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Speaker 1: This is Bloomberg Business of Sports, where in a situation

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Speaker 1: that we haven't dealt with in modern times, the pandemic

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Speaker 1: here has really accelerated the investments that we've been advocating

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Speaker 1: for for a year. From a macro standpoint, I think

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Speaker 1: our sport industry is really forced to look at the

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Speaker 1: business a little bit differently. In depth conversations with the

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Speaker 1: leaders in the sports industry and he sport, there's a

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Speaker 1: good admiration we're still moving forward with part of something

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Speaker 1: much bigger than the sport. Right now, the health and

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Speaker 1: tradustry of our stakeholder is a real smart important every moment.

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Speaker 1: I think we're all from a business respective thinking about

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Speaker 1: the impact that the virus is having across the country.

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Speaker 1: In Bloomberg Business of Sports from Bloomberg Radio, Hi, everyone,

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Speaker 1: not Jason Kelly and Mike Lynch, and over the next

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Speaker 1: hour we're going to explore the big money issues in

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Speaker 1: the world of sports, talk to some of the biggest

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Speaker 1: players in the industry. Later on in the show, we're

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Speaker 1: gonna talk with Ben Sherwood, longtime ABC executive now the

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Speaker 1: CEO of Mojo. It's a new app Lots to talk

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Speaker 1: to him about. In the world of technology, media and sports.

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Speaker 1: But first, Lynch, you we got to talk about the

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Speaker 1: big story of the week, that, of course, the car

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Speaker 1: accident involving Tiger Woods. He is recuperating, recovering in a

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Speaker 1: hospital as we tape this on Thursday morning. Uh, we

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Speaker 1: of course are thinking a lot about his health and

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Speaker 1: well being, but we'd be remiss if we didn't talk

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Speaker 1: about the industry, the economy of Tiger Woods and golf.

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Speaker 1: And I think as we think about it, you know,

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Speaker 1: I certainly think back to, you know, the Tiger that

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Speaker 1: we've seen just in the last couple of years, bouncing

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Speaker 1: back again and again. Many do it, but here it

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Speaker 1: is the return to glory. I never thought we'd see

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Speaker 1: anything that could rival the hug with his father, but

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Speaker 1: we just did. That would be the greatest scene in

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Speaker 1: Goes forever. So let's get into the business of Tiger

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Speaker 1: with Jerry Smith, he writes for Bloomberg. He had a

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Speaker 1: great piece this week that really distills it down. He

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Speaker 1: joins us on the phone. Jerry, great to have you

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Speaker 1: with us. So talk to us about the Tiger effect

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Speaker 1: on golf, because obviously the first concern is with his

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Speaker 1: health and safety. But if you are in any business

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Speaker 1: around golf, you know the magnitude that this guy has

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Speaker 1: on the game. Yeah, there's really only a small handful

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Speaker 1: of athletes and sports who are as big of you know,

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Speaker 1: a ratings magnet as Tiger Woods. And if your TV

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Speaker 1: network your CBS, NBC, the Golf channel, Um, you know,

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Speaker 1: it is obviously very disappointing. I think you know, Tiger

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Speaker 1: hasn't been the player that he was in his prime,

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Speaker 1: but certainly all the TV networks are always hoping every

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Speaker 1: time he does pull that he can rekindle the magic

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Speaker 1: and get up on the leaderboard because we've seen time

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Speaker 1: and time again that the ratings when Tigner is in

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Speaker 1: the lead or near the lead are are enormously higher

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Speaker 1: than they would be if he's not. So you know,

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Speaker 1: this is uh, you know, if this is the end

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Speaker 1: of his career or certainly you know this takes a

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Speaker 1: couple of years for him to to recover from these injuries,

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Speaker 1: you know, this is a setback for the TV networks. Hey, Jerry,

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Speaker 1: it's Mike Lynch up in Boston. If he never plays

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Speaker 1: a round of competitive golf again, will he still be

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Speaker 1: and how much of a markable commodity will he be Yeah,

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Speaker 1: you know, I mean if you think about um, I

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Speaker 1: mean just in golf, um, you know, Jack Nicholas, Arnold Palmer, Um,

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Speaker 1: you know, they still had endorsements, um, long after they're

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Speaker 1: playing careers. And then in the broader world of sports.

