Agree GR,we both believe tls ventures is a clearly well run venture capital co. The reason skillz stands out for me is its potential for tls's network global and domestic and for tls to develop esports in Australia. First before i get excited like i did energy,penn never mentioned energy only his 4 energy managers as per previous posts.Mullins went on to say tls is not getting into retail energy.
But with esports penn has mentioned esports,his photo holding a dated esports control unit,tls backing the tls chiefs,another tls manager heading some se asia esports meetings.Maybe once tls gets its 26ghz allocation it may trigger a response to esports development.Both optus and telstra are starting to mumble about gaming.
So we come to tls's investment in the skillz esports platform.I'm not so interested in how much tls has invested in skillz,i'm more interested in the benefits for tls as above ie in series B raising stillz was backed by large sports co's. Series C a $25m raising in dec 2017 ie Cision news 'liberty global and telstra lead $25m investment in skillz to build future esports'. $25m may not sound much but that was back in 2017 and i have no idea of revenue in 2017.But in 2019 skillz revenue grew from $100m to $400m.The IPO is expected to raise $849m in approx sept 2021. A comment by skillz back in 2017 'we have partnered with the worlds leading media companies telstra and liberty'. So i'm looking more as tls venture capital investment in skillz as strategic more than just a good investment.ie will or has tls got the exclusive rights to roll out the skillz esports platform in australia ?and as per skillz comments will they use tls's global network to service skillz connectivity.? etc etc So we have to wait for tls to get its 26ghz and any comments tls may make on stillz ,not tls ventures but tls esports. This platform is also a financial platform so the potential imo is obvious for tls. hmm so its all about the skillz platform for me,not the actual tls venture investment. lol what will penn do.?
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