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(Boston Magazine)   Inside look at how Curt Schilling tried and failed to get "Bill Gates rich" by creating the best video game company of all time. Ball Four, Game Over   (bostonmagazine.com) divider line 85
    More: Fail, Curt Schilling, Bill Gates, Bill Gates rich, Lincoln Chafee, profit shared, floaters, Todd McFarlane, heavy bag  
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4264 clicks; posted to Business » on 27 Aug 2012 at 11:04 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-27 08:18:15 AM  
The games almost never ends on a walk, subby.
 
2012-08-27 08:22:24 AM  
his video-game developers worked too slowly

They do things on computers so obviously they make things instantaneously.
 
2012-08-27 08:33:14 AM  
I love how a dude with the intellectual abilities of pocket lint gets credit for being some sort of 'smart' athlete.
 
2012-08-27 08:33:25 AM  
I feel like I've read this same story half-a-dozen times over the years. Ion Storm?
 
2012-08-27 09:13:36 AM  
Nuke the site from orbit?
 
2012-08-27 09:18:40 AM  
Isn't Bill gates already rich?
/DNRTFA
 
2012-08-27 09:18:45 AM  

generalDisdain: I love how a dude with the intellectual abilities of pocket lint gets credit for being some sort of 'smart' athlete.


I think you are misunderestimating him

www.sportsblink.com
 
2012-08-27 09:40:19 AM  

Confabulat: Ion Storm?


The only person I blame for Ion Storm is John Romero.
 
2012-08-27 09:44:51 AM  

RexTalionis: Confabulat: Ion Storm?

The only person I blame for Ion Storm is John Romero.


Still reads like the same story though. Ridiculous arrogance, no experience running a business, spending tons of money on insane perks for the staff, etc. With Ion Storm there was the story where Romero insisted on a penthouse office suite with lots of rooftop windows with an amazing view. Problem is, the people that worked there were game programmers so they all ended up covering their cubicles in blankets to be able to see their screens over the sun's glare.

Just amazing hubris and stupidity. It seems to attract gamers for some reason.
 
2012-08-27 09:49:53 AM  
Since he's a Republican, when's his federal bailout and when will he be running for office campaigning against everyone (but him) that gets a federal bailout?
 
2012-08-27 09:50:57 AM  

Confabulat: RexTalionis: Confabulat: Ion Storm?

The only person I blame for Ion Storm is John Romero.

Still reads like the same story though. Ridiculous arrogance, no experience running a business, spending tons of money on insane perks for the staff, etc. With Ion Storm there was the story where Romero insisted on a penthouse office suite with lots of rooftop windows with an amazing view. Problem is, the people that worked there were game programmers so they all ended up covering their cubicles in blankets to be able to see their screens over the sun's glare.

Just amazing hubris and stupidity. It seems to attract gamers for some reason.


Or ex-jocks. Come on, he can throw a ball with an open wound in his ankle on national TV, he can certainly run a business. He's a winner, its proven.
 
2012-08-27 09:51:13 AM  
Maybe Bill Gates in 1970 rich.
 
2012-08-27 11:16:31 AM  
FTFA

"I had to beat the Yankees three times in nine days," he tells me, referring to when he led Arizona to the 2001 World Series title. "I never doubted I was going to do it. My whole life was spent doing things that people didn't believe were possible, because God blessed me with the ability to throw a baseball. And I carried that same mentality into everything I did here."

Well, there ya go. The guy actually thought throwing a baseball meant he could do anything.
 
2012-08-27 11:18:56 AM  

Because People in power are Stupid: generalDisdain: I love how a dude with the intellectual abilities of pocket lint gets credit for being some sort of 'smart' athlete.

I think you are misunderestimating him

[www.sportsblink.com image 600x480]


Indeed. Apologies to the pocket lint for insulting them.
 
2012-08-27 11:21:07 AM  

Babwa Wawa: The games almost never ends on a walk, subby.


Though when it does, it's a pretty epic failure by the visiting pitcher.