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Speaker 1: I mean you could look at someone like a Joe

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Speaker 1: Namath or George Foreman who are still endorsing products and

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Speaker 1: making a lot of money doing it, um, you know,

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Speaker 1: long after their competitive days. UM. You know for Tiger, um,

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Speaker 1: you know, obviously the brands that at you know are

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Speaker 1: his sponsors, Nike, which is stuck with him through all

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Speaker 1: of the controversies over the last decade. UM, Taylor Made

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Speaker 1: makes his golf clubs, Bridge Stone makes his golf ball.

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Speaker 1: It's it's disappointing obviously for them, because if he's not

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Speaker 1: playing and he's not in the league, you don't get

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Speaker 1: the the effect of seeing all that on TV, seeing

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Speaker 1: him swinging the Taylor Made club or wearing the red

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Speaker 1: Sunday Nike shirt with the slush on it. Um. You know,

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Speaker 1: there's a lot of value in in Tiger being in

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Speaker 1: the lead, all the people watching him on TV and

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Speaker 1: having your brand front and center. Attached to him. UM.

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Speaker 1: But you know, I mean he is certainly depending on

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Speaker 1: what he does in his post career, there could be

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Speaker 1: opportunities for these brands too to still benefits from being

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Speaker 1: connected to Tiger. Um. You know, maybe he becomes a

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Speaker 1: TV golf analyst and he still wears Nike clothing. Um.

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Speaker 1: You know, maybe there is a way that a brand

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Speaker 1: could attach itself to his recovery. UM. You know, maybe

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Speaker 1: Nike could um you know, still sponsor him and we'd

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Speaker 1: follow the story of him trying to rehab from recovering

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Speaker 1: from this crash. UM. You know. One expert pointed out

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Speaker 1: to me that he has a son who's very young

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Speaker 1: and is a golfing prodigy UM in his own right.

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Speaker 1: And you know, there could be a potential for a

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Speaker 1: brand to sort of attach itself to the story of

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Speaker 1: Tiger mentoring his young son, UM, who is following in

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Speaker 1: his footsteps. So, you know, the brands that are are

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Speaker 1: still sponsoring Tiger, I don't think anybody's expecting that they're

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Speaker 1: going to drop him at anytime soon. UM. You know.

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Speaker 1: The only catch would be if there was some sort

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Speaker 1: of scandal attached to this. Uh, if he were um

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Speaker 1: you know, potentially under the influence, but the early reports

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Speaker 1: from the crash suggest that that's not the case, So

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Speaker 1: you know them, It really is an interesting time. And

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Speaker 1: I think the brands that have stuck with him through

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Speaker 1: all these years are going to continue to do so

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Speaker 1: and could still benefit from him even if he's not

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Speaker 1: competing anymore. Well. And guys, I also think about this

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Speaker 1: notion of you know, even beyond endorsements, when we look

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Speaker 1: at the post playing careers of a number of professional athletes,

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Speaker 1: even going beyond being a pitchman or or a pitchwoman,

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Speaker 1: you know, being an investor. And you know, we're going

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Speaker 1: to hear in a little bit from Alex Rodriguez and

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Speaker 1: and he's got a wide ranging portfolio of investments. You

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Speaker 1: think about the late Kobe Bryant, you know, starting an

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Speaker 1: investment bank, an investment firm, and you know, all of

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Speaker 1: the things that he was doing. You have to think Tiger,

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Speaker 1: as savvy as he is about his own businesses, as

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Speaker 1: smart as he is. I mean, the dude went to Stanford.

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Speaker 1: You know, he has a long life ahead of him

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Speaker 1: in the public world. And there are and you said it, Jerry,

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Speaker 1: there there are very few athletes who have had the

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Speaker 1: level of influence on a game and candidly the culture

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Speaker 1: as Tiger has. Yeah, I mean that's absolutely right. I

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Speaker 1: mean he's one of the most famous athletes in the world,

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Speaker 1: and you know, one of the biggest celebrities in the world.

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Speaker 1: And he could certainly make a lot of money, um

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Speaker 1: as a pitchman for products for for years to come. Um.

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Speaker 1: You know, he can make money from speaking engagements. UM.

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Speaker 1: You know, he's already branched into golf architecture. Um. You know,

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Speaker 1: it seems as though he's already started to become interested

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Speaker 1: in other things besides just competing in tournaments and you know,

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Speaker 1: so there's certainly a lot of things. And you're right.

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Speaker 1: I mean, he's a very savvy guy. And you know,

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Speaker 1: it does seem like if this is the end of

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Speaker 1: his playing career. I don't think it's going to be.

