New strategic investors to help World Chess address a billion dollar market
Two strategic investors have just taken out a $2 million subscription for shares in World Chess . These investors aren't just corporate types, according to chief executive Ilya Merenzon, but experts in the chess space. Ilya spoke to Vox after the announcement, explaining how the focus from here on in will be a build out of the brand and a heavy emphasis on marketing. The company has several revenue streams, and is already well established in the chess community. But there is lots of room for growth.
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