David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303) скачать в хорошем качестве

David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)

This sponsored insight features David Abrams, Founding Partner of Velocity Capital Management. Velocity is a newly formed firm that focuses on investing with founders to build best-in-class sports, media, and entertainment companies. Our conversation covers David’s background, long experience in distressed investing on Wall Street and at Apollo, and personal investments in sports-related businesses that led to serving at CIO of Harris Blitzer Sports & Entertainment. We then turn to the formation of Velocity, the firm’s focus, deal sourcing, diligence process, value-added ownership, and example of its investment in the X-Games. Show Notes: (01:31) Wall Street in the late 1980s (02:57) David’s background (08:41) Investing in European distressed at Credit Suisse (14:41) Building a business inside Apollo (17:41) Operating experience and lessons learned (25:23) Joining HBSE (28:27) Formation of Velocity (30:13) Velocity’s focus (32:59) Opportunity set in sports ecosystem (34:22) Sourcing deals (37:22) Due diligence process (40:15) Value added ownership (41:38) X-Games investment example (46:24) Team and advisors (48:25) Capital raising environment (49:50) Closing questions Subscribe to the mailing list: https://capitalallocators.com/ Access Transcript with Premium Membership: https://capitalallocators.com/signup/ Subscribe on Apple Podcast: https://podcasts.apple.com/us/podcast... Follow Ted on Twitter:   / tseides   Follow Ted on LinkedIn:   / tedseides   Original Publish Date: 03/23/2023