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Alexis Ohanian, the general partner of Seven Seven Six, predicted that professional women’s sports teams will be valued at more than$ 1 billion by 2030.
Photo by Jesse Grant/Sportico via Getty Images
Alexis Ohanian is all in on the path of children’s activities.
At least one professional women’s sports team will reach the$ 1 billion mark by 2030, according to the Seven Seven Six General Partner. The statement was made on Monday evening at Sportico’s Participate in Sports meeting at the Nasdaq Marketplace in New York City.
It’s not the first moment the venture entrepreneur, known for co-founding Reddit, has been optimistic on the future of children’s activities. After all, he co-founded the NWSL team Angel City FC ( which recently sold to Bob Iger and Willow Bay ) and co-created the reality TV series The Offseason with Midge Purce of NJ/NY Gotham FC. He even started love job, Athlos, a women’s sole track and field opportunity.
Serena Williams, a well-known investment and father of tennis player, discussed how engaging in women’s sports properties differs from early-stage startups and how ACFC was started with assistance from Alex Morgan, a former NWSL and USWNT sun turned woman.
” I decided, okay, I got to complete it”, he said after the talk. ” Started talking to existing owners ( about ) buying their teams. And by the close of 2019, had paid a million dollars, which was in exchange for what would later be Angel City FC, in exchange for an development. And the majority of my friends who invest said I may drop all of my money at once.
ACFC has since been pegged as the NWSL’s most valued company at$ 250 million, according to the latest Sportico assessment.
Former WNBA champion Fran Harris and Next 3 founder and Gotham FC governor Carolyn Tisch Blodgett joined Ohanian on stage for the” RISE: The Business of Women’s Sports” panel. The team discussed many topics, from rising group valuations to women-focused company collaborations with leagues and organizations.
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