/I recall a certain Subway Series. Bottom of the 9th, 2 outs, bases loaded, K-Rod on the mound, A-Rod pops up to second baseman Luis Castillo...
 
2012-08-27 11:26:41 AM  

Generation_D: Or ex-jocks. Come on, he can throw a ball with an open wound in his ankle on national TV, he can certainly run a business. He's a winner, its proven.


Yeah, open wound courtesy of the tooth fairy. That's a bigger load of bullsh*t legend than Ruth calling his shot. 
I saw blood, but making it seem like he had a spurting compound fracture is dishonest at the very least.
 
2012-08-27 11:27:03 AM  
Games are fun, so they must be easy to make, right? MMOs are more fun, so they must be even easier.

/ignore the part about them being some of the most complicated software to architect.
 
2012-08-27 11:30:25 AM  

GRCooper: Games are fun, so they must be easy to make, right? MMOs are more fun, so they must be even easier.

/ignore the part about them being some of the most complicated software to architect.


GRCooper: Games are fun, so they must be easy to make, right? MMOs are more fun, so they must be even easier.

/ignore the part about them being some of the most complicated software to architect.


But you don't understand, he was an AVID GAMER and a total baller, why wouldn't you trust him with millions of taxpayer dollars? AVID GAMER and total BALLER
 
2012-08-27 11:30:48 AM  

Rent Party: FTFA

"I had to beat the Yankees three times in nine days," he tells me, referring to when he led Arizona to the 2001 World Series title. "I never doubted I was going to do it. My whole life was spent doing things that people didn't believe were possible, because God blessed me with the ability to throw a baseball. And I carried that same mentality into everything I did here."

Well, there ya go. The guy actually thought throwing a baseball meant he could do anything.


Dude. You had one win. I mean, you pitched lights out. But it was Randy Johnson that beat the Yankees three times.

/yes, wins are a dumb stat.
//yes, Schilling's dumber.
 
2012-08-27 11:39:44 AM  
I like that he was calling the governor of DE an idiot the other day. And not the one that approved the loan.
 
2012-08-27 11:44:05 AM  

Rent Party: FTFA

"I had to beat the Yankees three times in nine days," he tells me, referring to when he led Arizona to the 2001 World Series title. "I never doubted I was going to do it. My whole life was spent doing things that people didn't believe were possible, because God blessed me with the ability to throw a baseball. And I carried that same mentality into everything I did here."

Well, there ya go. The guy actually thought throwing a baseball meant he could do anything.


I worked at a place when they hired a new president. The email announcement went in to great detail about this guy's exploits on the field as a college football player, and his business chops were a footnote. I'm almost convinced his interviews were just watching his clips on youtube.

He presided over a year of complete failure, to the point that they just moved whatever could be salvaged to a facility on the other side of the country. For this he collected a bonus and moved on.
 
2012-08-27 11:49:50 AM  
FTFA: So instead of luring early prospective hires with stock options, he promised to share all profits 50-50 with them. Upon arriving as CEO, Close recognized that "investors' heads would explode" when they saw the model, since they'd be bearing all the risk but reaping only half the reward.

Just gotta say, it's indicative of just how farking broken our capitalist culture is when bullshiat like this is trotted out, as if the investors were the only ones who did any work or sacrifice to get the project going. At the end of the day, it's the workers who have put more labor, time, and value into the project, as opposed to the investor who just adds money. And the worker has the most to lose should the company go under, losing their livelihood and benefits, as opposed to the investor who is just out his money.
There's a lot to be angry with in this article, but that little shiatnugget stuck out.
 
2012-08-27 11:53:36 AM  

Confabulat: RexTalionis: Confabulat: Ion Storm?

The only person I blame for Ion Storm is John Romero.

Still reads like the same story though. Ridiculous arrogance, no experience running a business, spending tons of money on insane perks for the staff, etc. With Ion Storm there was the story where Romero insisted on a penthouse office suite with lots of rooftop windows with an amazing view. Problem is, the people that worked there were game programmers so they all ended up covering their cubicles in blankets to be able to see their screens over the sun's glare.

