Legal sports gambling is inspiring entrepreneurship and innovation. Wayne Kimmel is a sports tech venture capitalist, entrepreneur and author of Six Degrees of Wayne Kimmel.
He is the Managing Partner of SeventySix Capital, the venture capital company he founded in 1999, and invests in startup consumer facing tech companies in the sports tech, sports betting, esports and retail industries. Among the Fortune 500 companies that have acquired his portfolio companies are Aramark, Intel, IBM, Walgreens and Yahoo! His partners at SeventySix Capital are Jon Powell, a leading real estate executive, and Ryan Howard, MLB legend and World Series Champion.
Wayne and his team recently launched the SeventySix Capital Athlete Venture Group, which allows professional athletes to invest, learn, and work directly with top sports tech startups and entrepreneurs. The firm aims to bridge the gap between athletes, entrepreneurs, and investors by creating opportunities for athletes to become tech investors and for entrepreneurs to access the financial and social capital that professional athletes have to offer. Athlete Venture Group members include Ryan Howard, DeMarco Murray, Ralph Sampson and Brian Westbrook. SeventySix Capital also has a partnership with Rubicon Talent, a sports marketing and talent agency based in New York City.
SUMMARY
In this video the following topics are discussed:
Startup sports tech companies
The criteria for startup selection
Selecting people who are “nice” and why
Sports betting startups
Athlete venture group
The overturn of PASPA
How will people talk about sports and sports betting: VSiN and Brent Musburger
A media studio inside a Sports Book
From a 5B to 500B industry for sports betting
To be innovative you must do things that people do not understand
Next generation sports book at the Sacramento Kings arena
ShotTracker
Predictive analytics and the casino Operator
Getting into the sports industry as a young college graduate
The startup profile to be considered at SeventySix Capital
SwishAnalytics
If you are passionate about sports and technology the timing is right
Athletes thinking of themselves as entrepreneurs
Regulated sports betting is an exciting time to be doing business
NOTES
SeventySix Capital: Wayne Kimmel
ShotTracker
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