Schill's video company in trouble

[ibot2much]

Schill got over $70 mil from the state of RI last year to move his company to that state from MA. I guess he did have one game introduced......but..... he was unable to make a payment to the state this month. After a meeting yesterday In RI ( in which Schill had nothing to say to the press---surprise there) there was an agreement to hand deliver a check today.

Breaking new just now on a Providencer station, the financial officer called and told the state there was insufficent funds to cover the check....and that they could not meet their payroll this week.

 

Remember that 7 or 8 mil Schill took from the RS and he never pitched once. That was one of Theo's blunders as the insurance company wouldn't cover Schill...so the RS ate that money. Looks like the RI taxpayers are going to eat an even bigger one from Schill.

[a700hitter]

Schill got over $70 mil from the state of RI last year to move his company to that state from MA. I guess he did have one game introduced......but..... he was unable to make a payment to the state this month. After a meeting yesterday In RI ( in which Schill had nothing to say to the press---surprise there) there was an agreement to hand deliver a check today.

Breaking new just now on a Providencer station, the financial officer called and told the state there was insufficent funds to cover the check....and that they could not meet their payroll this week.

 

Remember that 7 or 8 mil Schill took from the RS and he never pitched once. That was one of Theo's blunders as the insurance company wouldn't cover Schill...so the RS ate that money. Looks like the RI taxpayers are going to eat an even bigger one from Schill.

Schill earned the Red Sox money-- two championships in 4 years. He was worth every penny. We've won nothing since he left and we can't even make the playoffs in recent years.

 

As for Rhode Island, f*** them and their stupid politicians. They made a very high risk business deal and it flopped. It happens. It's not like Schilling pocketed the money. He lost a good deal of his own money.

[ibot2much]

Yea, he's a fine man of great integrity....and f*** the 400+ plus people who aren't getting a paycheck this week. Maybe they would like a picture of Curt in his RS uniform in place of a few Benjamins for rent or mortgage....or maybe a shot of the Bloody Sock.....that would buy the kid some food

[a700hitter]

Yea' date=' he's a fine man of great integrity....and f*** the 400+ plus people who aren't getting a paycheck this week. Maybe they would like a picture of Curt in his RS uniform in place of a few Benjamins for rent or mortgage....or maybe a shot of the Bloody Sock.....that would buy the kid some food[/quote']The jobs didn't exist before Curt's enterprise. He created the jobs. It's not like he came into this venture and fired 400 people. He created 400 jobs. The venture failed. They lost the jobs that they didn't have before the venture. They are back where they started. Schill is out several million dollars.

[ibot2much]

My god, you know so much....did people leave existing jobs because they got sucked in by the fact that he "won two championships in 4 years" cuz you know, some people are really impressed by that kind of stuff and totally judge people just on that....well f*** them for being stupid.

 

I have no idea how much, if any, Schill put in of his own money. A lot of them don't use their own cash because people are so impressed with, you know, " two championships in 4 years". You apparently do know since you mentioned twice that the poor guy is out millions.

[a700hitter]

My god, you know so much....did people leave existing jobs because they got sucked in by the fact that he "won two championships in 4 years" cuz you know, some people are really impressed by that kind of stuff and totally judge people just on that....well f*** them for being stupid.

 

I have no idea how much, if any, Schill put in of his own money. A lot of them don't use their own cash because people are so impressed with, you know, " two championships in 4 years". You apparently do know since you mentioned twice that the poor guy is out millions.

Yes, it's been reported that he invest a substantial portion of his own funds.

 

Oh, and f*** of with your attitude.

[SoxFanForsyth]

Yes, it's been reported that he invest a substantial portion of his own funds.

 

Oh, and f*** of with your attitude.

 

It was originally reported that he put somewhere between $35-39mm of his own money into the company.

 

But then an audit showed that he only put in $4mm of his own money and was promptly repaid by monies received from the State of Rhode Island from their economic development fund.

[a700hitter]

It was originally reported that he put somewhere between $35-39mm of his own money into the company.

 

But then an audit showed that he only put in $4mm of his own money and was promptly repaid by monies received from the State of Rhode Island from their economic development fund.

It wasn't a phony deal or anything. Without the loan, he had his own money at risk.

[mvp 78]

It was originally reported that he put somewhere between $35-39mm of his own money into the company.

 

But then an audit showed that he only put in $4mm of his own money and was promptly repaid by monies received from the State of Rhode Island from their economic development fund.

