This Week in Startups China moves crypto mining to US + Overtime’s Dan Porter on GenZ basketball league & network | E1235
Jun 22, 2021
Dan Porter, CEO of Overtime, is on a mission to revolutionize youth sports. He discusses Overtime Elite, a groundbreaking basketball league allowing 16-18-year-olds to earn up to $500K, redefining pathways to professional sports. Porter highlights the league's focus on competition, support, and education for aspiring athletes. He also dives into the influence of digital media and how platforms like YouTube and Twitch expand the reach of sports to Gen Z. Meanwhile, he touches on the recent migration of cryptocurrency mining from China to the U.S. and its implications for digital currencies.
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Unequal Sports Medicine Access
- During a scouting trip, Dan Porter witnessed a player with a dislocated finger whose coach delayed treatment.
- This highlighted the inequitable distribution of proper sports medicine and care for young athletes.
College Basketball's Shift
- College basketball has shifted from student-athletes to a system of transferring players seeking exposure.
- This system does not truly benefit the educational aspect of college for these athletes.
Overtime Elite's Revenue
- Overtime Elite's revenue model resembles a pro sports league.
- It includes brand partnerships, group licensing (trading cards, video games), and media rights.