bashmcalister

People telling me that selling $2 cards is not worth my time

People telling me that selling $2 cards is not worth my time

Pokémon needs to start removing distribution rights. Too many scalpers have access to large stock, often selling way over MSRP. More needs to get into the hands of retail. Do you agree?

A data center in Georgia used 30 million gallons of water illegally, and locals only noticed when their water pressure was abnormally low. The data center claimed it was an honest mistake, but locals were told by the town to conserve water while the data center kept running.

I get that much of the Pokemon world is fueled by nostalgia. But to the degree it has overtaken sports cards, it confuses me considering adults generally continue to engage with and watch sports at a far higher level than say, playing Pokemon games or consuming the media

I walked past CardVault by Tom Brady in SF yesterday. Brady bought 50% in 2025. Now they're opening a store a month. The company was founded in 2020 by five guys who already had stores in TD Garden, Gillette, and Foxwoods. Real business. Real product. Named "America's Best Card Shop." The founders didn't need help making cards cool. They needed Brady's distribution. His fans and his leverage. Once you have the distribution, you can build almost anything on top of it. Most founders spend years perfecting a product for an audience that doesn't exist yet. Build the audience first. Then slot in the product.

Allow me to translate this letter from eBay for those who don’t speak legalese: Ryan, We got your unsolicited offer to buy eBay for $125/share (half cash, half stock) supported by your 5% economic interest in eBay. Our board, backed by the usual crew of bankers and lawyers who get paid either way, “thoroughly reviewed” it. We’re rejecting it. Not because the math doesn’t work. Not because the highly confident letter from TD Securities for up to $20B on top of your $9B+ cash pile is fake. None of that. We’re rejecting it because your entire approach to running a company is an existential threat to how we like to operate here. Here are the reasons we feel this way, and the things we considered before paying consultants to write this: 1) We’d rather keep milking eBay as a “standalone” cash cow than let you turn it into something bigger and better. 2) Sure, you’ve got real financing lined up and you “know people” with deep pockets, but we’re going to call it “uncertain” anyway so we don’t have to engage. 3) Your plan would actually force real long-term growth and profitability changes we’d rather not be held accountable for. 4) The debt we pretended you can’t even obtain, the operational integration and focus on seller satisfaction, and most importantly, putting someone like you in charge of the combined entity all sound like a nightmare for our current leadership structure because all of us would have zero job security. 5) The valuation math only looks bad if you ignore the 46% premium you’re offering our shareholders and the upside from fixing eBay the way you fixed GameStop, which we are choosing to do and hoping nobody notices. 6) And I hope we buried the lede far enough here: Your governance and executive incentives are completely incompatible with ours. You and your board take zero cash, no salary, no bonuses, no golden parachutes. You buy shares with your own money and only get paid if shareholders win. We, on the other hand, like our nice, reliable annual payouts regardless of whether the stock is flat or the company is just coasting. We’re not about to hand over our golden goose to a guy who eats only what he kills. Look, eBay is “strong” and “resilient” in the way every entrenched public company says it is while handing out eight-figure checks and perks to the C-suite. We’ve done the usual incremental stuff: tweaked the marketplace a bit, returned some capital, and we’d like to keep doing that without any cowboy from GameStop coming in and demanding actual skin-in-the-game accountability. Can you just leave us alone? Our team remains focused on protecting the current regime and delivering “value”… mostly to ourselves and our consultants. Thanks, but no thanks, Paul S. Pressler
Chairman of the Board, eBay
(And proud beneficiary of the status quo)

【Secret Lair・Chaos Vault】 『Back in My Day!』が公開されました。 ・《戦いの賛歌/Battle Hymn》 ・《憤怒の息吹/Breath of Fury》 ・《夏の帳/Veil of Summer》 ・《出産の殻/Birthing Pod》 の旧枠SL ・Secret Lair公式サイトブランド『Chaos Vault』より『Two Scoops』バンドルの一部として本日より発売

At Collect-a-con Cleveland this weekend (Magic only booth.) Plenty of people, not only Pokemon collectors here!