Comments on: Build Your Sportfolio Of Athletes At OneSeason http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/ Startup and Technology News Thu, 26 Nov 2009 17:41:33 -0800 hourly 1 By: Alan Smith http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-2/#comment-3102320 Alan Smith Tue, 17 Nov 2009 07:50:54 +0000 http://www.techcrunch.com/?p=22965#comment-3102320 Site closed down just the other day. Was a scam from the get go. These clowns bilked thousands of dollars from people. They have alot of dirt in their closets. Wouldn't want to them when they try to sail inmates virtual shares of soap to fellow prison mates Site closed down just the other day. Was a scam from the get go. These clowns bilked thousands of dollars from people. They have alot of dirt in their closets. Wouldn’t want to them when they try to sail inmates virtual shares of soap to fellow prison mates

]]> By: Jason http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-2/#comment-2662358 Jason Fri, 20 Mar 2009 18:56:08 +0000 http://www.techcrunch.com/?p=22965#comment-2662358 This site has only continued to improve in my opinion, and lets not forget how young it still is. Time will tell my friends. This site has only continued to improve in my opinion, and lets not forget how young it still is. Time will tell my friends.

]]> By: OneSeason Raises $3.5 Million For Its Sports Stock Market | Webtrendblog.com http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-2/#comment-2601883 OneSeason Raises $3.5 Million For Its Sports Stock Market | Webtrendblog.com Thu, 22 Jan 2009 00:41:58 +0000 http://www.techcrunch.com/?p=22965#comment-2601883 [...] Ownership Interests’ in each player, which rise in value depending on their demand. Since launching in October the site has traded over one million of these [...] [...] Ownership Interests’ in each player, which rise in value depending on their demand. Since launching in October the site has traded over one million of these [...]

]]> By: BitTorrent And Everything Technology Related - BBCCCP.com http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-2/#comment-2601719 BitTorrent And Everything Technology Related - BBCCCP.com Wed, 21 Jan 2009 22:01:12 +0000 http://www.techcrunch.com/?p=22965#comment-2601719 [...] Ownership Interests’ in each player, which rise in value depending on their demand. Since launching in October the site has traded over one million of these [...] [...] Ownership Interests’ in each player, which rise in value depending on their demand. Since launching in October the site has traded over one million of these [...]

]]> By: Nettlive.com » Blog Archive » OneSeason Raises $3.5 Million For Its Sports Stock Market http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-2/#comment-2601576 Nettlive.com » Blog Archive » OneSeason Raises $3.5 Million For Its Sports Stock Market Wed, 21 Jan 2009 19:56:27 +0000 http://www.techcrunch.com/?p=22965#comment-2601576 [...] Ownership Interests’ in each player, which rise in value depending on their demand. Since launching in October the site has traded over one million of these [...] [...] Ownership Interests’ in each player, which rise in value depending on their demand. Since launching in October the site has traded over one million of these [...]

]]> By: OneSeason Raises $3.5 Million For Its Sports Stock Market http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-2/#comment-2601537 OneSeason Raises $3.5 Million For Its Sports Stock Market Wed, 21 Jan 2009 19:08:22 +0000 http://www.techcrunch.com/?p=22965#comment-2601537 [...] Ownership Interests’ in each player, which rise in value depending on their demand. Since launching in October the site has sold over one million of these [...] [...] Ownership Interests’ in each player, which rise in value depending on their demand. Since launching in October the site has sold over one million of these [...]

]]> By: REAL http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-2/#comment-2568339 REAL Tue, 16 Dec 2008 05:49:14 +0000 http://www.techcrunch.com/?p=22965#comment-2568339 The moment I knew this site was evil was when I realized that I couldn't very well recommend it to my friends, because I would essentially only be asking them to buy my worthless SOIs. Taking money from their wallet, placing it in mine. Seemed like stealing to me; and you don't steal from your friends. Ocurred to me further, you don't steal from strangers either. Yet that's exactly what hundreds of people did - they signed up to message boards they'd never frequented before, just to innocently tell strangers about this great money making opportunity. How much did you sell your innocence for? What was it worth to you? The moment I knew this site was evil was when I realized that I couldn’t very well recommend it to my friends, because I would essentially only be asking them to buy my worthless SOIs. Taking money from their wallet, placing it in mine. Seemed like stealing to me; and you don’t steal from your friends.