Just amazing hubris and stupidity. It seems to attract gamers for some reason.


Nothing approaches the Duke Nukem Forever team getting addicted to Everquest.
 
2012-08-27 12:03:21 PM  
A few years ago a gamer friend of mine played WoW against Schilling a few times. My friend said Schilling didn't have a screen name that identified him directly--apparently that's a no-no--but his familiar was a cat named Papelbon so people knew it was him.

I don't feel bad for Schilling. I do feel bad for the employees, though when something seems too good to be true it usually is.
 
2012-08-27 12:06:08 PM  

Sergeant Grumbles: FTFA: So instead of luring early prospective hires with stock options, he promised to share all profits 50-50 with them. Upon arriving as CEO, Close recognized that "investors' heads would explode" when they saw the model, since they'd be bearing all the risk but reaping only half the reward.

Just gotta say, it's indicative of just how farking broken our capitalist culture is when bullshiat like this is trotted out, as if the investors were the only ones who did any work or sacrifice to get the project going. At the end of the day, it's the workers who have put more labor, time, and value into the project, as opposed to the investor who just adds money. And the worker has the most to lose should the company go under, losing their livelihood and benefits, as opposed to the investor who is just out his money.
There's a lot to be angry with in this article, but that little shiatnugget stuck out.


The only people that deserve money are the ones that have money.
 
2012-08-27 12:31:24 PM  

HotWingConspiracy: I like that he was calling the governor of DE an idiot the other day. And not the one that approved the loan.


It was a "dunce of epic proportions" and it was Rhode Island, and not DE.

But you already knew that.

2/10.
 
2012-08-27 12:34:14 PM  
Yeah, I took a substantial pay cut ($40k per year) to go to work at a brand new startup I believed in.

It failed 2 years later and when the CEO and I were tallying up the total cost, he figured it cost him $750k (he funded it). When I mentioned my investment of $80k potential income, he looked at me like I'd just grown another head.

It's like if you're not writing checks, you're not investing in the company.
 
2012-08-27 12:35:41 PM  

Rent Party: FTFA

"I had to beat the Yankees three times in nine days," he tells me, referring to when he led Arizona to the 2001 World Series title. "I never doubted I was going to do it. My whole life was spent doing things that people didn't believe were possible, because God blessed me with the ability to throw a baseball. And I carried that same mentality into everything I did here."

Well, there ya go. The guy actually thought throwing a baseball meant he could do anything.


This. It's funny to me that usually when people say "God blessed him with the ability to (throw|catch|shoot) a (foot|base|basket)ball" we're being facetious. Not Curt Schilling, though. He really thinks that means something.

+++ath0 carrier irony lost
 
2012-08-27 12:43:26 PM  
Weren't most of the games his company put out distributed by Matrix Games, the company that puts out digital versions of Avalon Hill games from the 80s?
 
2012-08-27 12:44:52 PM  
dunning_kruger.txt
 
2012-08-27 12:49:48 PM  
"When his favorite game was sold along with Avalon Hill to Hasbro, Schilling joined the small gaming company Multi-Man Publishing which maintained ASL and other Avalon Hill titles. MMP also started a new, professional publication entitled ASL Journal and contributed articles, editorials, and game scenarios.[55]"

I knew he was wrapped up in ASL somehow. I thought his company was the one that did the ripoffs of it.
 
2012-08-27 12:51:48 PM  

generalDisdain: I love how a dude with the intellectual abilities of pocket lint gets credit for being some sort of 'smart' athlete.


I read recently about a psychological phenomenon where the more incompetent a person is, the less likely they are to realize that they are incompetent to do a particular task.

This story seems like a perfect illustration of the phenomenon. Curt Schilling was a gifted athlete, so in his mind it therefore followed that he was also a genius business man and software company CEO, because he had absolutely no idea what doing those jobs actually entailed.
 
2012-08-27 12:57:32 PM  

VoodooTaco: HotWingConspiracy: I like that he was calling the governor of DE an idiot the other day. And not the one that approved the loan.

