Entrepreneurs on Fire Sports Betting: From $0 to $160 Million Exit with Alex Monahan
Jul 10, 2025
Alex Monahan, a Stanford graduate and founder of OddsJam, shares his remarkable journey from passion to profit with a $160 million exit. He emphasizes how following your obsession can uncover industry inefficiencies ripe for innovation. Bootstrapping allowed him to maintain control and focus on user-centric decisions. Monahan reveals how creating engaging content on YouTube not only built a dedicated community but also fueled organic growth in the competitive sports betting landscape.
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Follow Your Passion to Success
- Follow your passion deeply by immersing yourself in the industry before starting a business.
- Working long hours feels easier when you are passionate about the industry you’re building a company in.
From Gambling to Founding OddsJam
- Alex went from loving gambling in college to working as a trader where poker training enhanced his decision-making.
- Seeing no data tool for sports betting odds, he started OddsJam to aggregate live odds and educate bettors.
Bootstrap for Control and Focus
- Bootstrap your startup to maintain full control and make decisions that best serve your product and users.
- Avoid fundraising distractions; fundraising consumes time that could be spent growing the business.