Weekly Roundup: Business of Athletes, Sports, & NIL (August 7-13)

<p><strong>Audio Timeline:</strong></p><p>1:25 - <strong>Feel good stories</strong></p><p>* <strong>Oscar Tshiebwe</strong> doing big things with his $2.5M of NIL money</p><p>2:20 - Business of Athletes</p><p>* <strong>Jake Paul </strong>raised $50M for his new micro betting platform <strong>Betr</strong>, athlete investors include Ezekiel Elliot, DeSean Jackson, Richard Sherman, Braxton Berrios, and Dez Bryant. </p><p>* Philadelphia Eagles’ running back <strong>Haason Reddick</strong> has joined <strong>R7 Energy Drink </strong>as an investor and brand ambassador. </p><p>* Looking like British Open winner <strong>Cam Smith</strong> will accept a $100M deal to join LIV Golf.</p><p>* The <strong>African Super League</strong> (soccer) is launching next August with over $100M in prize money between 24 teams. </p><p>* Pittsburgh Pirates 3rd baseman <strong>Ke’Bryan Hayes</strong> is opening a metaverse-based store with web3 blockchain platform <strong>HUMBL.</strong></p><p>* <strong>Serena Williams</strong> announced her upcoming tennis retirement, along with leading a $5M Series A for the mental health and wellness company <strong>Wondermind.</strong></p><p>9:05 - <strong>Name, Image, and Likeness</strong></p><p>* $1B TV Deal</p><p>* Jim Harbaugh on getting athletes paid</p><p>* The very first college athlete investor</p><p>* $36,000 for every football and basketball player</p><p>14:30 - Future of Sports</p><p>* The hatmaker, <strong>New Era</strong>, closed a $700 million fundraising round led by <strong>ACON</strong> <strong>Investments </strong>— the NBA, NFL, and MLB also participated. </p><p>* <strong>Overtime </strong>completed a $100 million Series D, co-led by Liberty Media. Several investors doubled down including Jeff Bezos and Sapphire Sport. </p><p>* <strong>Ticketmaster</strong> has partnered with <strong>TikTok</strong> for selling tickets natively. </p><p>* <strong>3STEP Sports</strong>, the nation’s largest youth sports event operator, has acquired Chicago based<strong> Sports Made Personal</strong> (SMP).</p><p>Interesting Stat</p><p>This is wild:</p><p>According to Echo Research, the average amount spent by sports fans each year is $725. </p><p>Sports are also pretty recession-proof — with 76% of respondents saying they wouldn’t change their spending on sports. </p><p>Short Passage of The Week</p><p>Which zone are you living in and leading from the most right now? </p><p><strong>Zone 1: </strong><em>The Comfort Zone</em></p><p>* Feels safe and in control</p><p><strong>Zone 2: </strong><em>The Fear Zone </em></p><p>* Affected by others’ opinions. Finds excuses instead of solutions. Self-doubt gets the best of most situations. </p><p><strong>Zone 3: </strong><em>The Learning Zone </em></p><p>* Acquire new skills while extending beyond the comfort zone and dealing with challenges and problems.</p><p><strong>Zone 4: </strong><em>The Growth Zone</em></p><p>* Set new goals and conquer objectives while living your dreams and finding a deeper purpose.</p><p>“You never change your life until you step out of your comfort zone; change begins at the end of your comfort zone.”</p><p><em>Passage by Roy T. Bennett</em></p><p>Tweet(s)</p><p>David Beckham with a masterclass on leverage and long-term thinking👇</p><p>According to the latest data, roughly 90% of startups fail.</p><p>Knowing what percentage of businesses fail and why they fail can help startup owners manage risks and ensure that their new business succeeds.</p><p><strong>Key Statistics</strong></p><p>* 20% of new businesses fail within the first two years.</p><p>* 45% of new business startups don’t survive the fifth year.</p><p>* 65% of new startups fail during the first ten years.</p><p>* 75% of American startups go out of business during the first 15 years.</p><p>Go defy the odds!</p><p>Quote</p><p>“Simple is the ultimate sophistication” </p><p>Thanks for taking the time to go through this today!</p><p>Enjoy the rest of your day and we’ll talk tomorrow. </p><p>Pea