So, after buying back HGL form Levi, I feel like I really need to completely explain what happened with the $15K evolve league. Keep in mind the time frame of all of this was from July 2017 - Feb 2018
When HGL started back in 2016 I did not write a business plan because I never thought I would be able to grow it into a community that had thousands of members or make it into something that had some sort of revenue stream. When I started planning for Season Two of The Far Arm League, I told myself that I want HGL to be bigger then just a community tournament organization, that I wanted to start hosting tournaments and leagues for thousands of dollars. I ended up spending months researching about business, LAN tournaments and other organizations and businesses like ESL, MLG, Esports Arena, Versus Gameplay, Infinite E&E, etc to gain knowledge to successfully host these kinds of events.
I was then emailed by Levi, He wanted to know what I was doing with HGL, I told him my currents plans of buying a space in LA and opening up an arena for HGL. Levi then asked if there would be positions opened at the arena, I told him yes but the arena wouldn’t open till July or August of 2018. This was the end of the conversation between us two for awhile. I started writing the business plan in late August of 2017 at this point Far Arm League Season Two’s format has been planned and Official Rules were in a rough draft. Things were quite for the most part up unto December 12th of 2017 . HGL was currently on a hiatus at this point as I was looking for staff. Levi then got in contact with me and sent in his resume. He then joined me in finishing the business plan and helping to get needed documents situated so we could present to investors.
A few days role by and I was struggle with calculating realistic financials, everytime I redone the sales forecast it was either to positive or to negative to attract investors. I actively searched for someone that could handle the financial side of getting a somewhat accurate forecast of sales, revenue, employee wages, costs etc. She ( Because of privacy reasons I will not give out her name) joined us on December 29th after I interviewed her. There was no problems working with her at all, she acted like she cared for HGL as a brand and loved the direction we were going with it. I then gave her access to the business plan and financial plans. She then gave me a few names that I could contact to present HGL to to talk about seed investment. After a few weeks have passed the financial plans are still incomplete and I haven’t heard nothing from her or Levi. I ended up finishing the financial plans and presented HGL to VC Task Force and Lancaster Angel Network. Both were interested in HGL but didn’t think it was ready as a brand to move on with the new business plan.
A few more weeks role by and she contacts me saying she has $500,000 secured for HGL through Sequel Fund. I got mad at her because she went out and presented HGL herself to this company that I had no clue of. She reassured me that she had good intentions for HGL and that she wanted this to be a surprise. I asked her if she had any proof of this even being remotely real, is their a contract or some sort of document saying they will invest that amount of money and what we have to give them whether that be equity or some sort of payment so they can receive ROI. She sent me pictures of a document that had her signature and 2 empty spaces for my and Levi’s signature. It also outlined the agreement between us and Sequel Fund stating that they would receive 25% equity in HGL for $500,000. She then told me she would mail out the agreement to me so I can sign it. At this point I was stoked and gave her my address.
I then looked more into Sequel Fund it looked solid with it already having invested into Switcher Studios and Onovative. I scrolled through their website and everything seemed legit, I ended up contacting them and asking if they have sent out an agreement for HGL, they replied back stating that I should receive the agreement soon and that they sent it to her first. Now I didn’t have a doubt in my mind that this wasn’t real I was completely stoked for what this meant for HGL and to have our first LAN tournament be for a game that means so much to me and HGL. A week later I announced the $15K tournament.
After being anxious of when the agreement was going to come in the mail, I finally called her and ask where the agreement was. She told me that she was not going to send it because there was some issue on the agreement, but never told me what exactly the issue was. I then contact Sequel Fund and ask them if they know of any issue with the agreement, they told me that there is no problem with the agreement and that they need it by February 20th or the agreement will become void. Being told about that deadline made me confused because from the pictures of the agreement Ive been sent there was no deadline on it for acceptance, so I asked about it and they told me that the agreement was for 75% equity for $500,000 with a deadline on February 20th. At this point I was pissed and confused and told them that I would not be signing their agreement and if she sends them a copy of the agreement with what appears to be mine and Levi’s signature that it’s not genuine.
The next day the tournament was canceled, Though I still said that the $15k tournament would be a thing without a LAN. For some reason after that big blow I still thought that it would of been possible for me to at least get the $15k for the tournament. In reality there was nothing I could do to make it happen. That whole experience messed me up and made my already existing trust issues worse, I was experiencing stress beyond the limit I could handle, and ultimately made my depression and anxiety unbearable, I was not fit to run an organization, so I decided that I needed to sell HGL for my own sake and so I could get myself back up again.
Well I can say that I’m healthier and happier now then I’ve ever been, and I’m really excited about owning HGL again. I hope this answers most of your guy’s questions if you still cared about the manner if not then Just feels nice to put everything out here.
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