Tofurky 600 Report post Posted February 16, 2018 http://intermatwrestle.com/articles/19697 Quote Share this post Link to post Share on other sites
superbowlhomeboy 235 Report post Posted February 16, 2018 (edited) Wonder what happened. As much as a dislike FloWrestling for their overpromise under-deliver philosophy, he seems like a good guy. Edited February 16, 2018 by superbowlhomeboy Quote Share this post Link to post Share on other sites
russelscout 1,573 Report post Posted February 16, 2018 Not many entrepreneurs are good CEO too. 2 tightwaist and pjm46 reacted to this Quote Share this post Link to post Share on other sites
thefatman 34 Report post Posted February 16, 2018 Not surprised. This is what happens when you get too big, starting taking on too much VC. VC guys want their investments back no matter who is in charge. 1 tightwaist reacted to this Quote Share this post Link to post Share on other sites
NJWC 305 Report post Posted February 16, 2018 Not surprised. This is what happens when you get too big, starting taking on too much VC. VC guys want their investments back no matter who is in charge. Correct, and the VC guys likely had KPI that had to be met, or they get to put in their people. Quote Share this post Link to post Share on other sites
thefatman 34 Report post Posted February 16, 2018 Correct, and the VC guys likely had KPI that had to be met, or they get to put in their people. Looks like the the whole lawsuit with Floslam is their excuse to get Martin out. Either way, sucks for him to build that business up and get thrown out like that. I'm sure he got a nice parting gift$ though. Quote Share this post Link to post Share on other sites
russelscout 1,573 Report post Posted February 16, 2018 I could be way off base here, but I am having a hard time understanding where 25 independent channels is the best business model. Track and wrestling are run extremely well. Some of the others don't seem to get content out very often. I guess it's all about getting those subscribers, but who is subscribing to a poor product? Quote Share this post Link to post Share on other sites
LemonPie 1,368 Report post Posted February 16, 2018 Will they move their headquarters? Quote Share this post Link to post Share on other sites
pamela 1,334 Report post Posted February 16, 2018 So, is his brother taking over the company or what? I don't really understand the lawsuit but kind of want to make some sort of comment about pro wrestling has once again messed things up for real wrestling. @russelscout I agree that Flo has a lot of executional challenges, but think the business model is pretty solid. They seem to be doing some "long tail" type stuff by building a portfolio niche sports & competitive entertainment - big and sustainable in aggregate while hedging some of the risk - plus going around big sports media by going OTT and direct to consumers who are cord-cutting like crazy rn. It looks like nearly all of their sites have fresh content, even Flo Rodeo (Flodeo) which is impressive since I imagine winter is not rodeo season, Flo singing, ballroom dancing, cheerleading and rugby. Some of those sites might sound silly to several of us or more "mainstream sports" fans, but then again I'm sure fans from Flo Marching Band may not understand why Flo Wrestling would ever cover some freestyle tournament in Krasnoyarsk, or like PA high school wrestling. I think Flo's AAU basketball and prep football sites could totally blow up into something big, especially since the level of interest is growing so quickly and the coverage super fragmented. Hopefully the new leadership will keep a strong focus on wrestling and get some of the technical stuff straightened out and maybe invite more user/consumer participation and content. Bader for CEO. 1 Yellow_Medal reacted to this Quote Share this post Link to post Share on other sites
russelscout 1,573 Report post Posted February 16, 2018 I am not really sure. With flo hoops and flo football there is potential for it to blow up, but you are also stepping into a very competitive market here. Is it worth it to take that investors money and widen the range of your coverage? Or take it and make the promissing channels you already have even better to drive subscriptions. Long term the former is probably a better choice and you are right, but looking at Twitter and seeing how some of these channels struggle to get even 2000 followers, I would think they ax several of these 25 channels eventually. Quote Share this post Link to post Share on other sites
cbg 27 Report post Posted February 16, 2018 Just an educated guess that Martin took the money and sold the business. 1 tbert reacted to this Quote Share this post Link to post Share on other sites
scribe 1,666 Report post Posted February 17, 2018 Not many entrepreneurs are good CEO too.i hope the new head specializes in good customer service to help increase revenue from happy customers. 1 mattchristensen112 reacted to this Quote Share this post Link to post Share on other sites
tbert 561 Report post Posted February 17, 2018 he earned the right to fail 1 SC_Wrestling reacted to this Quote Share this post Link to post Share on other sites
jstock 125 Report post Posted February 17, 2018 White Collar Willie will now become CEO Willie Quote Share this post Link to post Share on other sites
