Alexis Ohanian: The Full P&L Breakdown of the World's Most Valuable Women's Sports Team | E1187

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. ----------------------------------------------- Timestamps: (00:00) Intro (01:46) From Tech Success to Sports Ownership (19:40) Managing Ongoing Costs in Sports Ownership (23:03) Navigating Media Rights & Negotiations as a New Sports Owner (30:22) How Much Revenue is From Merch? (38:21) Media Strategy: Impact on Team Culture & Performance (52:23) How Private Equity is Shaping the Future of Sports (55:38) Lack of Tech Awareness & Fan Engagement (01:00:51) Content Creation in Sports: What Media Takes a Hit? (01:03:09) Investing in MrBeast (01:12:16) Quick-Fire Round ----------------------------------------------- In Today’s Discussion with Alexis Ohanian We Touch On: 1. $33M 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 $33M 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? ----------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on Twitter: https://twitter.com/HarryStebbings Follow Alexis Ohanian on Twitter: https://twitter.com/alexisohanian Follow 20VC on Instagram: https://www.instagram.com/20vchq Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact ----------------------------------------------- #20vc #harrystebbings #alexisohanian #sevensevensix #venturecapital #partner #angelcity #mrbeast #football #serenawilliams #ai #reddit #doordash