Alexis Ohanian is the Founder and General Partner of Seven Seven Six, an early-stage venture capital firm with $970M AUM. Prior to 776, Alexis was the Co-Founder of Initialized, one of the most successful early-stage firms in history with their first fund returning 56x DPI. Before Initialized, Alexis was a Partner at the world-famous Y Combinator and before that was one of the Co-Founders of Reddit.
In Today's Discussion with Alexis Ohanian We Touch On:
1. $31M in Revenue: The P&L of a Sports Team:
- What are the core revenue drivers for Angel City Football Team?
- How did Alexis convince Tony @ Doordash to write the largest-ever brand sponsorship check to have the Doordash name on the Angel City shirt?
- How much money does Angel City make from ticket sales per year?
- What does the revenue from merchandise look like for Angel City? How has it changed with time?
2. How to Spend $31M Annually To Run a Team:
- What are the single biggest costs in running a sports team?
- Does Alexis believe that salary caps are good or bad for leagues?
- How much money is spent by clubs on content and software today? How should that change?
3. More Cash in Sports Than Ever:
- Prices for teams are at an all-time high. Are we in a bubble for sports assets?
- What remains under-priced and what is over-priced today?
- What are the pros and cons of private equity entering sports ownership in a meaningful way?
- Who is the worst sports team owner who despite his mismanagement, still made billions?
4. Alexis Ohanian: AMA:
- How did Alexis and Serena William's children become millionaires through sports team ownership?
- How did Alexis turn a $10,000 check into $17.1M?
- How did a $10,000 check into a shoe company make Alexis $7M?
- Why does Alexis believe that sports becomes even more valuable in a world of AI?