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Speaker 1: I don't think he's just going to disappear and we're

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Speaker 1: not going to see him again. So do you think

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Speaker 1: that would ratches? It's though, as opposed to a returning

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Speaker 1: to competitive golf, I mean, that's going to be priority

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Speaker 1: number one to give it a shot. Right. Well, I

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Speaker 1: think Tiger said many times that he doesn't want to

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Speaker 1: just show up and play in a golf tournament. He

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Speaker 1: only wants to participate if he thinks he can win.

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Speaker 1: And I think a lot would depend on how he

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Speaker 1: recovers from the injuries from this crash. Um. But if

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Speaker 1: he doesn't think that he can get to the level

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Speaker 1: that he once was where he was competing in winning

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Speaker 1: golf tournaments, I don't think he is going to um

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Speaker 1: just show up, um, you know, certainly. I think he's

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Speaker 1: forty five years old. I mean he's a few years

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Speaker 1: away from the senior tour. Um. You know, Phil Nicholson

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Speaker 1: is starting to play on the senior tour now, so um,

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Speaker 1: maybe he'll play a couple of Senior Tour tournaments. But

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Speaker 1: I mean, he's an extremely competitive person. But I also

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Speaker 1: think he is a very proud person and is not

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Speaker 1: going to um rejoin the tour if he doesn't think

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Speaker 1: that he can win. It's interesting too, and I think

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Speaker 1: both of you have have made this observation. Jerry you

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Speaker 1: did in your piece and Lyncha you and I've been

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Speaker 1: talking about it throughout the course of the week. No

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Speaker 1: one comes close in the current era of golf too.

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Speaker 1: And you mentioned it earlier Jerry. You know this notion

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Speaker 1: of the ratings go much higher when Tiger is involved.

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Speaker 1: No one has been able to replicate the storyline of

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Speaker 1: Tiger across professional golf. I mean not even fractionally. Yeah,

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Speaker 1: I mean, I think Tiger was unique in a lot

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Speaker 1: of ways. I mean, he absolutely dominated the game. There

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Speaker 1: was no one really who even was a viable UM

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Speaker 1: number two. UM. And he also had a compelling personal story,

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Speaker 1: and he was, um, you know, a mixed race golfer

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Speaker 1: at a time when the sport was overwhelmingly white. It

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Speaker 1: really still is. UM. So there there aren't a lot

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Speaker 1: of golfers with his personal story. UM. You know, there's

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Speaker 1: a lot of young players on the tour now that

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Speaker 1: I think the TV networks and the end the PGA

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Speaker 1: Tour are trying to promote and highlight. I mean, I

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Speaker 1: think about Brooks, Kapta, Bryce's, the Shambo, Justin Thomas, um.

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Speaker 1: You know, none of them have um really captured people's

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Speaker 1: attention in the same way. And I just think that,

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Speaker 1: you know, Tiger Woods was just such a unique athlete

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Speaker 1: and he really he changed the game of golf in

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Speaker 1: so many ways, brought so many people into the sport,

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Speaker 1: starting with his Master's win in um and I think

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Speaker 1: it's going to be very unlikely that the sport will

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Speaker 1: ever see anyone like him again. But uh, you know,

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Speaker 1: I think that the TV networks have started and the

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Speaker 1: PGA tour of have really started to move on to

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Speaker 1: some of the other players. I mean Tiger, he wasn't

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Speaker 1: playing a lot lately. He's obviously had a lot of

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Speaker 1: back injuries, and when he has played, his performance has

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Speaker 1: been pretty spotty. I mean, he won the nineteen Masters,

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Speaker 1: but um, you know, he hasn't been the reliable presence

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Speaker 1: on the leaderboard that he was, um, you know, in

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Speaker 1: the in the two thousand's. And I think the game

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Speaker 1: has started to move on, but I think everyone still

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Speaker 1: held out hope that he could you know, find his

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Speaker 1: game again and and win some more tournaments. And obviously

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Speaker 1: the TV networks would benefit, the brands that still sponsor

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Speaker 1: him would benefit from that. And now after this car crash,

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Speaker 1: I think, um, you know, a lot of that is

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Speaker 1: really thrown in question, Jerry, if he never plays golf again,

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Speaker 1: who's the winner here? Is that the Discovery Channel with

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Speaker 1: this new deal, he has sort of giving instructional videos

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Speaker 1: and sewing up with celebrities and you know, helping them

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Speaker 1: home their game. Uh yeah, I mean that was something

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Speaker 1: that he signed a deal with Discovery where he is

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Speaker 1: going to be part of their streaming service, uh golf TV. Um.

