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Suiting Up with Paul Rabil

Raine Group: PLL Lead Investor

Suiting Up with Paul Rabil

Paul Rabil

Sports, Business

51.2K Ratings

🗓️ 27 November 2018

⏱️ 34 minutes

🧾️ Download transcript

Summary

Time for the finale of Creating the PLL with our final episode of the series, highlighting our lead investor and board -- the Raine Group. Founded in 2009 by Joseph Ravitch and Jeffrey Sine, The Raine Group is an integrated merchant bank advising and investing in high growth sectors of technology, media and telecom. With offices in New York, San Francisco, Los Angeles, London, Shanghai and Mumbai, Raine’s investment portfolio includes (but is not limited to) Draft Kings, Cheddar, VICE, Nitro Circus, SoundCloud, and…the Premier Lacrosse League. Topics on the show range from a discussion on the PLL launch, our corporate strategy, financing, and the future of sport – but not just lacrosse...we discuss major sports properties like the UFC, NFL, and MLB, noting differences and similarities to our business approach in lacrosse. I think you’ll hear why having a strategic lead investor is mission critical to a company’s road to success. It’s actually more rare than it is common. Two PLL board members join me from Raine – Colin Neville and Rob Pietroforte. Enjoy the final episode of Creating the PLL. Suiting Up is a show that explores the psychology, playbook of tools, and strategies of the most influential people in sports, entrepreneurship, and entertainment.

Transcript

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0:00.0

Rob and I was joking last week or two weeks ago whenever we announced.

0:07.0

You know, I said, we've done a lot of pretty transformational high profile deals over the course of rain.

0:14.2

I've had more inbounds about the PLL

0:17.0

than any other project I've been a part of,

0:19.0

which is mind-blown to me.

0:20.7

Because I know there was always a lot of lacrosse players spread around Wall Street,

0:24.8

but this was not, you know, just outreach from people that play lacrosse.

0:28.5

It was people saying this is so exciting.

0:30.5

You know, I think that's a testament to you and Mike and frankly

0:34.2

your your energy around this. It's been insane to watch you guys accomplish so

0:40.1

much and in so little time but you know I think that's we're onto something here.

0:45.6

Hey everyone and welcome to an all new episode of Suiting up

0:50.8

podcast this is a special edition of creating the PLL and it's the last one in this series.

0:56.3

I'm Paul Rabel, a co-founder and chief strategy officer of the Premier Lacrosse League.

1:00.3

And over the last five weeks, post-launch, we've had a variety of guest interviews

1:04.6

and recaps, plus updates on the progress of the business.

1:07.8

It's been unique to this show.

1:09.6

And on today's episode, I get to sit down with our lead investor, the Rain Group, and among

1:15.0

reminiscing around our launch we talk about corporate strategy, financing, and the

1:19.9

future of sport. I think you'll see why having a strategic lead investor is what we like

1:24.8

to call mission critical to a company's success. And it's rare in business that something

1:30.0

can come together almost in a way of instant chemistry.

...

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