Equity.Guru consulting journalist Chris Parry shares his impressions of the Cantech Investment Conference and the viability of esports as an investment opportunity. Parry notes that esports garnered considerable attention at the conference but warns investors to avoid making the same mistakes many experienced during the cryptocurrency boom. Parry believes there is money to be made in the esports world but doesn’t think esports teams or competitions will generate much profit for investors. He sees owning games as profitable but highlights the significance of esports infrastructure as an investment opportunity. Parry anticipates companies that host esports games will prove lucrative as will companies that build the data storage infrastructure for gaming as it grows in size.
Transcript:
James West: Is the Chief Editor, Proprietor and…
James West: Publisher, chief cook and bottle-washer of all things Equity.Guru, Chris, welcome back.
Chris Parry: How’s it going?
James West: [laughter] It’s going fantastically. We have been observing from across the country, like from our various positions across the country, the unfolding of the cannabis market. You and I have both been in some deals together, we have been on opposite sites of the opinion ladder on a couple of things.
Chris Parry: Oh boy, have we!
James West: Couple of things…yet we remain friends. Why is that?
Chris Parry: Because you went the pack of Lewis kind of loose hit, and I appreciate that about you.
James West: [laughter] I see. Well, I’m going to have to send you my tailor, then, aren’t I? No, so you were down at the Cantech conference –
Chris Parry: It’s okay to disagree with each other, because opinions are based on due diligence, and that doesn’t have to black or white.
James West: Well yours aren’t; mine are just based on who’s paying me. No just kidding me (laughter) That’s a joke I’ve been wanting to make for years. Um, you just came from the Cantech conference; what did you see down there that you liked?
Chris Parry: I mean…the buzzword is esports. Everyone is looking for where they can put their money in esports, and I guess the title of my keener was don’t make the same mistake you made in Blockchain in export, you rubes.
James West: You rubes. In case anyone was wondering who that refers to, that’s you!
Chris Parry: Well, let’s just not be effing idiots about things, right, like we were last year? Look at the cannabis industry had this moment in 2014 where everyone was high on cannabis, no pun intended, but didn’t really know what they were going to do with it all, and eventually there was an industry. Blockchain, same thing, eventually ther