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Speaker 1: Discovery off the bought Golf Digest, where Tiger provided exclusive

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Speaker 1: um you know, instruction for the magazine. UM you know,

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Speaker 1: even if he doesn't play tournament golf again, uh you know,

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Speaker 1: it's not hard to imagine him still giving lessons and

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Speaker 1: people still wanting to receive lessons from the greatest golfer ever. So,

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Speaker 1: um you know, his his planned days are over, I

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Speaker 1: think that there are still ways that um you know,

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Speaker 1: media companies can can benefit from having him on whether

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Speaker 1: he's giving lessons or if he's doing um you know,

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Speaker 1: on course analysis. Uh you know, I think that Tiger

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Speaker 1: will still be part of the game in some way.

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Speaker 1: Absolutely all right, Jerry Smith, great reporting as always from

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Speaker 1: the Bloomberg News team. That's Jerry Smith of Bloomberg. Let's

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Speaker 1: turn to an interview from earlier this week with A

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Speaker 1: rod That's right, Alex Rodriguez. He's the CEO of a

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Speaker 1: new company called Slam Corp. The chairman of that company

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Speaker 1: is him Manchu Glotti. They joined our colleague Emily Chang

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Speaker 1: because they are joining the spack revolution. That's right. If

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Speaker 1: you've been paying attention to Bloomberg, you know all about

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Speaker 1: special purpose acquisition companies. Well a Rod of course, the

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Speaker 1: former Yankee. He said that the spack world is custom

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Speaker 1: made for them because it levels the wait for it,

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Speaker 1: playing field when it comes to raising money. Check it out.

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Speaker 1: The spack world is custom made for us because we

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Speaker 1: have deal flow coming out of our ears. The barrier

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Speaker 1: to Andrew has been capital and now with a spack

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Speaker 1: we level out the playing field and we can really

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Speaker 1: have a big time competitive advantage and go out and

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Speaker 1: Hamanchu and I think slam bring a lot of value

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Speaker 1: to founders and companies. Interesting, ham on you what kind

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Speaker 1: of companies do you want to buy? What kind of

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Speaker 1: deals do you want to do and with whom? Uh sure,

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Speaker 1: I'd actually love to answer, you know, add on to

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Speaker 1: what alexand because I think that's exactly right. Um. When

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Speaker 1: we think about SPACs, it's actually almost a democratic way

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Speaker 1: for the retail and then certain institutions to get into

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Speaker 1: an I p O before it happens. When you think

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Speaker 1: about I p O s in general, they're they're given

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Speaker 1: to usually to a small subset or a subset of

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Speaker 1: large institutional investors. So there's a lot of people in

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Speaker 1: a lot of retail and institutions that don't get to participate.

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Speaker 1: And for us, we think this is you know, a

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Speaker 1: great way for for the retail community and then others

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Speaker 1: to get in there early. And they also have a

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Speaker 1: put at ten dollars. So to us, we think it's

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Speaker 1: a really interesting product and I think one that's here

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Speaker 1: to stay. Yeah, well that was my next question. Um.

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Speaker 1: You know, when you talk about deal flow outs, you

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Speaker 1: just mentioned there are so many deals coming your way.

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Speaker 1: What kind of deals are you looking for? What is

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Speaker 1: going to be an attractive target for this particular vehicle. Yeah, Look,

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Speaker 1: we look at about a thousand deals per year, about

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Speaker 1: three or four hundred of those where the hunt teas

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Speaker 1: are coming after us, they want to do business with us.

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Speaker 1: We like sports media technology. Anything we do is gonna

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Speaker 1: have a tech you know, should be the backbone of

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Speaker 1: the company, and it's companies where we can get involved,

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Speaker 1: you know, tell the story, get involved with the founders

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Speaker 1: Himanchu or I or maybe both will sit on the

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Speaker 1: board and be very involved. So Uh, whose idea then,

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Speaker 1: was it to do is back Alex. Did the bankers

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Speaker 1: approach you or or vice versa. I think Himantre and

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Speaker 1: I both wanted to do it, and you know, I

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Speaker 1: was a little bit on defence. I would only do

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Speaker 1: it with someone who was best in class from an

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Speaker 1: institutional point of view. Himanta and Antara returned over fifty

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Speaker 1: to their investors this year. They're backed by Blackstone. So

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Speaker 1: you have the perfect storm between what I bring social media,

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Speaker 1: what I bring with my following awareness, and then you know,

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Speaker 1: Himanshu one of the great investors in our game today.

