Envy CEO slams Forbes esports valuations as \u201cutter garbage\u201d Envy GamingAdam Rymer, Chief Executive Officer of Envy Gaming, has dismissed Forbes\u2019 recent esports company valuations as \u201cutter garbage,\u201d after they named TSM, Cloud9 and Team Liquid as the most valuable orgs in the world. On December 5, Forbes published their list of the ten most valuable esports organizations in the world, offering a total value for each of the ten they listed. Top of the list was Team SoloMid which was listed as being worth a jaw-dropping $410 million. Cloud9 and Team Liquid took the silver and bronze spots, while FaZe Clan, NRG and 100 Thieves also made the list. However, as is fairly common with Forbes\u2019 valuations, industry insiders have come out to criticize the list, none more notable than Envy Gaming CEO Adam Rymer. The most valuable esports orgs in 2020, according to Forbes \ud83d\udcb0 pic.twitter.com\/a21cnSShCZ \u2014 Dexerto (@Dexerto) December 5, 2020 Rymer took over as CEO of Envy in summer 2020, taking the reigns from Mike Rufail. Envy Gaming is the parent company of Team Envy, the CDL\u2019s Dallas Empire and the Overwatch League\u2019s Dallas Fuel. On his LinkedIn, Rymer said: \u201cThis Forbes analysis is utter garbage. To be clear, this is not a criticism of the organizations included\/mentioned all of whom deserve to be there. I have friends at all of them and have a great respect for what they are doing across the board, but in full transparency, this is a complete \u201cdrive-by\u201d, cursory analysis which has led me to question the entire valuation\/editorial capability of Forbes.\u201d Rymer went on to explain that since Forbes\u2019 last valuation (in which Envy were ranked number 8), Envy has massively expanded, added Post Malone to their ownership group and won the inaugural CDL Championships. Regardless, they missed out on a top 10 spot. On December 7, he added more context to his post by explaining that Envy provided Forbes with requested information but refused to continue to work with them when they \u201clearned of their changed methodology for this year\u2019s list.\u201d \u201cNone of this was apparently relevant to this study to even be mentioned,\u201d Rymer finished. \u201cBased on the companies mentioned, one would think it was purely based on which organizations would give them the biggest article reach (which, to be fair, is certainly a contributor to value). In my honest opinion, this list has become a disservice to the entire industry.\u201d Rymer\u2019s criticism is fairly scathing, and there are certainly some questions to address over the reasons behind Envy Gaming\u2019s absence from the list.<\/p>\n","protected":false},"excerpt":{"rendered":"
Envy CEO slams Forbes esports valuations as \u201cutter garbage\u201d Envy GamingAdam Rymer, Chief Executive Officer of Envy Gaming, has dismissed Forbes\u2019 recent esports company valuations as \u201cutter garbage,\u201d after they named TSM, Cloud9 and Team Liquid as the most valuable orgs in the world. On December 5, Forbes published their list of the ten most […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-66450","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/66450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=66450"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/66450\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=66450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=66450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=66450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}