MI101: The Business of Sports w/ Dan Soviero

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6 • 592 Ratings

🗓️ 14 July 2021

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 6:38 - 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 17:46 - How to form a relationship with the NLL and other professional leagues to become the official ball 25:07 - 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 26:47 - How Signature Lacrosse competes in a competitive industry and what makes them different from other lacrosse equipment companies 31:22 - If hiring athletes and ex-athletes is the best employment strategy 32:28 - Why choosing to do equity crowdfunding is a good source for raising capital 41:43 - What Dan’s long-term goal with Signature Lacrosse is 44:41 - The habits or principles Dan has 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. Get more FREE content from Robert Get a FREE audiobook from Audible 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 SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with Dan Soviero: 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 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.
0:02.3	Other than that, I'd say reading.
0:03.7	Reading is something that I did not value as a kid, and it's something that has been instrumental.
0:12.2	On today's episode, I talk with Dan Soviro about how he decided to drop out of college and become an entrepreneur. How he formed a relationship with the National
0:21.0	Lacrosse League and other sports league to build his business, how he used equity crowdfunding
0:25.9	to raise money for his business, what that process is like and what it costs. And we talk about
0:30.7	a bunch of other stuff as well. I'm personally a big sports fan, and I of course love business
0:36.4	and entrepreneurship and investing. So being able
0:39.2	to combine the world of business and sports is always interesting to me. And that's why I enjoyed
0:45.9	this conversation with Dan. I hope you guys enjoy it too. Let's dive right in.
0:51.4	You're listening to Millennial Investing by the Investors Podcast Network, where
0:55.9	your host, Robert Leonard, interview successful entrepreneurs, business leaders and investors
1:01.0	to help educate and inspire the millennial generation.
1:17.2	Hey everyone. welcome back to the millennial investing podcast. As always, I'm your host, Robert Leonard, and with me today, I have Dan Soviero. Welcome to the show, Dan.
1:22.5	Robert, thanks for having me. Really appreciate it. excited to be here.
1:27.2	There are a lot of different things I want
1:29.5	to talk with you about today. But before we get into those topics, tell us a bit about yourself
1:34.3	and a quick rundown on your background. Yeah. So my name's Dan Soviero. I'm a former Division
1:41.2	1 lacrosse player turned serial entrepreneur and recently named to the Forbes
1:46.8	30 under 30. I launched signature lacrosse in 2016 and over the past five years, we've built
1:53.5	multiple patented problem solving product, achieved over 10 million in lifetime sales,
1:58.7	and really built a foundational brand to scale.
	...

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