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Riot Games

3 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Nov 13, 2023 by Rick Heitzman · said 9 times in 2 episodes since 2022 · across every show →

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brought up most by Rick Heitzman (8), Chris Dixon (1)

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2023 8 mentions in 1 episode
2022 1 mention in 1 episode

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Everything said about Riot Games, oldest first

Nov 13, 2023
Insight
Heitzmann: Extreme venture returns require executing on multiple non-consensus theses simultaneously
“If you're doing multiple non-consensus things and you're able to execute, that's how you create the Grand Slam home runs, the Shopify's, the Pinterest's, the Riot Games of the world.”
Rick Heitzman Nov 13, 2023 ▶ 31:33 Rick Heitzmann – New York Venture Investing at FirstMark Capital (EP.350)
Nov 13, 2023 positive
Assertion Partly supported
Riot Games brought League of Legends to market with just $6.7M
“Riot brought League of Legends, which again is a multi-billion dollar per year franchise today, to market with 6.7 million dollars of capital.”
Rick Heitzman Nov 13, 2023 ▶ 53:11 Rick Heitzmann – New York Venture Investing at FirstMark Capital (EP.350)
Nov 13, 2023 bullish
Disclosure
FirstMark backed Riot Games on a non-consensus games-as-a-service thesis
“So all three of those things were non-consensus and why we decided to do the first round of Riot Games.”
Rick Heitzman Nov 13, 2023 ▶ 30:33 Rick Heitzmann – New York Venture Investing at FirstMark Capital (EP.350)
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