 

Bazinga.

[SoxSport]

Whoever thought Curt would become a super-capitalist. He made a ton of money pitching--now he wants to make more. Imagine, getting a $70 mil "socialist" handout from the taxpayers in RI. LOL

[a700hitter]

Whoever thought Curt would become a super-capitalist. He made a ton of money pitching--now he wants to make more. Imagine' date=' getting a $70 mil "socialist" handout from the taxpayers in RI. LOL[/quote']He should be given Rhode Island as payment for the two world championships. It's a small state, barely befitting his his accomplishments.

[BornToRun]

He should be given Rhode Island as payment for the two world championships. It's a small state' date=' barely befitting his his accomplishments.[/quote']

 

Or his ego.

[a700hitter]

Or his ego.

As compared to his accomplishments, he is humble.

[jung]

I did wonder about this 38 studios venture. Seemed to me that the world needed another video game company like it needed a hole in the head.

 

From what I understand regardless of this "all star" team Schill brags about having created at 38 Studios, they just can't get the bugs worked out of the first game so they can release it.

 

The software business (which is really at the heart of it what his business is) is very risky. Usually it is one of those lose money on some releases and make it all back on one big monster winner kind of business. Schill's company has all of its eggs in this one basket which is totally weird for that kind of business enterprise.

[Youk Of The Nation]

He should be given Rhode Island as payment for the two world championships. It's a small state' date=' barely befitting his his accomplishments.[/quote']

 

He can have Connecticut. I doubt he could make it worse.

[a700hitter]

He can have Connecticut. I doubt he could make it worse.

[BigPapiEnFuego]

Rhode Island should of looked into the games they make. There was already enough game companies putting out typical "Dragons and trolls and swords and medieval s***" games that catered to 400+ pound, sweatpants with cheetos stains wearing, neck-bearded basement dwellers.

[BornToRun]

Rhode Island should of looked into the games they make. There was already enough game companies putting out typical "Dragons and trolls and swords and medieval s***" games that catered to 400+ pound' date=' sweatpants with cheetos stains wearing, neck-bearded basement dwellers.[/quote']

 

Are you talking about gamers or schillings fat ass? Hard to tell.

[jung]

Rhode Island should of looked into the games they make. There was already enough game companies putting out typical "Dragons and trolls and swords and medieval s***" games

 

Well ya' I tend to agree with you here although I am sure there are nuances to these games that only real gamers are into that make one more attractive than another. As I understand it, Schill has always been a very active gamer and I think he figured that he both knew who to hire and knew what to incorporate into his game to make it attractive.

 

Now when I saw a short video demonstration, I did not see anything to get excited about...more knights wielding more swords and slaying more villains and monsters and what not. However in the demo Schill talks about having added this feature and that one and he is talking about stuff that is all chinese to me.

 

I believe as I said earlier they cannot or have not been able to rid the thing of glitches and therefore have not released it. They have I guess missed their release date and/or release dates for this first and so far only game. This is basically a software business and they are very risky, seldom dependent on the release of one product which is basically where 38 Studio is as a company. Development costs are huge as they are for any software enterprise. No surprise that they have burned through a good deal of money.

 

I think it was $75M in loan guarantees that lured Schill's company to RI. The state had allotted $125M in loan guarantees in order to generate new jobs. If there was a mistake made I would think it might have been in allotting such a large percentage of the total the state had committed to the entire program to one highly risky venture. You could have floated a number of fledgling businesses on $75M in loan guarantees and likely would have had just as much chance of generating the same if not more jobs.

 

I really wonder how successful Schill would have been in generating that much in venture capital for a video gaming business as I would think the private sector would be pretty skeptical. It just so happens that Schill is a video game fanatic but a celebrity baseball player that happens to be a video fanatic does not sound like a sound platform for a start up business in a cut throat highly risky environment. It sounds like a big so what.

 

If they can get the damned thing released it will likely sell some number of copies just on curiosity alone. Hopefully that would yield enough revenue to take a next step cause I would find it hard to believe that it would generate enough enthusiasm to float the business. That is in part the problem. They would have to have a winner in their very first offering and then in all likelihood have to follow that with another winner pretty quickly. The lesson for Schill in all likelihood is that super star software developers are no guarantee that there will not be time and money consuming bumps in the development road. He may also be learning why some of the "features" that he is trying to incorporate into his game are features not found in the existing sword and sorcery and what not games.

