Jeremy Wang, better known to the internet as streamer and esports team owner Disguised Toast, has shared some incisive thoughts on why "the esports industry is one of the worst things you can get into." And it's not because his team sucks, although it does: It's because in spite of all the millions of dollars that have been poured into it, there's no money to be made.
Disguised Toast announced in January that he'd spent $500,000 to found a Valorant pro team called DSG. It did not go well: By May, the team was on an 0-7 run and Disguised Toast was having serious second thoughts. Despite that experience, he purchased a League of Legends pro team in May, intending to compete in the North American Challengers League. But that venture also got off to an inauspicious start, as Riot unexpectedly gutted the NACL and LCS pros threatened to go on strike.
