#21: Vinit Bharara - CEO, Co-Founder Mojo | Building the first ever sports stock market | Raising $100M as a startup | How to find co-founders | Why now is the time to build in sports
Feb 28, 2023
32:18
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Vinit Bharara is a successful entrepreneur having founded and sold multiple companies:
The Pit (acquired by Topps)
Diapers.com (acquired by Amazon)
Some Spider Studios (acquired by Vox Media)
Vin is business partners with the owners of the Minnesota Timberwolves (Marc Lore and MLB legend Alex Rodriguez).
You’ll enjoy this episode as we discuss Mojo and other sports + entrepreneurship topics.
Chapters:
(01:05) Vinit’s entrepreneurial background
(02:00) How do you find co-founders?
(04:15) Why now is the time to build in sports?
(06:30) Differences in raising $100M vs. typical seed round
(09:40) Backstory of Mojo (a stock market for athletes)
(11:50) Marketing tactics and CAC/LTV
(16:10) Expansion and future initiatives (micro betting/media)
(23:40) Insider trading and the rise of alternative asset platforms