It was a "dunce of epic proportions" and it was Rhode Island, and not DE.

But you already knew that.

2/10.


It's all not New York.
 
2012-08-27 12:58:41 PM  

Magorn: I read recently about a psychological phenomenon where the more incompetent a person is, the less likely they are to realize that they are incompetent to do a particular task.


The Dunning-Kruger Effect
 
2012-08-27 01:21:24 PM  

Sergeant Grumbles: FTFA: So instead of luring early prospective hires with stock options, he promised to share all profits 50-50 with them. Upon arriving as CEO, Close recognized that "investors' heads would explode" when they saw the model, since they'd be bearing all the risk but reaping only half the reward.

Just gotta say, it's indicative of just how farking broken our capitalist culture is when bullshiat like this is trotted out, as if the investors were the only ones who did any work or sacrifice to get the project going. At the end of the day, it's the workers who have put more labor, time, and value into the project, as opposed to the investor who just adds money. And the worker has the most to lose should the company go under, losing their livelihood and benefits, as opposed to the investor who is just out his money.
There's a lot to be angry with in this article, but that little shiatnugget stuck out.



That's cool that you have this idea. I, who will be investing my money, will just go invest somewhere else. Since there is a liquid capital market it won't be hard for me to find something with less risk and a similar return.
 
2012-08-27 01:27:42 PM  
God you guys are harsh. This guy is a retired baseball player. He risked all of his money on a dream and failed horribly. He will have no way of earning that kind of fortune ever again. His fate is to sign autographs at the opening of car dealerships for the rest of his life.

He doesn't need you farks calling him stupid on the internet too.
 
2012-08-27 01:41:28 PM  
Something about games makes people who play them think that they can make them. Keeps the industry awash in cheap yet incompetent labor.
 
2012-08-27 01:43:14 PM  

Magnanimous_J: God you guys are harsh. This guy is a retired baseball player. He risked all of his money on a dream and failed horribly. He will have no way of earning that kind of fortune ever again. His fate is to sign autographs at the opening of car dealerships for the rest of his life.

He doesn't need you farks calling him stupid on the internet too.


I do feel bad for him, and this is a classic example of why so many pro ahtletes end up broke despite earning gigantic salaries while playing. It's NOT because they buy stupid shiat, it's very hard to blow, say $100 million buying consumer goods, even luxury ones like cars, and jewelry. it IS however Very easy to drop it on bad investments and stupid business schemes, which happens all too often to players, because they know they have a small earning window and are hoping to invest in something that will leave them set up for life.

Now in Schilling's case there are two things that don't quite Jibe with his "I'm totally broke" statement:
1) He was worth $100 mil before ths started and even by his own estimation he only poured $50 mil into the venture.

2) I have read other accounts that suggest that he paid himself back his $50 mil outlay with some of the guaranteed loan money and that he only actually had about $4 mil as "skin in the game"
 
2012-08-27 01:45:13 PM  

Magnanimous_J: God you guys are harsh. This guy is a retired baseball player. He risked all of his money on a dream and failed horribly. He will have no way of earning that kind of fortune ever again. His fate is to sign autographs at the opening of car dealerships for the rest of his life.

He doesn't need you farks calling him stupid on the internet too.


Oh, come on.

It's not like he simply failed. He did EVERYTHING wrong. He thought he knew how to run a business, and ignored the advice of people that actually DO know how to run a business. He failed because of ego, and stupidity. Fark him. He deserves to lose his fortune.

I won't even mention how taxpayers lost a shiatload of money on this deal.
 
2012-08-27 01:53:49 PM  

Marisyana: A few years ago a gamer friend of mine played WoW against Schilling a few times. My friend said Schilling didn't have a screen name that identified him directly--apparently that's a no-no--but his familiar was a cat named Papelbon so people knew it was him.

I don't feel bad for Schilling. I do feel bad for the employees, though when something seems too good to be true it usually is.


OMG he was a hunter... so much has just been explained.

