Category: Sports

Next Gen Sports Media with Dan Porter of Overtime


This post is by MPD from @MPD - Medium


On today’s episode I chat with Dan Porter, Co-Founder and CEO of Overtime.

Overtime is the leading brand for the next generation of sports fans. Dan and his team at Overtime identified that the traditional sports media players were (and still are) heavily invested in the old infrastructure like cable deals. That left an opportunity to create an agile sports media brand that would cater to the younger generation utilizing new technology such as social platforms.

What started as an app turned into a community and has now morphed into creating and managing sports leagues. They currently operate two leagues OTE and OT7, one basketball and football.

Dan is a startup guru. He’s sold a few companies before starting Overtime and teaches entrepreneurship at NYU. If you’re interested in media, the business of sports or entrepreneurship this episode will have something for you. Enjoy.

Listen via your preferred platform here.

Show Links:


Next Gen Sports Media with Dan Porter of Overtime was originally published in @MPD on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Richest Women in America in One Graphic


This post is by Iman Ghosh from Visual Capitalist


Richest Women in America 2021

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The Richest Women in America in One Graphic

The majority of the world’s billionaires hail from the United States.

But of the 724 American billionaires whose net worths are tracked daily by Forbes, only 86 are women. That’s just 12% of the country’s billionaires.

This visualization examines the select few who have made the cut into this prestigious list, using data compiled from Forbes’ real-time billionaires list.

Note: All data is as of November 1, 2021 unless otherwise stated.

Top 10 Richest Women in America

Since 2020, MacKenzie Scott has donated over $8.5 billion and counting of her wealth. Yet, she still remains one of the richest women in the world. This is largely due to the Amazon shares that she received in her divorce settlement.

Amazon’s stock performance soared amid the pandemic, which resulted in the initial value of her shares ($38.3 billion) nearly doubling.

Top 10 overallNameNet WorthAgeSource of wealth
#1Alice Walton$68.1 B72Walmart
#2MacKenzie Scott$56.1 B51Amazon
#3Julia Koch & family (Read more...)

Funding Friday: Posterized


This post is by Fred Wilson from AVC


My friend Stephen sent me a text with a link to this Kickstarter project. I backed it immediately and went one step further than I ordinarily do, I bought a pre-order copy of the book.

The NBA is back in season, I went to the opener on Weds night here in NYC, and it was a thrill to be in the arena watching incredible athletes play my favorite game to watch.

So I am excited to get this book and put it on my coffee table. I will have endless fun rifling through the pages.

And if you are an NBA fan like me, do yourself a favor and watch this video.



USV TEAM POSTS:

Going after social commerce for sportspeople, Millions gets $10M



Millions.co, a social commerce platform geared towards professional and semi-professional athletes wanting help to monetize their fanbase by selling merch and/or on-demand video, has grabbed $10 million in funding led by Boston-based Volition Capital.

The round is being loosely pegged as a Series A as the seasoned team behind Millions self-funded the first wave of development to get the platform launched.

The founding team includes CEO Matt Whitteker, a boxing gym owner who co-founded the supply chain data management unicorn Assent Compliance and NoNotes.com; CMO Brandon Austin, co-founder of Go-Fish Cam; and, in advisor roles, Adrian Salamunovic, co-founder of DNA 11 and CanvasPop; Scott Whitteker (Fight For The Cure) and Bruce Buffer (a veteran sports announcer).

Millions‘ launched its fan engagement social commerce platform in April — with an initial three products for pro/semi-pro athletes to pitch at their followers: Namely custom merchandize (including a free design service); ask-me-anything personalized videos; and a pay-per-view streaming offering that lets fans pay to tune into a live stream of their favorite sportsperson.

The startup’s initial plan had been to build just an ecommerce and merchandising platform but, having built that component, Salamunovic says the team decided to bundle in video products — such as personalized videos and “‘democratiszing’ pay-per-view (PPV). 

