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Forbes Topline

This College Screen Printing Firm Raised $2 Million. Now It Wants To Profit From March Madness

Forbes Topline

Forbes

Business News, News, Entrepreneurship, Business

4.86 Ratings

🗓️ 26 March 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

Campus Ink CEO, Steven Farag, speaks with Forbes Senior Writer and Editor, Jabari Young, about his business selling t-shirts and splitting revenue with NCAA athletes. Campus Ink announced a $2 million raise with investors, including WNBA team owner Renee Montgomery. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Who doesn't love a good t-shirt and with March Madness and St. Patrick's they here meet the company that's making millions around just that taking you inside the screen printing business right here at the Nasdaq market site.

0:11.5

Hello everyone, this is Jabbar Young, senior editor at Forbes and I am at the Nasdaq Market site

0:18.6

joined by Stephen Farag, right?

0:20.4

The CEO of Campus Inc.

0:22.3

That's your name last name, right? I did all right good. I was I was testing there earlier making sure I said it right. Stephen, thank you so much for the time man. Join us at the Mazdaat market site and you have a Nasdaq Forbes exclusive for us, right? You're coming off of a 2 million

0:35.6

reads. Clothes includes our good friend. Renee Montgomery, she is the co-owner,

0:40.1

co-owner of the Atlanta Dream, the WMB team, already had an investor in Mark Cuban, Scrum Ventures,

0:45.7

another venture capital, a firm that's back campus, Inc. take us inside the business

0:49.8

and it's 2 million raises.

0:50.8

What are you going to do with the money?

0:51.8

Well, we have a busy

0:53.8

march ahead of us. Yeah. We are supporting now over 60 teams. 53 universities

1:01.6

were licensed with 90 schools 8,500 college athletes

1:06.2

all selling their official licensed apparel so we've got a lot of work to do and

1:11.4

we're going to use a lot of that capital to invest it in technology to keep helping pay our athletes really well.

1:17.3

Absolutely man listen and I yell a lot to get into about this business the custom screen

1:21.6

printing business and listen this is a custom screen printing business.

1:22.6

Now listen this is a 9.5 billion dollar industry and the screen

1:26.3

printing or pair of printing takes up about 4 billion of that figure according to

1:30.1

IBS.

1:31.4

The screen printing business is a very interesting business right now I was

1:33.9

listening to your story and you started off printing t-shirts Brian

...

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