Ocurred to me further, you don’t steal from strangers either.

Yet that’s exactly what hundreds of people did – they signed up to message boards they’d never frequented before, just to innocently tell strangers about this great money making opportunity.

How much did you sell your innocence for? What was it worth to you?

]]> By: jones http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2560610 jones Mon, 08 Dec 2008 19:41:12 +0000 http://www.techcrunch.com/?p=22965#comment-2560610 I don't think the creators of the site intended for it to work like a ponzi scheme, but that's how it turned out to be in that the early investors received a high rate of return which can only be sustained when new people keep investing money. Most people on the site, including myself realize this which is probably why people on the site who already have money invested are constantly trying to promote it to new people with explanations that are irrational and usually wrong(i.e. all the "market experts" who make forecasts and predictions as if they're real economists). The fact of the matter is that these "SOI's" have no intrinsic value to them because they're value can't be tied to the performance of an athlete, whereas the value of real stocks can be directly linked to profits and performances of a company. There are no incentives of shares tied to the performance of the athletes and the value is based solely on the perception by market participants on whether they think others in the market will buy or sell at a given price. It doesn't matter who the athlete is or how they do. For all intents and purposes, it could be ABC or XYZ instead of KOBE or LEBRON. Eventually this market will go to it's true value which is whatever the original amount that was invested and considering how it's pretty much a zero sum game, a lot of early investors have already cashed out checks in the 5 figure range, there probably isn't a lot of "real" money in it anymore unless of course more people throw money into the pool, which isn't likely to happen given the epic collapse or the market. I don’t think the creators of the site intended for it to work like a ponzi scheme, but that’s how it turned out to be in that the early investors received a high rate of return which can only be sustained when new people keep investing money. Most people on the site, including myself realize this which is probably why people on the site who already have money invested are constantly trying to promote it to new people with explanations that are irrational and usually wrong(i.e. all the “market experts” who make forecasts and predictions as if they’re real economists). The fact of the matter is that these “SOI’s” have no intrinsic value to them because they’re value can’t be tied to the performance of an athlete, whereas the value of real stocks can be directly linked to profits and performances of a company. There are no incentives of shares tied to the performance of the athletes and the value is based solely on the perception by market participants on whether they think others in the market will buy or sell at a given price. It doesn’t matter who the athlete is or how they do. For all intents and purposes, it could be ABC or XYZ instead of KOBE or LEBRON. Eventually this market will go to it’s true value which is whatever the original amount that was invested and considering how it’s pretty much a zero sum game, a lot of early investors have already cashed out checks in the 5 figure range, there probably isn’t a lot of “real” money in it anymore unless of course more people throw money into the pool, which isn’t likely to happen given the epic collapse or the market.

]]> By: I spent 50 bucks on this http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2556847 I spent 50 bucks on this Thu, 04 Dec 2008 19:02:24 +0000 http://www.techcrunch.com/?p=22965#comment-2556847 Supposedly I have a check being processed for me and then being sent in the mail... but even if I get the check, will it clear? LOL at this whole thing. I'm just glad I have only about fifty bucks at stake; I'd be crapping my pants if it involved 'living-on' money. My sense, when I first joined on Nov 1st, was that Oneseason was, if not a way to make an easy buck, an extremely entertaining business lesson on market dynamics and social psychology. Supposedly I have a check being processed for me and then being sent in the mail… but even if I get the check, will it clear? LOL at this whole thing. I’m just glad I have only about fifty bucks at stake; I’d be crapping my pants if it involved ‘living-on’ money. My sense, when I first joined on Nov 1st, was that Oneseason was, if not a way to make an easy buck, an extremely entertaining business lesson on market dynamics and social psychology.

]]> By: TechCrunch article at launch | OneSeasonTrader.com http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2546547 TechCrunch article at launch | OneSeasonTrader.com Tue, 25 Nov 2008 20:46:23 +0000 http://www.techcrunch.com/?p=22965#comment-2546547 [...] article about OneSeason.com was one of the first on the web found at TechCrunch.  Don’t think we ever made mention of it [...] [...] article about OneSeason.com was one of the first on the web found at TechCrunch.  Don’t think we ever made mention of it [...]

