Schill's video company in trouble

[a700hitter]

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

Why is Schilling running for office?

[BornToRun]

Yeah' date=' it's too bad there are so many lib's out here...[/quote']

 

Your boyfriend is a lib, va. A quite vocal one at that.

[ibot2much]

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.

 

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

 

EWWW...the king has spoken.

 

Never mentoned anything political to do with the Schill.....just his integrity. Yep, the guy can throw a baseball....let him live as a god....and I will continue to enjoy mocking pomposity.....everywhere I see it.

[a700hitter]

EWWW...the king has spoken.

 

Never mentoned anything political to do with the Schill.....just his integrity. Yep, the guy can throw a baseball....let him live as a god....and I will continue to enjoy mocking pomposity.....everywhere I see it.

Check the rules. Mocking posters is a no-no, but the rules never apply to jackasses like you.

 

As for concluding that a failed business impugns a persons integrity, well, that stupidity speaks for itself.

[VA Sox Fan]

Your boyfriend is a lib' date=' va. A quite vocal one at that.[/quote']

 

Believe me, I'm quite aware of that fact. I can overlook such flaws ;)

[VA Sox Fan]

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

 

:thumbsup:

[a700hitter]

Yeah' date=' it's too bad there are so many lib's out here...[/quote']You are far too critical of the libs. Look at all the progress they have achieved. Today, we can all proudly discuss our sexuality at the work place, but. . . we can be sued and/or lose our jobs if we tell someone they look nice.

 

BTW: VA, I am sure you look nice today as usual. So sue me.

[ibot2much]

Check the rules. Mocking posters is a no-no, but the rules never apply to jackasses like you.

 

As for concluding that a failed business impugns a persons integrity, well, that stupidity speaks for itself.

 

And not for the king either???

 

As for concluding that a failed business may not impugn a person's integrity ( especially when he messengers a check to cover the debt....and the firms's financial officer had to stop the check because it could not be covered due to insufficient funds) well, that stupidity speaks for itself.

[BornToRun]

Believe me' date=' I'm quite aware of that fact. I can overlook such flaws ;)[/quote']

 

Flaws? Oh you didn't just go there!

[a700hitter]

And not for the king either???

 

As for concluding that a failed business may not impugn a person's integrity ( especially when he messengers a check to cover the debt....and the firms's financial officer had to stop the check because it could not be covered due to insufficient funds) well, that stupidity speaks for itself.

No one said that he wasn't stupid, but I am sure that you exceed him in that category too. You can take the last word. I'm done with jackasses for today.

[ibot2much]

No one said that he wasn't stupid' date=' but I am sure that you exceed him in that category too. You can take the last word. I'm done with jackasses for today.[/quote']

 

Then make sure you don't glance in a mirror;)

[a700hitter]

Then make sure you don't glance in a mirror;)

Bazinga!

[jung]

Entrepreneurs have to believe. They have to believe that their businesses are going to make it and that they are doing something that will be categorically good for investors, customers and employees. So while a software based business may look like throwing caution to the wind once you have put yourself into such an environment, you really cannot blame Schill for trying to do things that give that business the best chance to succeed.

 

I would question the wisdom of the state for dumping so much of the program funds in such a risky venture. It was their job to safeguard the states funds and do the most they could do to generate jobs from the program. While we are all really on the outside looking in I would have to say that the state officials involved did not handle either responsibility the way I would have wanted if I was a RI resident.

 

The impression I have is that Schill has been very involved in the business. Their organizational structure seems to have a few holes and my suspicion is that Schill may be filling those holes as that is not uncommon when a founder is still involved. If that is the case he might have been better served leaving all that to Management professionals so that he could spend all his time being the front man and guiding the "vision" of the company since I think it is his vision. but whatever happens unless he has done something "wrong" (without putting any definition to wrong) you really cannot make this about Schill. Some folks are probably going to look at it differently if the company does fail and takes the states loan guarantees with it.

[a700hitter]

Entrepreneurs have to believe. They have to believe that their businesses are going to make it and that they are doing something that will be categorically good for investors, customers and employees. So while a software based business may look like throwing caution to the wind once you have put yourself into such an environment, you really cannot blame Schill for trying to do things that give that business the best chance to succeed.

 

I would question the wisdom of the state for dumping so much of the program funds in such a risky venture. It was their job to safeguard the states funds and do the most they could do to generate jobs from the program. While we are all really on the outside looking in I would have to say that the state officials involved did not handle either responsibility the way I would have wanted if I was a RI resident.

 

The impression I have is that Schill has been very involved in the business. Their organizational structure seems to have a few holes and my suspicion is that Schill may be filling those holes as that is not uncommon when a founder is still involved. If that is the case he might have been better served leaving all that to Management professionals so that he could spend all his time being the front man and guiding the "vision" of the company since I think it is his vision. but whatever happens unless he has done something "wrong" (without putting any definition to wrong) you really cannot make this about Schill. Some folks are probably going to look at it differently if the company does fail and takes the states loan guarantees with it.

It looks like RI will make every effort to help keep the venture from failing.

[mvp 78]

Since Schill makes everything about himself, he needs to take partial blame for his failures as well.

 

Slice the blame pie any way you want, but he needs to be included.

[mvp 78]

It looks like RI will make every effort to help keep the venture from failing.

 

That's not what Chafee (sp?) said.

 

"Won't throw good money after bad."

[VA Sox Fan]

Flaws? Oh you didn't just go there!

