ESPN for e-sports. Wants to compete again Twitch, Discord, DraftKings/ESPN, to become the one stop shop for all fanatic engagement. Pre-revenue, but has a strong team of founders and investors including founders of Blizzard, lead investor from Twitch’s Series A. Has only raised half a year of runway to date.
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The 6 Calacanis Characteristics (91 161 18)
|1. A startup that is based in SV||Yes: San Francisco, CA|
|2. Has at least 2 founders||Yes|
|3. Has product in the market||Yes: “Since launching 1 year ago our active user base has grown by 74.74% MoM on average to over 50,000 MAU with extremely limited marketing spend, and our registered users spend nearly 90 minutes on Juked when they come to the site.”|
|4. 6 months of continuous user growth or 6 months of revenue.||Yes: Pre-revenue, but strong user growth below.|
|5. Notable investors?||Yes: Blizzard co-founder, MyFitnessPal co-founders, 500 Startups, Stewart Alsop (Lead investor in Twitch’s Series A)|
|6. Post-funding, will have 18 months of runway||No: According to comments “3. Based on your current cash, I assume the burn rate is around $50,000/month. Do you anticipate it changing significantly.”, only raised $326k so far, so half a year of burn.|
The 7 Thiel Questions (ETMPDDS)
- The Engineering question:
- Ambiguous: I’m not a consumer of e-sports, so will tap network to see how they like this site.
- The Timing question:
- Good: E-sports definitely growing.
- The monopoly question
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