]]> By: fatman http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2536981 fatman Mon, 17 Nov 2008 16:52:06 +0000 http://www.techcrunch.com/?p=22965#comment-2536981 One season appears to be a BUNCH of Cons. They had it calculated so that a lot of people would invest possibly a million dollars, but only the people who joined on day one could get out 30 days later. They have screwed everyone who invested a week in this or later out of their total investment. A bunch of chicken shits is my opinion. One season appears to be a BUNCH of Cons. They had it calculated so that a lot of people would invest possibly a million dollars, but only the people who joined on day one could get out 30 days later. They have screwed everyone who invested a week in this or later out of their total investment. A bunch of chicken shits is my opinion.

]]> By: OneSeason http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2523727 OneSeason Tue, 04 Nov 2008 19:05:18 +0000 http://www.techcrunch.com/?p=22965#comment-2523727 real money for this stuff? seems retarded. in this economy who's going to blow their hard earned money on some fake athlete stock market? at least protrade uses fake money so it's at least fun and doesn't hit you in the wallet. i'd rather spend my real money on gas or food! real money for this stuff? seems retarded. in this economy who’s going to blow their hard earned money on some fake athlete stock market? at least protrade uses fake money so it’s at least fun and doesn’t hit you in the wallet. i’d rather spend my real money on gas or food!

]]> By: carlos http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2523297 carlos Tue, 04 Nov 2008 08:16:18 +0000 http://www.techcrunch.com/?p=22965#comment-2523297 SIGN UP, DEPOSIT, AND BUY ASAP!! Greatest site ever! SIGN UP, DEPOSIT, AND BUY ASAP!! Greatest site ever!

]]> By: GreatSOB http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2518514 GreatSOB Thu, 30 Oct 2008 19:54:28 +0000 http://www.techcrunch.com/?p=22965#comment-2518514 Ponzi Scheme... look it up... then look at OneSeason and tell me what you think? The funny part about OneSeason is that they actually speed up the process of the eventual crash by taking out 1% of every trade! Yes they are actually taking cash out of their market and once that equals or out paces the cash injection (new users) the market will slide and crash into its impending doom. Do yourself a favor... if you have any money at all in OneSeason---- CASH OUT WHILE YOU CAN! You'll thank me, and the other posters who have brains above, later. Ponzi Scheme… look it up… then look at OneSeason and tell me what you think?

The funny part about OneSeason is that they actually speed up the process of the eventual crash by taking out 1% of every trade! Yes they are actually taking cash out of their market and once that equals or out paces the cash injection (new users) the market will slide and crash into its impending doom.

Do yourself a favor… if you have any money at all in OneSeason—- CASH OUT WHILE YOU CAN! You’ll thank me, and the other posters who have brains above, later.

]]> By: JP http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2514902 JP Mon, 27 Oct 2008 22:42:48 +0000 http://www.techcrunch.com/?p=22965#comment-2514902 It is not gambling b/t it is not based on chance, its based on skill. Check out the recent WSJ article- a former prosecutor explains how its not classified as gambling. http://online.wsj.com/article/SB122471163578159995.html#articleTabs%3Darticle It is not gambling b/t it is not based on chance, its based on skill. Check out the recent WSJ article- a former prosecutor explains how its not classified as gambling.

http://online.w...eTabs%3Darticle

]]> By: boon http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2513698 boon Sun, 26 Oct 2008 16:00:57 +0000 http://www.techcrunch.com/?p=22965#comment-2513698 how much are you up to mark???? I'm up over 4000 off of my 130 investment. how much are you up to mark????

I’m up over 4000 off of my 130 investment.

]]> By: Andrew http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2512625 Andrew Fri, 24 Oct 2008 20:08:21 +0000 http://www.techcrunch.com/?p=22965#comment-2512625 To answer at least your second question, I have heard from others who have tried to withdraw cash that if you withdraw more than $600 than your initial investment, you will be sent a W-9 form along with your check for tax purposes. So, in short, if you are successful enough, yes you will be taxed. To answer at least your second question, I have heard from others who have tried to withdraw cash that if you withdraw more than $600 than your initial investment, you will be sent a W-9 form along with your check for tax purposes. So, in short, if you are successful enough, yes you will be taxed.

