Startup Exit $25M, Women's Summit Recap, NIL & More

May 05, 2023

Friends,

Welcome the Sports Biz Network Cinco de Mayo edition. It’s the newsletter that’s so good you won’t need a chaser. Today, we recap the incredible Women in Sports Virtual Summit, feature a sports biz with a great exit and highlight some trending news around the sports biz web. Let’s get it!

Women In Sports Virtual Summit Recap

If you missed the virtual summit, no worries we got you covered. We had some amazing women go through topics from their journey to Snap Chat’s new creator program, NIL and more! Here are some highlights:

Full Video Here:

Racquel from SnapChat was dropping some must hear knowledge around what athletes (or influencers) can do on Snapchat and other social platforms. Check it out here:

Around The Web: Trending

1/ AI generated mascots are so cool they may put some people out of a job. Check out these images:

2/ Dyson to compete with Beats? Well maybe not, but these new headphones are… interesting?

Dyson Zone air purifying headphones are coming to the US | Engadget

They feature a detachable visor that goes across your face..

www.engadget.com/dysons-949-air-purifying-zone-headset-is-now-available-in-the-us-150040191.html?_hsmi=256151305&_hsenc=p2ANqtz-8DePZURv2wKCMf8vjqEbK6E4lk8bbn8AozyH4pRupWMvSEFqVLLCMIjWwzZC3gvV01lSuG0sBVE2mLHrORYi16iVTH1A

NIL

1/ If you missed the Women in Sports panel on NIL, you should check this out. Charlotte FC was the first (and only) football club to have a NIL program and Tearra breaks it down here:

Featured Story

Have you ever heard of Teamsnap? We’ll they created and sold their company for $25M! Here’s the quick rundown on todays featured story:

In 2016, sports tech startup TeamSnap was founded by Dave DuPont, Ken McDonald, and Andrew Berkowitz. TeamSnap offered a mobile and web-based application that allowed sports teams and groups to manage their activities and schedules.

The platform quickly gained popularity among sports teams and organizations, and by 2020, it had over 23 million users worldwide. In October 2020, TeamSnap announced that it had been acquired by Waud Capital Partners, a private equity firm.

The acquisition deal was worth $25 million, with $5.5 million in venture capital funding from investors. TeamSnap's co-founder and CEO, Dave DuPont, expressed excitement about the acquisition, saying that it would allow the company to accelerate its growth and expand its reach.

Under Waud Capital Partners' ownership, TeamSnap plans to continue its focus on innovation and expansion, with a particular emphasis on improving its user experience and expanding into new markets.

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