Everything Chatri Sityodtong said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Corporate workers have no clue how hard Wall Street actually works
“Genuinely, the average IQ and EQ on Wall Street, and the general hunger and ambition and drive, all that, man, is literally top one percent. You go into the real world, into industry, into corporate, man, it's like night and day. So I was used to Wall Street c…”
Sityodtong: Asian culture treats failed entrepreneurs as social pariahs
“Americans really love the underdog, the comeback story, the Rocky Balboa story. The American dream, you know, I think even Silicon Valley can fail a number of times and still be, end up being very wildly successful, you know, as an entrepreneur. In Asia, it's …”
Sityodtong: Cricket will never achieve pan-Asian appeal outside India
“Cricket won't cross geographies in Asia because no one really plays cricket in Asia except for India”
Public market investors routinely overestimate their own operational business competence
“When you are an investor, especially a public market investor, you, and I hope I don't offend anybody on Wall Street, you actually think you're smarter than you actually are. Because you're analyzing all the numbers, and you're making these bets, and you're li…”
Martial arts schools were entirely uncommercialized across Asia before Evolve MMA
“No one had ever tried to commercialize martial arts in Asia. That sounds as crazy as it sounds. You know, all the martial arts schools across Asia are very mom and pop and backwards in many ways.”
No billion-dollar pan-Asian sports properties existed before ONE Championship
“You come to Asia at the time, there's literally nothing, nothing on a pan-Asian basis. There, it was IPL, which is a cricket league in India, but cricket won't cross geographies in Asia because no one really plays cricket in Asia except for India, and that was…”
ONE Championship broadcasts in 128 countries to one billion potential viewers
“Which is now Asia's largest sports media property. We're broadcast in 128 countries. It's a six year old startup. And broadcast to a billion potential viewers around the world.”
Live sports owners dominate media because it guarantees concurrent mass viewership
“Content owners are King in this new world of media and live sports. Content owners are the biggest Kings. They're the pinnacle of the entire content chain for any form of content, because that's the only way you get conquered viewers”
Sports media broadcast rights generate essentially 100 percent incremental profit margins
“Let's take the seven billion dollars of media rights for NFL. That's all a hundred percent incremental margins that there's no cost of that, right? The ESPN signs a check, CBS or NBC signed a check and that's it. There's no cost to it. So the scalability of th…”
TV broadcast marketing matters far more than in-stadium experience for sports
“What matters more than what's happening in stadium, yes, where there's great stadium experiences, was like driving activities, marketing activities, to drive all the TV rings and the broadcasters.”
Corporate management requires softer leadership skills than running a hedge fund
“I had to learn the finer and softer skills of leadership and management that again, because not all incentives are aligned in industry. Not everybody cares about money. Not everybody wants to be a millionaire. Not everybody has the right drive that everybody h…”
The hedge fund risk-underwriting mentality prevents people from starting in life
“You don't have to know all the answers before you do something. And that, I think that is a tough thing for a hedge fund manager, you know, because as a hedge fund manager, you try to know every single thing, especially the key risks that you need to underwrit…”
Sityodtong turned down an early AOL buyout offer before dot-com crash
“We had actually received a verbal acquisition offer in early stages discussions for a buyout by AOL at the time, which is, you know, AOL at that time was massive, but we ended up turning it down and just focused, you know, we thought we were going to do much b…”
Sityodtong's $100M focus fund at Azara returned 90% in one year
“There was one year in my hedge fund and it was around a five hundred million us at the time. And I had one, you know, focus fund that was basically about a hundred million in capital. I was very focused in funding. I think it's five positions. And then the res…”
ONE Championship raised $100M from Sequoia and Temasek's Heliconia
“One chapter has raised about a hundred million in, in, Capital, institutional capital, from Sequoia Capital, Tomasic Holdings division called Heliconia, which is Tomasic Holdings is the sovereign wealth fund of Singapore.”
Sityodtong predicted ONE Championship would hit one billion views in 2017
“Two and a half years ago, we had 312,000 views a whole year. This year, we're annualizing already six hundred million views two and a half years later, and we're probably going to end the year with a billion views.”
ONE Championship broadcasts up to 2,800 hours annually on Asian television
“Today we're on TV across Asia, literally at the low end, a hundred hours a year at the high end, 2800 hours a year, 2800 hours. That's, you know, several hours a day, every single day of the year.”
Sityodtong lost $1 million on the first ONE Championship event
“Of course I lost a million dollars in that first event.”
Aung La Nsang became Myanmar's first global sports world champion
“This is their first world champion in any sport on the global stage. In any sport.”
Sityodtong: Two-Thirds of Thai Banks Collapsed in 1990s Financial Crisis
“The Asian financial crisis hit in the nineties and literally two thirds of the banks in Thailand went under, and there's no such thing as FDIC insurance in Thailand.”