'We sold our home to build a social network'

Re:'We sold our home to build a social network' by nabaraz on Wednesday May 03, 2017 @06:05AM (#14254332)

Not to denounce their work but the website and app looks pretty terrible. I would imagine they would have enough funds to hire good developers after selling their house and cars. The article also talks about a funding from a Russian investor.

I was really interested in knowing how and where did they actually spend money. I dug further:

- They have 100-500 installs on app store.

- A good amount of their twitter followers are spam with most of their tweets with keywords such as giveaways and contest.[2]

- Their play by play commentary is coming from performgroup.com. I would think this would be their highest cost.

- Their site is hosted on aws.

[1] - https://play.google.com/store/apps/details?id=com.app.gameda...

[2] - https://twitter.com/GamedayXtra/followers?lang=en

What could be the significant cost here?

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Re:'We sold our home to build a social network' by MarkCole on Wednesday May 03, 2017 @06:56AM (#14254578)

I imagine the major costs are their living expenses. They've sold their house and cars, but still need somewhere to live, they'll still need to travel and of course eat.

Additional costs could be through marketing, not sure if they're doing paid ads? Or simply the costs of travelling to events and investors to pitch it?

Despite being based in Manchester they seem to have registered their company ('GameDay Xtra Ltd') in Gibraltar. I assume as some sort of Tax Dodge? Or do they incur some other benefit by having an Ltd in Gibraltar vs in the UK?

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Re:'We sold our home to build a social network' by joaodlf on Wednesday May 03, 2017 @07:01AM (#14254609)

Registering your company in Gibraltar is a common practice when it comes to gambling site companies in the UK. They could eventually try to dip into that market.

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Re:'We sold our home to build a social network' by crojach on Wednesday May 03, 2017 @07:27AM (#14254757)

From the BBC article:

  Members get live news feeds of sporting events, form their own groups and networks, follow games play-by-play, and in future will also be able to play bespoke interactive games themselves within the site.

This seems to me like they might have their eyes on fantasy leagues.

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Re:'We sold our home to build a social network' by MarkCole on Wednesday May 03, 2017 @07:03AM (#14254621)

Ok that actually makes sense, owning a sports social network it seems a logical step to go from there to allowing people to bet on the sports.

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Re:'We sold our home to build a social network' by mirekrusin on Wednesday May 03, 2017 @08:21AM (#14255046)

If they go for online-sport-betting site, at least they are consistent in the sense that they just put their whole family life on a single bet.

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