“Our biggest advantage and differentiator is that we are strictly focused on the sports world and fan engagement,” he tells TechCrunch. “The obvious indirect competitors are Twitch (heavily focused on e-sports/gaming), Patreon (focused on creators), Represent.com (focused on merch (Read more...)

Visualizing the Highest-Paid Athletes in 2021


This post is by Anshool Deshmukh from Visual Capitalist


Ranking the Highest-Paid Athletes in 2021

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.

When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even white label our visualizations. Explore your options.

Interested in this piece?
Click here to license this visualization.

Who Were the Highest-Paid Athletes in 2021?

The financial figures in sport are enormous. The highest-paid athletes in the world make tens of millions, or even hundreds of millions per year.

The global pandemic put a significant dent in the commercial aspect of many sports. Even though the teams and their owners earned significantly less during this period, individual athletes actually thrived.

According to the Forbes annual rankings of the world’s highest-paid athletes for 2021, the top 50 of them turned in a record-setting year and made nearly $2.8 billion in 12 months, beating 2019’s record total by more than $150 million.

Highlights of the Year

This year’s list had a multitude of names making the big bucks. Here are some of the highlights:

Connor McGregor is 2021’s highest-paid athlete

MMA fighter Connor McGregor tops the list with a whopping $180 million earned in 2021. According to McGregor, this has been a long time coming, who in 2016 infamously boasted to soccer star Cristiano Ronaldo that he’d overtake him one day as sports’ highest-paid (Read more...)

Visualizing the Highest-Paid Athletes in 2021


This post is by Anshool Deshmukh from Visual Capitalist


Ranking the Highest-Paid Athletes in 2021

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.

When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even white label our visualizations. Explore your options.

Interested in this piece?
Click here to license this visualization.

Who Were the Highest-Paid Athletes in 2021?

The financial figures in sport are enormous. The highest-paid athletes in the world make tens of millions, or even hundreds of millions per year.

The global pandemic put a significant dent in the commercial aspect of many sports. Even though the teams and their owners earned significantly less during this period, individual athletes actually thrived.

According to the Forbes annual rankings of the world’s highest-paid athletes for 2021, the top 50 of them turned in a record-setting year and made nearly $2.8 billion in 12 months, beating 2019’s record total by more than $150 million.

Highlights of the Year

This year’s list had a multitude of names making the big bucks. Here are some of the highlights:

Connor McGregor is 2021’s highest-paid athlete

MMA fighter Connor McGregor tops the list with a whopping $180 million earned in 2021. According to McGregor, this has been a long time coming, who in 2016 infamously boasted to soccer star Cristiano Ronaldo that he’d overtake him one day as sports’ highest-paid (Read more...)

Olympic Medal Count: How Did Each Country Fare at Tokyo 2020


This post is by Anshool Deshmukh from Visual Capitalist


2020 Olympic Medal Count

Olympic Medal Count: How Did Each Country Fare at Tokyo 2020?

Every four years, the Summer Olympics brings together thousands of athletes from around the world to compete in a global arena of sportsmanship and athletic excellence.

Tokyo hosted the 2020 Summer Olympics from July 24 to August 9, 2021, marking the second time Japan has hosted the Summer Olympics. The country was first given the honor back in 1964 becoming the first Asian nation to host the Olympic Games.

Even in this most challenging of climates where the games had to be pushed by a year, nothing stopped the athletes from exceeding their limits and breaking long-held records.

The Final 2020 Olympic Medal Count

In a complete show of dominance, the U.S. won the most medals at the Olympics, raking in 113 total with 39 gold medals. The U.S. beat out China to claim the top spot by a single gold medal. China finished the games with an impressive 88 medals in total. The host country Japan comes in at third with 27 gold medals and a total of 58 medals.

Here is the final Olympic medal count for each country that participated in the Tokyo Olympic Games:

RankCountryGoldSilverBronzeTotal
1?? U.S.394133113
2?? China38321888
3?? Japan27141758
4?? Great Britain22212265
5?? ROC (Russia)20282371
6?? Australia17072246
7?? Netherlands10121436
8?? (Read more...)