Angry_Fish 313 Report post Posted February 17, 2018 He always planned to get out, but not this way. Best thing that can happen here is for them to bring a CEO with a customer focus. Clean up the business. Get it operating professionally and then sell out to one of the major players who knows how to run a streaming company properly. This company was never going to get where we wanted it to be with Martin and the helm. This is good news. Quote Share this post Link to post Share on other sites
cornercoach 448 Report post Posted February 17, 2018 He always planned to get out, but not this way. Best thing that can happen here is for them to bring a CEO with a customer focus. Clean up the business. Get it operating professionally and then sell out to one of the major players who knows how to run a streaming company properly. This company was never going to get where we wanted it to be with Martin and the helm. This is good news. ... don't have a crystal ball handy, but i do know Martin was a groundbreaker and put all he had into the product- I watch/use/consult FLO info and really appreciate it. $150 a year is one less trip to the racino to cover it. Watched Wyoming wrestle live with my phat asz on the couch, and a bowl of BBQ flavored chips close by.. 1 Jasonmitchell32 reacted to this Quote Share this post Link to post Share on other sites
Buckxell 145 Report post Posted February 17, 2018 He got Steve Jobs’ed. Sent from my iPhone using Tapatalk Quote Share this post Link to post Share on other sites
MadMardigain 1,362 Report post Posted February 17, 2018 Still think Flo is overextending into way to many areas. Needs to cut some of the random “verticals†and concentrate on making their top 8 or so sites extremely known and competence on the streaming market. Quote Share this post Link to post Share on other sites
Billyhoyle 2,029 Report post Posted February 17, 2018 ... don't have a crystal ball handy, but i do know Martin was a groundbreaker and put all he had into the product- I watch/use/consult FLO info and really appreciate it. $150 a year is one less trip to the racino to cover it. Watched Wyoming wrestle live with my phat asz on the couch, and a bowl of BBQ flavored chips close by.. Sometimes the person with the passion/skills to build a business isn't the best person to run it when it is already built. Quote Share this post Link to post Share on other sites
Housebuye 2,230 Report post Posted February 17, 2018 ... don't have a crystal ball handy, but i do know Martin was a groundbreaker and put all he had into the product- I watch/use/consult FLO info and really appreciate it. $150 a year is one less trip to the racino to cover it. Watched Wyoming wrestle live with my phat asz on the couch, and a bowl of BBQ flavored chips close by.. I have worked at 5 starts ups and been involved with two acquisitions and rounds of funding This is perfectly normal. It doesn’t mean Martin didn’t do a good job, rather the skill set required to build a company to say 5-10 million revenue than build it from 5-10 to 100 million. He probably got paid out a bit and likely still holds a significant amount of equity. While it is unlikely that this is what he wanted, it is likely good for the business in the long run. I have a tremendous amount of respect for him. He disrupted a multi billion dollar industry relatively effectively and had a lot of naysayers 2 John Coctostan and iGranby reacted to this Quote Share this post Link to post Share on other sites
Billyhoyle 2,029 Report post Posted February 17, 2018 I have worked at 5 starts ups and been involved with two acquisitions and rounds of funding This is perfectly normal. It doesn’t mean Martin didn’t do a good job, rather the skill set required to build a company to say 5-10 million revenue than build it from 5-10 to 100 million. He probably got paid out a bit and likely still holds a significant amount of equity. While it is unlikely that this is what he wanted, it is likely good for the business in the long run. I have a tremendous amount of respect for him. He disrupted a multi billion dollar industry relatively effectively and had a lot of naysayers He didn't disrupt anything. He showed that fringe sports can be monetized. He saw a segment that the big sports networks were ignoring and then built a company around that. 1 SC_Wrestling reacted to this Quote Share this post Link to post Share on other sites
WillieBoy 713 Report post Posted February 18, 2018 Not surprised. This is what happens when you get too big, starting taking on too much VC. VC guys want their investments back no matter who is in charge. Nobody likes those damn VietCong! 1 WrestlingFan89 reacted to this Quote Share this post Link to post Share on other sites
cangemi 227 Report post Posted February 18, 2018 I'm thankful as a fan 1 herma48852 reacted to this Quote Share this post Link to post Share on other sites
boconnell 1,508 Report post Posted February 19, 2018 He didn't disrupt anything. He showed that fringe sports can be monetized. He saw a segment that the big sports networks were ignoring and then built a company around that. This is the key to wrestling's survival in the next 25 years. Forget the pipe dream of expanding the sport into the mainstream and monetize the few million built in fans. Flo showed how it could be done, they just failed to deliver to the customers they monetized. Hopefully this is the start of them delivering on the awesome promises they make. Quote Share this post Link to post Share on other sites
thefatman 34 Report post Posted April 2, 2018 Anyone hear any update on this? Are they still without a CEO? Quote Share this post Link to post Share on other sites