[ibot2much]

Yes, it's been reported that he invest a substantial portion of his own funds.

 

Oh, and f*** of with your attitude.

 

 

So his own investment is a sham...and what attitude is that? The one that mocks you for your "king" pretense and Schilling worship??

 

He played a game...had some success at it. But f***ing with people's money and the lives of real people in the real world is bad. Like somebody said about the pols in RI ( the ones that you have such a low opinion of) they were blinded by the celebrity of an athlete and didn't look very far below the surface to see if this was something he could actually accomplish. Lots of people do that...and it is too bad because often the player off the field has very little to offer in the real world...not all but many. And to blindly consider them as gods is stupid.

[VA Sox Fan]

So his own investment is a sham...and what attitude is that? The one that mocks you for your "king" pretense and Schilling worship??

 

He played a game...had some success at it. But f***ing with people's money and the lives of real people in the real world is bad. Like somebody said about the pols in RI ( the ones that you have such a low opinion of) they were blinded by the celebrity of an athlete and didn't look very far below the surface to see if this was something he could actually accomplish. Lots of people do that...and it is too bad because often the player off the field has very little to offer in the real world...not all but many. And to blindly consider them as gods is stupid.

 

So Schilling started this venture with the intention of failing and screwing people out of their money?

[ibot2much]

So Schilling started this venture with the intention of failing and screwing people out of their money?

 

If that is the impression you have, then you better limit yourself to posting the lineups....no heavy lifting there

[VA Sox Fan]

If that is the impression you have' date=' then you better limit yourself to posting the lineups....no heavy lifting there[/quote']

 

I think that's the impression that you have.

 

You didn't answer my question. Why don't you relax with your condescending attitude?

[yeszir]

Oh man this place is going to get real fun in the months leading up to the election isn't it.

[mvp 78]

Schill was a great baseball player. However, his ideas about videogaming and politics are amateurish.

 

RI f'd over its people. Schill is incompetant at running a multi-million dollar company. Neither is a surprise to me.

[VA Sox Fan]

Oh man this place is going to get real fun in the months leading up to the election isn't it.

 

Yeah, it's too bad there are so many lib's out here...

[ibot2much]

So Schilling started this venture with the intention of failing and screwing people out of their money?

 

Sorry I thought it was a rhetorical question...one that didn't require an answer.

 

I am pretty sure that he didn't start it with the intention of failing....not with his ego. Does that help now?

[VA Sox Fan]

I wasn't asking for help. Thanks for answering the question because with your quote from below one would think you felt it was his intention to fail, lose some of his own money and screw others out of their money.

 

 

Yea' date=' he's a fine man of great integrity....and f*** the 400+ plus people who aren't getting a paycheck this week. Maybe they would like a picture of Curt in his RS uniform in place of a few Benjamins for rent or mortgage....or maybe a shot of the Bloody Sock.....that would buy the kid some food[/quote']

 

Sorry I thought it was a rhetorical question...one that didn't require an answer.

 

I am pretty sure that he didn't start it with the intention of failing....not with his ego. Does that help now?

 

Yeah, we all know he has a big ego, a lot of professional atheletes do, what else is new?

[a700hitter]

So his own investment is a sham...and what attitude is that? The one that mocks you for your "king" pretense and Schilling worship??

Drop the mocking, jackass.

 

If you haven't realized, this is a Red Sox forum loaded with crazy Red Sox fans. Speaking for myself, my love for the Red Sox is second only to my family and friends. Schilling was a great player for us, and helped get us to the promised land, not once, but twice. For that he will always be an icon to me.

 

As for his, or any other athlete's personal life, I don't give a s***. This was a business flop, not a ponzi scheme or a crime. Businesses started by athletes flop all the time. Not surprisingly, they are not very good at it. When their businesses flop, their investors lose their money. In this case the State of Rhode Island was an investor. Blame the R.I. politicians.

 

If you don't like Schilling for his political philosophy, fine, but this isn't a political forum. As for your admitted mocking attitude, stick it up your ass. :thumbdown

[a700hitter]

Schill was a great baseball player. However, his ideas about videogaming and politics are amateurish.

 

RI f'd over its people. Schill is incompetant at running a multi-million dollar company. Neither is a surprise to me.

Agreed, but the biggest political amateur is currently occupying the White House.