
The a16z Show New Fan Engagement Models for Athletes and Influencers
May 26, 2020
Spencer Dinwiddie, an NBA player for the Brooklyn Nets, discusses his groundbreaking platform that allows fans to invest in his earnings through blockchain technology. This conversation highlights the evolution of fan engagement, focusing on how social media reshapes athlete-fan dynamics. Dinwiddie, along with tech expert Jeff Jordan and crypto pioneer Jesse Walden, explores innovative investment models, the impact of cryptocurrencies in sports, and the future of community ownership in athletics, all aimed at creating deeper connections with fans.
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NBA's Resistance to Innovation
- The NBA initially resisted Dinwiddie's platform due to concerns about liability and disruption of the power dynamic.
- Dinwiddie argues that embracing innovation is crucial for the NBA's long-term survival and fan engagement.
Growing Interest in Fanchise Model
- About two dozen athletes from various sports have expressed interest in replicating Dinwiddie's Fanchise model.
- This signifies a growing trend of athletes seeking greater control over their revenue and fan engagement.
Shift in Athlete Investment and Branding
- Athletes' investment focus has shifted from traditional assets like car dealerships to the tech world.
- Social media has empowered athletes to define their own brands, unlike the past where gatekeepers controlled their image.
