Weekly Roundup: Business of Athletes, Sports, & NIL (August 28-Sept 3)

<p></p><p><strong>Audio Timeline:</strong></p><p>0:35 - <strong>Feel good stories</strong></p><p>* Lacrosse player makes NFL roster and raising money for baseball disability </p><p>2:10 - Business of Athletes/Sports</p><p>* <strong>Tim Tebow</strong> is investing in a Jacksonville expansion franchise that will compete in The United Soccer League (USL). </p><p>* <strong>ALT Sports Data</strong> has completed its initial $1.5M Seed Round funding to expand its sports trading and consumer data operations. </p><p>* <strong>Nike</strong> has generated the highest amount of <strong>NFT sales</strong> amongst brands, bringing in over $183M. </p><p>* <strong>Yankee Global Enterprises</strong> will purchase a minority stake in defending Serie A champions <strong>AC Milan</strong>. <strong>Lebron James</strong> and <strong>Drake</strong> are part-owners through their partnership with Main Street Advisors. </p><p>* <strong>SeatGeek</strong> is now valued at over $1B after completing their $238M Series E led by Utah Jazz owner Ryan Smith, Accel, Arctos Sports Fund, and Wellington Management.</p><p>* <strong>Minor League baseball</strong> groups will now have an opportunity to unionize with the help of an MLBPA campaign launched in partnership with <strong>Advocates for Minor Leaguers</strong>.</p><p>* Predictive analytics company <strong>nVenue </strong>has received $1 million in new strategic funding from <strong>EBCI Holdings</strong>. </p><p>9:45 - <strong>Name, Image, and Likeness</strong></p><p>* Pro athlete paying college athletes to promote himself (it’s strange)</p><p>* South Carolina’s innovative in-house NIL development</p><p>* Quarterback buys the entire team $500 suits</p><p>Interesting Stat</p><p>When Serena won her first US Open match... </p><p>* Tom Brady had not thrown his first Michigan TD pass. </p><p>* LeBron James had not made his high school debut.</p><p>* Gregg Popovich was 106th on the all-time wins list.</p><p>* Tim Duncan was the reigning NBA rookie of the year.</p><p>Short Passage of The Week:</p><p><strong>This Month, I Will…</strong></p><p>* Be honest with myself.</p><p>* Lean into the beauty of self-trust.</p><p>* Cultivate daily moments to experience joy.</p><p>* Release all habits that diminish my power.</p><p>* Let go of limiting beliefs that do not serve me.</p><p><em>Passage by The Daily Coach</em></p><p>Tweet(s)</p><p>Here’s a thought-provoker:</p><p>Personally, I agree that society will consume less alcohol going forward (but don’t think it will become as taboo as cigarettes). </p><p>Kids smoke vapes and e-cigarettes at an alarmingly high rate. </p><p>And alcohol consumption is less for two reasons:</p><p>* not as many blue-collar workers</p><p>* more marijuana use</p><p>Every generation has its vices — they evolve and show up in slightly different ways. </p><p>Financial Jargon</p><p>When it comes to money, we all have unique mindsets…</p><p>Iman Shumpert’s belief system is one many of us have (but maybe don’t realize) 👇</p><p>Takeaway:</p><p><strong>I’m a firm believer in making “self-investments”. </strong></p><p>If you’re able to spend $500/month on clothes…why not invest in your side hustle, business, or career skills?</p><p>If you have no problem dropping $20 on candy at the gas station…why not the new book or yoga class?</p><p>Investing in yourself is powerful (and has an extremely high ROI)! </p><p>Quote</p><p>“Resist the urge to obsessively compare your life journey — which you know intimately well, compared to other people’s highlight reels — which you see in passing.” - Michell C. Clark</p><p>Thanks for tuning in today! </p><p>Have an awesome Labor Day weekend — take some time to relax and clear your mind, you earned it. </p><p>We’ll talk again on Wednesday. </p><p>Peace,</p><p>-AP</p><p>Extra Credit</p><p>I had a great conversation with Merav Savir about the business of athletes and future of sports. </p><p>Infront Labs hosts one of Europe’s top sports podcasts so it was an honor to be includ