Sticking With The Plan


This post is by Fred Wilson from AVC


Managing a business is about having a plan, sticking with it, and not panicking or looking for hail mary passes. There are no silver bullets or shortcuts to success in life. You need to have a five to ten-year plan and you need to stick with it and execute against it day after day, week after week, year after year.

I was reminded of this watching my NY Knicks navigate the off-season after making the playoffs for the first time in eight years. The Knicks front office stuck with the core of the team, kept all of their young talent, and upgraded significantly at point guard and small forward. They also do not have a guaranteed contract that extends beyond the 2022-2023 season.

I am sure it was tempting to think about accelerating the plan after a season that went better than anyone was expecting. I am sure that they thought about taking bigger risks and going for broke now. But I am glad they did not do that.

Instead, they rewarded players like Derrick Rose, Alec Burks, and Nerlens Noel who were a big part of getting them into the playoffs with multi-year contracts, they got Kemba Walker and Evan Fournier as upgrades at point guard and small forward, and kept all of their youngsters.

That’s a model for how to think about building a business and a leadership team. It is much more likely that you can get a win with a five-year plan than a one-year plan. (Read more...)

Olympics 2021: Comparing Every Sports Ball


This post is by Omri Wallach from Visual Capitalist


Olympics 2021 Comparing Every Sports Ball Main

The Briefing

  • Table tennis has the smallest sports ball used in the Tokyo Olympics at just 4cm in diameter and 2.7g in weight.
  • The biggest by size is the basketball at 24.35cm in diameter, but the shot is more than 10 times heavier at 7.26kg.

Olympics 2021: Comparing Every Sports Ball

It might be strange having the Olympics in 2021 (an odd year), but 2020 was anything but normal.

After facing a 12-month delay due to the COVID-19 pandemic, the 2020 Summer Olympics in Tokyo are set to kick off from July 23 to August 8.

In addition to hosting traditional sports like running and aquatics, some sports are being introduced for the first time (karate, skateboarding) or returning after an absence (baseball).

One thing that many Olympic sports share in common? There are 17 different sports that use balls or spheres of some sort, ranging in size and weight. Here are the different balls used in the Tokyo Olympics.

Olympic Sports Balls by Size and Weight

The 2021 Olympics, which are still officially called the 2020 Olympics to keep the four-year cycle and branding consistent, are hosting 339 events across 33 different sports.

17 of those sports use balls or spheres. The official sizes and weights vary from a small diameter of 4cm for table tennis to the largest ball, a basketball with a diameter of 24.35cm.

SportDiameterWeight
Table Tennis4.00cm2.7g
Golf4.27cm45.93g
Tennis6.70cm57.7g
Field Hockey7.48cm163g
Baseball7.50cm149g
(Read more...)

LeagueApps raises $15M to be the ‘operating system’ for youth sports organizations



Youth sports are an integral part of our communities, bringing families together and helping kids all over gain confidence and skills.

Most of us don’t think about all the work that goes into setting up, growing and maintaining these leagues. It’s a lot. Today, LeagueApps, which aims to be the operating system for youth sports organizations, announced it has raised $15 million in a Series B round of funding.

Existing investor Contour Venture Partners led the financing, which brings the company’s total funding since its 2010 inception to $35 million. Major League Baseball and Elysian Park Ventures, the private investment arm of the ownership group of the Los Angeles Dodgers, also participated in the round. 

A slew of new and existing backers also put money in the round including Olympic Gold Medalists Julie Foudy and Swin Cash; NFL veteran Derrick Dockery; Peter J. Holt, chairman of Spurs Sports & Entertainment; Laura Dixon, founder & president of PRO Sports Assembly and investment management firm Hamilton Lane. 

The New York-based company is working to help youth sports organizations, well, be better organized. It has developed registration and management software so that leaders of these sports organizations can better manage the process of running the leagues, communicate more effectively and collect payment more efficiently.

“We’ve built all the tools they need to power their programs,” said Brian Litvack, LeagueApps CEO & co-founder. Those tools include giving these leaders the means to do things like build a website, accept registrations, send messages to (Read more...)