Let me start by saying I don’t like Curt Schilling. I think he’s a loudmouth blowhard. And back in 2010 when he announced he was relocating 38 Studios to Rhode Island I blogged it and made fun of RI for being morons. Here is the blog….
Boston - Former Red Sox pitcher Curt Schilling is moving his videogame company 38 Studios, based in Maynard, from Massachusetts to Rhode Island. The deal will bring Schilling’s company a $75 million loan guarantee backed by that state. “I’ve invested a significant amount of my life’s earnings in 38 Studios,” said Schilling, “and I will protect the loan guarantee that’s been given by the state with the same passion and interest that I’m protecting my own investment in this company.” Rhode Island’s Economic Development Corporation today approved a $75 million loan guarantee to Schilling’s company. The EDC board approved the offer after concluding that the company offered growth opportunity and could help drive the state’s economy. The offer represents 60 percent of the maximum $125 million loan guarantee allowed under state law. The company said it could bring 450 direct jobs to the state by the end of 2012 and would pay a penalty if it falls short. But some are concerned by the size of the loan guarantee and that the company doesn’t have a proven track record.
Rhode Island is guaranteeing a 75 million dollar loan to Curt Schilling’s video game company? What does that even mean? Like if Curt goes bankrupt RI will have to pay back the loan? Is that shit normal? Does RI even have 75 million dollars? And if so is this really how they want to spend it all? Like I’ll gladly relocate to the Ocean State if they’ll back a 20 million dollar loan never mind 75 million. It’s kind of a no brainer if you ask me. I mean I’m pretty sure smut is way more recession proof than dorky video games. So let’s talk Rhode Island. Help me help you.
But having said all that I go to be honest. I have zero problem with anything Schilling did here. Like should he have told his employees about the financial problems earlier? Yes. Did he have any clue what he was doing? No. Does he owe a shit ton of people money? Yes. But to me that’s all semantics. Because guess what? When you put 50 million dollars of your own money into anything and end up selling your own coin collection I don’t care what the fuck you do. Maybe that’s just the entrepreneur in me talking. But there is honestly nothing harder in life than putting up your own money to start something. That’s what Schilling did. Yeah he took money from RI too. Big deal. That’s RI’s fault for being idiots. It still doesn’t change the fact he risked his own neck and wasted all the money he made playing baseball. The easy thing to do would have been to do nothing. To sit and be a blowhard the rest of his life. But he didn’t. He tried to start a company and give a shit ton of people jobs. It blew up in his face, but nobody took it on the chin harder than him. So all the people whining about how they are owed a couple thousand bucks can shove it. Lose 50 million and then get back to me.