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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: The Business of Sports w/ Dan Soviero

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 13 October 2023

⏱️ 49 minutes

🧾️ Download transcript

Summary

Dan Soviero talks about how he decided to drop out of college and become an entrepreneur, how he used equity crowdfunding to raise money for his business, and much more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:38 - Things to consider when deciding to drop out of college.  13:37 - What the NLL is and how it’s different from the MLL and PLL, which have now merged. 19:06 - How to form a relationship with the NLL and other professional leagues to become the official ball. 26:27 - What it means from a business perspective to be the exclusive provider or official ball of a sports league and what the strategy and goal are with a relationship like this. 26:27 - What Dan’s long-term goal with Signature Lacrosse is.  32:42 - What the benefits of hiring athletes are. 33:06 - How Signature Lacrosse competes in a competitive industry and what makes them different from other lacrosse equipment companies. 33:48 - Why choosing to do equity crowdfunding is a good source for raising capital. 47:21 - The habits or principles Dan have incorporated into his life that have lead to his success. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Lewis Howes’ book The School of Greatness. Gay Hendricks’ Book The Big Leap. Gary Vaynerchuk’s book Crushing It! Lori Greiner’s book Invent It, Sell It, Bank It! All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Dan: Website|Instagram | Facebook | LinkedIn Connect with Robert: Website | Instagram HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:02.4

On today's show, we're re-sharing some of the older episodes that are my favorites for a few reasons. One, we get a bunch of new listeners each week, so new listeners may not have heard this episode before. Two, even if you've been listening for a while, you may have missed this episode when it originally came out. Or three, even if you've heard it before, it could be a great episode to learn from again. If you've already heard this episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that. And you can pick up with our new episodes next week. That's all I had for you for this new intro. Everything going forward is going to be from the original episode. I hope you guys enjoy it. Other than that, I'd say reading. Reading is something that I did not value as a kid,

0:41.5

and it's something that has been instrumental.

0:47.0

On today's episode, I talk with Dan Soviro about how he decided to drop out of college

0:52.3

and become an entrepreneur, how he formed a relationship

0:55.1

with the National Lacrosse League and other sports league to build his business, how he used

0:59.7

equity crowdfunding to raise money for his business, what that process is like and what it costs.

1:04.8

And we talk about a bunch of other stuff as well. I'm personally a big sports fan, and I, of course,

1:10.5

love business and entrepreneurship and

1:12.2

investing. So being able to combine the world of business and sports is always interesting to me.

1:19.1

And that's why I enjoyed this conversation with Dan. I hope you guys enjoy it too. Let's dive right

1:25.0

in. You're listening to Millennial Investing by the Investors Podcast Network, where your host, Robert

1:31.7

Leonard, interview successful entrepreneurs, business leaders and investors to help educate

1:37.0

and inspire the millennial generation. Hey, everyone.

1:49.0

Welcome back to the Millennial Investing Podcast.

1:51.3

As always, I'm your host, Robert Leonard.

1:53.1

And with me today, I have Dan Soviero.

1:55.9

Welcome to the show, Dan.

1:57.3

Robert, thanks for having me.

1:59.0

Really appreciate it.

2:00.0

Excited to be here.

2:02.1

There are a lot of different things I want to talk with you about today. But before we get

...

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