Season 4, Episode 1: ESPN
Acquired
00:00
Seizing Opportunity and Investment in Sports Broadcasting
An entrepreneur, Bill, secures a contract for broadcasting games not covered by major networks, realizing the untapped potential of NCAA tournament games. After obtaining the contract, Bill's company receives a $15 million investment, equivalent to 85% ownership, leading to rapid company growth. The investment was considered substantial, essentially covering multiple funding rounds at once. Additionally, an agreement with Anheuser-Busch also shaped the company's financing strategy.
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