million to gamers in 2019.
Austin Woolridge is the co-founder and CEO of Players Lounge. In episode 85, he spoke with us and gave us Players Lounge’s journey, we also covered the world of gaming and e-sports, and he gave us an unprecedented look behind the scenes for companies looking to gain venture capital. He explained the process that Players Lounge went through, and told us about programs that entrepreneurs can apply to, to tap into the elite world of tech VC's and the most successful tech startups. #gaming #startup
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