 

I like all kinds of different people, except for Yankee fans!

[a700hitter]

Since Schill makes everything about himself, he needs to take partial blame for his failures as well.

 

Slice the blame pie any way you want, but he needs to be included.

It was his concept and he is the project manager. I watch celebrity apprentice. Trump would be getting ready to fire him.

[VA Sox Fan]

You are far too critical of the libs. Look at all the progress they have achieved. Today, we can all proudly discuss our sexuality at the work place, but. . . we can be sued and/or lose our jobs if we tell someone they look nice.

 

BTW: VA, I am sure you look nice today as usual. So sue me.

 

Why thank you, but I am contacting my attorney right now!

[a700hitter]

That's not what Chafee (sp?) said.

 

"Won't throw good money after bad."

From today's article in the Boston Globe:

 

Governor Lincoln Chafee, an independent, criticized the deal with 38 Studios as a candidate in 2010. He has been cool to Schilling’s request for more public assistance, though Chafee has said it is in the state’s interest to find a way to save the company.

http://www.boston.com/business/technology/articles/2012/05/18/high_risk_video_game_venture_has_rhode_island_curt_schilling_reeling/?page=1

 

This from a Businessweek article:

 

Chafee, an independent, has vowed to do "everything possible" to assist the company, named after Schilling's number as a player, and prevent the state from having to pay the company's debts.

 

"The most important thing, going forward, is the viability of the company," said Chafee Tuesday. "We're looking at everything."

http://www.businessweek.com/ap/2012-05/D9UPUCH82.htm

[a700hitter]

It looks like the State of Rhode Island can't get enough of Curt Schilling's underhanded business practices:

 

R.I. cashes Schilling check, offers more money aid

By Gary J. Remal

Friday, May 18, 2012 - Updated 16 minutes ago

 

Curt Schilling’s check has cleared.

 

Rhode Island Gov. Lincoln Chafee said today in Providence that a $1.1 million check from the retired Red Sox [team stats] ace’s video game company was received by the state and cashed.

 

Chafee also announced plans to make millions in film tax credits available to help shore up the cash-strapped 38 Studios.

 

Schilling’s company has applied for a total of $14.5 million in film tax credits for two fiscal years, according to WPRI.com.

 

The company first delivered a check yesterday that had insufficient funds to cover a loan payment that was due May 1.

 

Meanwhile, Schilling defended his actions in his first public statements, on Facebook, denying allegations he repaid himself with state loan money while stiffing his employees their paychecks this week.

 

After Schilling posted a Facebook message thanking those who supported him, a supporter came up with his own version of “Say it ain’t so, Joe.” Kevin Valey asked Schilling to restore public faith in the former BoSox hero.

 

“Curt,” Valey wrote, “What bothers me is that while you have said you put millions into starting 38 Studios, the Providence media is reporting that you repaid yourself with the state money. Prove me wrong — Please cover the payroll of the people who believed in you.”

 

Schilling responded to Valey by simply saying: “That is not true.”

 

Schilling took to Facebook this morning to write: “To all the prayers and well wishes to the team and families at 38, God Bless and thank you! We will find a way, and the strength, to endure.”

 

Officials at 38 Studios have not responded to calls or emails since the controversy erupted over the company’s initial failure to make a $1.1 million payment on its $75 million Rhode Island Economic Development Corp. loan, of which the company owes nearly $50 million.

[mvp 78]

All 38 Studios employees were laid off today.

 

f*** Schill.

[Gringo]

This should be in the off-topic forum, it has nothing to do with the Red Sox.

[ibot2much]

It looks like the State of Rhode Island can't get enough of Curt Schilling's underhanded business practices:

 

Apparenlty they did get enough of him since they never gave him anymore money even though he asked for it. They did grant him the tax credits that he was legally entitled to, but again he asked for many more and they did not grant him those either.

 

The governor is speaking right now and he said that neither he nor any committee members got the impression that the company would obtain profitablity.

[Palodios]

WEEI mentioned today that it would take 3 million copies sold for the company to break even. If that's true, then this was doomed to the start. Games simply don't sell that many copies. Bad business decisions all the way around.

[jung]

What is most staggering is that they could not even launch the thing. Man....talk about a bunch of bad decisions......wow!

[a700hitter]

All 38 Studios employees were laid off today.

 

f*** Schill.

I'm sure that he would rather have had the business be profitable.

[Station 13]

WEEI mentioned today that it would take 3 million copies sold for the company to break even. If that's true' date=' then this was doomed to the start. Games simply don't sell that many copies. Bad business decisions all the way around.[/quote']

 

Bad business to hire what, 500 employees within first year of business.

[mvp 78]

I'm sure that he would rather have had the business be profitable.

 

If he really gave a s*** he would have kept his investment in 38 Studios rather than repaying himself $4M out of the state loan. He has enough wealth to keep the thing going until Copernicus came out in a year if that's what he really wanted to do. At the end of the day, he just said screw it and s*** canned everyone.

 

The video game industry takes a lot of capital and is super competitive. I think he really underestimated the challenge. In hindsight, he should have started out much smaller and not taken a huge loan that had enormous staff hiring quotas.

[ibot2much]

I'm sure that he would rather have had the business be profitable.

 

Ya think?

 

It must be killing him ....media people asking questions that he can't or doesn't want to answer. Not being able to step out onto a stage to make his presence/ point of view known. Hiding behind little comments on Facebook. That is all so unCurtlike.