]]> By: Udal http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2506146 Udal Sat, 18 Oct 2008 14:37:29 +0000 http://www.techcrunch.com/?p=22965#comment-2506146 Hello, I have gone through everything from everyone. Kindly answer me to my points 1.Has oneseason been decalred legal in US? 2.If Yes ,will the money earned be taxed??? 3.What is that one thing that I can trust bfore I can sart asking close frinds of mine to play around, Udal Hello,

I have gone through everything from everyone.
Kindly answer me to my points

1.Has oneseason been decalred legal in US?
2.If Yes ,will the money earned be taxed???
3.What is that one thing that I can trust bfore I can sart asking close frinds of mine to play around,

Udal

]]> By: James T http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2501643 James T Tue, 14 Oct 2008 16:49:55 +0000 http://www.techcrunch.com/?p=22965#comment-2501643 I am a user at oneseason and protrade both. I used to be an active user on protrade but lost interest for obvious reason... It's just not that exciting to win "fake" $. It's so exciting to see a new company really pull this concept together. Oneseason has literally changed the way I live my day, I cannot get away from my computer. Forget making fun of my co-wrokers through betting. I am in touch with my best friends and guys I watch the games with through the social networking provided on oneseason. Why would I want to razz the guy who doesn't brush his teeth at the cubicle next to me when I can mess with my core group of best friends? I just did an alexa comparison between protrade and oneseason and in only 11 days oneseason has already caught up to them in web traffic. I know people don't like change, but I think this one is inevitable.. the tide has already turned from what I have seen. Oneseason's free market is thriving too and acting like a real marketplace. Romo took a dip when announced that he broke his thumb yesterday, but he's on his way back up as he is a good buy now. This is what I have always hoped for and it is here and accessible. Sorry guys, but I think there is no question that oneseason is here to stay. I am a user at oneseason and protrade both. I used to be an active user on protrade but lost interest for obvious reason… It’s just not that exciting to win “fake” $. It’s so exciting to see a new company really pull this concept together. Oneseason has literally changed the way I live my day, I cannot get away from my computer. Forget making fun of my co-wrokers through betting. I am in touch with my best friends and guys I watch the games with through the social networking provided on oneseason. Why would I want to razz the guy who doesn’t brush his teeth at the cubicle next to me when I can mess with my core group of best friends?

I just did an alexa comparison between protrade and oneseason and in only 11 days oneseason has already caught up to them in web traffic. I know people don’t like change, but I think this one is inevitable.. the tide has already turned from what I have seen. Oneseason’s free market is thriving too and acting like a real marketplace. Romo took a dip when announced that he broke his thumb yesterday, but he’s on his way back up as he is a good buy now. This is what I have always hoped for and it is here and accessible. Sorry guys, but I think there is no question that oneseason is here to stay.

]]> By: Jackson Gates http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2500772 Jackson Gates Mon, 13 Oct 2008 22:46:05 +0000 http://www.techcrunch.com/?p=22965#comment-2500772 Not sure who this other Jackson guy is but I think the guys at Protrade -- including Mark -- have a much better understanding of this market than OneSeason. My understanding of ProTrade is that they have a very loyal base, but surprise... a sports marketplace is a subset of the fantasy sports market. A niche within a niche. Now, OneSeason is going to take a small chunk of ProTrade's market by catering to the people that are crazy enough to risk real money on something with no asset value? Forget it. If you want to bet on sports... do it the old fashioned way and bet your co-workers. You'll make money and be able to make fun of them in the office. Someone needs to do something cool in sports but I don't think OneSeason is it. I won't throw any more mud because it's hard enough just to get something like this off the ground. Good luck. Not sure who this other Jackson guy is but I think the guys at Protrade — including Mark — have a much better understanding of this market than OneSeason. My understanding of ProTrade is that they have a very loyal base, but surprise… a sports marketplace is a subset of the fantasy sports market. A niche within a niche. Now, OneSeason is going to take a small chunk of ProTrade’s market by catering to the people that are crazy enough to risk real money on something with no asset value? Forget it. If you want to bet on sports… do it the old fashioned way and bet your co-workers. You’ll make money and be able to make fun of them in the office. Someone needs to do something cool in sports but I don’t think OneSeason is it.

I won’t throw any more mud because it’s hard enough just to get something like this off the ground. Good luck.

