The Value of League of Legends

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Is it a good idea for the game? I think the game. David took it to enterprise value of esports organizations, which I'm less like... That's less interesting because it's an obvious failure. It's basically like you're getting 30 million people to watch League of Legends streams during the worlds and those people are going to go play more League of Legends and buy skins and whatever. When the Chinese team won worlds, the riot guys were like throwing confetti because when the Chinese win, it's like a $150 million revenue opportunity in terms of increased, unexpected sales of skins.

We sit down Benchmark’s legendary gaming investors Mitch Lasky and Blake Robbins (now also of the excellent Gamecraft podcast fame) to discuss the history and future of gaming business models. This episode is the perfect bookend to our Nintendo/Sega gaming series this season on Acquired — no one is more qualified than Mitch and Blake to breakdown how the business side of the industry has evolved so radically from the Periscope quarter-drop days to the forever games and platform based publishers of today.

Regardless if you’re a gamer, understanding the incredible innovation that’s taken place over the past two decades in gaming and what it portends for other industries is critical for any founder and investor to understand. Tune in!

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Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.