I will explain the situation in memes:

1) I r teh hardcorez! I r 1337 gamer!
2) My 1337ness knows no bounds! I must haz my own gaming company to all pwn the n00bs!
3) Rhode Island! I can haz moniez?
4) Challenge Accepted!
5) I gave you a game company, but I eated it.
 
2012-08-27 01:59:42 PM  
I have no sympathy for someone who made millions and millions of dollars and chose to take that fortune and roll the dice. He had more than enough money to set up his entire family for life but no, his ego made him yearn for that "bill gates money".
 
2012-08-27 02:04:56 PM  
I guess Jesus is a lousy VC
 
2012-08-27 02:18:44 PM  

Magorn: generalDisdain: I love how a dude with the intellectual abilities of pocket lint gets credit for being some sort of 'smart' athlete.

I read recently about a psychological phenomenon where the more incompetent a person is, the less likely they are to realize that they are incompetent to do a particular task.

This story seems like a perfect illustration of the phenomenon. Curt Schilling was a gifted athlete, so in his mind it therefore followed that he was also a genius business man and software company CEO, because he had absolutely no idea what doing those jobs actually entailed.


He also demonstrates a lateral move of the Peter Principle, moving from a level of competence in sports to a level of incompetence in business and software development.
 
2012-08-27 02:25:40 PM  
What I think is fascinating is that people who are very, very good at sports often times think they can be very, very good at other things. Which isn't always wrong, and is understandable.

What I think is interesting is that, in general, we tend to not think that to be very strange. We don't laugh at them. When Curt Schilling says "I think I could run the best video game company ever," a lot of us might actually agree with him.

If Stever Acosta had a press conference tomorrow and said "I'm going to become a World Series MVP Pitcher" we would all start laughing now, and said laughter *might* subside by the end of the actual World Series.
 
2012-08-27 02:53:09 PM  
Whatever, Schilling. You're just another in a long line of examples of why conservative "thinking" is such complete bullshiat. The state is out a ton of money which is going to hurt the citizens thanks to promises of tax cuts to a rich "job creator" who couldn't pay his own employees and let their benefits drop while trying to hide the trouble from them.

Another "job creator" leaves a swath of economic destruction in his wake. Oh, boo hoo. You lost $50 million of your own money. Maybe try mixing your tears and your bootstraps into a delicious soup you inscrutable knob.
 
2012-08-27 02:54:10 PM  
Here's the video trailer of "Kingdoms of Amalur, Reckoning". Link Looks pretty fantasy-y.
 
2012-08-27 03:09:47 PM  
Unavailable for comment:

img28.imageshack.us
 
2012-08-27 03:10:43 PM  

Magnanimous_J: God you guys are harsh. This guy is a retired baseball player. He risked all of his money on a dream and failed horribly. He will have no way of earning that kind of fortune ever again. His fate is to sign autographs at the opening of car dealerships for the rest of his life.

He doesn't need you farks calling him stupid on the internet too.


Yeah...if it was a retired baseball player that risked and lost all of hit money on a dream and failed horribly, I'm sure people could let that go. It was TAXPAYER money to the tune of (article referenced) up to$110 million that he lost ($50 million borrowed). A couple hours of business classes at community college would have done him a TON of good.

Ad aspera per astra.
 
2012-08-27 03:12:36 PM  

Vegan Meat Popsicle: Whatever, Schilling. You're just another in a long line of examples of why conservative "thinking" is such complete bullshiat. The state is out a ton of money which is going to hurt the citizens thanks to promises of tax cuts to a rich "job creator" who couldn't pay his own employees and let their benefits drop while trying to hide the trouble from them.

Another "job creator" leaves a swath of economic destruction in his wake. Oh, boo hoo. You lost $50 million of your own money. Maybe try mixing your tears and your bootstraps into a delicious soup you inscrutable knob.


The government didn't give him "tax cuts", they co-signed his loan. Just like Solyndra.
 
2012-08-27 03:19:31 PM  

YixilTesiphon: The government didn't give him "tax cuts", they co-signed his loan. Just like Solyndra.


Good point. Another excellent example of why giving taxpayer money to "job creators" is complete bullshiat.
 
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