]]> By: sports nut http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2497860 sports nut Fri, 10 Oct 2008 21:44:54 +0000 http://www.techcrunch.com/?p=22965#comment-2497860 Monday night football affected Reggie Bush's price... right after the game he was trading higher. It was pretty cool to see. That is one example of how real world events will affect pricing. Not to mention the share price of a company doesn't always necessarily reflect how well the company is doing, market perception of how the company is doing plays a major role. Just like market perception of how a player will do affects the SOI price of that player. Monday night football affected Reggie Bush’s price… right after the game he was trading higher. It was pretty cool to see. That is one example of how real world events will affect pricing. Not to mention the share price of a company doesn’t always necessarily reflect how well the company is doing, market perception of how the company is doing plays a major role. Just like market perception of how a player will do affects the SOI price of that player.

]]> By: Nigel Eccles http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2493795 Nigel Eccles Tue, 07 Oct 2008 13:21:56 +0000 http://www.techcrunch.com/?p=22965#comment-2493795 I was very curious how they avoid being classed as gambling (and therefore illegal under the Unlawful Gaming and Wire Transfer acts). The key line in the FAQs is this: Is OneSeason a gambling site? Absolutely not. OneSeason is a free market system that trades in perpetuity with no definable outcome, end event or odds. Users achieve market based returns solely on their skill trading SOI's and access numerous features for their enjoyment and entertainment. Therefore OneSeason is a skills based game like WorldWinner or King. The major concern I would have is how real world events drive prices. With stocks the price is influenced by company performance because ultimately the price is derived from expected future dividends. With SOI's there is no way real world event that directly drives prices, therefore their value is solely based on trader's belief that they will increase in value. If the current financial crisis doesn't indicate that that is dangerous then I expect you and your money will soon part company! I was very curious how they avoid being classed as gambling (and therefore illegal under the Unlawful Gaming and Wire Transfer acts). The key line in the FAQs is this:

Is OneSeason a gambling site?
Absolutely not. OneSeason is a free market system that trades in perpetuity with no definable outcome, end event or odds. Users achieve market based returns solely on their skill trading SOI’s and access numerous features for their enjoyment and entertainment.

Therefore OneSeason is a skills based game like WorldWinner or King. The major concern I would have is how real world events drive prices. With stocks the price is influenced by company performance because ultimately the price is derived from expected future dividends. With SOI’s there is no way real world event that directly drives prices, therefore their value is solely based on trader’s belief that they will increase in value.

If the current financial crisis doesn’t indicate that that is dangerous then I expect you and your money will soon part company!

]]> By: TechStartups.com is a blog aimed to bring you more than just internet products or internet related companies. http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2493794 TechStartups.com is a blog aimed to bring you more than just internet products or internet related companies. Tue, 07 Oct 2008 13:20:44 +0000 http://www.techcrunch.com/?p=22965#comment-2493794 [...] Take OneSeason, for instance. The new tech startup from San Francisco allows you to invest those pennies you’ve just yanked off of Wall Street into real-world sports stars. [...] [...] Take OneSeason, for instance. The new tech startup from San Francisco allows you to invest those pennies you’ve just yanked off of Wall Street into real-world sports stars. [...]

]]> By: jp http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2493431 jp Tue, 07 Oct 2008 00:52:24 +0000 http://www.techcrunch.com/?p=22965#comment-2493431 Not sure you all understand the definition of a pyramid scheme but just b/c there isn't a company behind the stock does not make Oneseason one. With a company behind your stock on the NYSE you can still end up with a stock that is worthless. Second life is a great comparison for how the value is created. I am not sure why the user base would stop growing either... I doubt the fantasy sports user based has stopped growing since it started. Not sure you all understand the definition of a pyramid scheme but just b/c there isn’t a company behind the stock does not make Oneseason one. With a company behind your stock on the NYSE you can still end up with a stock that is worthless. Second life is a great comparison for how the value is created. I am not sure why the user base would stop growing either… I doubt the fantasy sports user based has stopped growing since it started.

]]> By: Jackson http://www.techcrunch.com/2008/10/04/build-your-sportfolio-of-athletes-at-oneseason/comment-page-1/#comment-2493370 Jackson Mon, 06 Oct 2008 23:35:24 +0000 http://www.techcrunch.com/?p=22965#comment-2493370 Yeah, this Mark guy really has it out for oneseason.. Seems too personal to be objective. Hmmm. Yeah, this Mark guy really has it out for oneseason.. Seems too personal to be objective. Hmmm.

]]>