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Speaker 1: I thought one pless one we were ready to do

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Speaker 1: not only is back, but to build a great franchise.

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Speaker 1: Now Himanchu Antara Capital has had quite a remarkable year.

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Speaker 1: That said, spacks, you know, they have been controversial. I

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Speaker 1: was looking at this study out of Stanford looking at

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Speaker 1: the cohorts of SPACs which found that returns were up

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Speaker 1: for the sponsors but down thirty for post merger investors.

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Speaker 1: Is this really a good deal for the public? Um?

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Speaker 1: So that's a really good question. Um. When when you

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Speaker 1: look at SPACs, it's like investing in any other asset class.

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Speaker 1: There's gonna be winners. There's gonna be good losers. There's

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Speaker 1: gonna be good specs, there's gonna be bad specs. UM

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Speaker 1: you know, thinking about hedge funds, mutual funds, all the

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Speaker 1: different institutions, some fair better than others. And I think

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Speaker 1: what you need to be able to do. There are

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Speaker 1: a lot of SPACs out there, and this is why

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Speaker 1: I think our SPAC is is so special. You need

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Speaker 1: to be able to pick and believe in both the

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Speaker 1: management team, UM, their ability to source of deal and

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Speaker 1: have an alignment of interest. And I think we as

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Speaker 1: a Alex and I UM and SLAM corps, we have

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Speaker 1: all those ingredients to be very successful where we believe

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Speaker 1: our spects will come up with a great deal um

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Speaker 1: to be fair. When you look those stats, I can

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Speaker 1: you know we we were invested in certain pipes last year.

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Speaker 1: A good example is Quantum Escape. Quantum Escape was the

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Speaker 1: best performing SPACK of the year. It was up I believe,

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Speaker 1: over seven and has actually maintained most of those gains

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Speaker 1: this year as well. So I don't think everything. Not

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Speaker 1: all SPACs are created equal, and not all sponsors and

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Speaker 1: management teams are created created equal. But I think what

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Speaker 1: Alex and I bring is a best in class sponsor

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Speaker 1: and management team to uh to the spack world or

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Speaker 1: the back area, and I do believe we're going to

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Speaker 1: be very successful. So that is Alex Rodriguez, A Rod

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Speaker 1: the CEO of Slam Corp. Along with the chairman of

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Speaker 1: that company, Hamanshu Glatti. They joined Emily Chang, our colleague

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Speaker 1: of run Bloomberg Technology to talk about that spack. Everybody's

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Speaker 1: got us back these days, including uh, Lyncha. I'm sure

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Speaker 1: you followed this story a little bit. There was almost

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Speaker 1: a speck involving Billy Bean, or there is a speck

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Speaker 1: involving Billy Bean. They almost had a deal to buy

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Speaker 1: your Boston Red Sox. Yeah, that was a big thing

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Speaker 1: that we tried to get a hold of some of

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Speaker 1: the Red Sox people earlier this year. And you can

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Speaker 1: always tell when there's something going on because they don't

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Speaker 1: want to talk exactly know, and many of the people

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Speaker 1: in the Red Sox are not shy of microphones and cameras,

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Speaker 1: but when this subject came up, they were in the bunker. Yeah.

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Speaker 1: And it's interesting. I mean, it sounds like a Rod

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Speaker 1: and Company. They're not They're not going to buy a

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Speaker 1: sports team. They've been asked about that, uh numerous times.

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Speaker 1: They have been approached about buying some sports teams. And

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Speaker 1: you know, it's interesting knowing just enough to be dangerous

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Speaker 1: about these special purpose acquisition companies backs. You know, they

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Speaker 1: have pretty wide remits in terms of what they can buy,

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Speaker 1: and they have become the merger of choice or the

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Speaker 1: tool of choice when it comes to murders and acquisitions.

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Speaker 1: So interesting to see, you know, A Rod to get

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Speaker 1: involved in this not surprising. We know his ambition. We

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Speaker 1: know um that A Rod and his fiancee, Jennifer Lopez

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Speaker 1: j LO tried to buy the Mets got beat out

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Speaker 1: by Stevie Cohen. Uh. Don't sleep on a Rod, No,

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Speaker 1: absolutely not. I mean he's he's a guy like like

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Speaker 1: Michael Jordan's. There's there's an itch uh there, and he

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Speaker 1: needs it scratched, and that he's not going to come

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Speaker 1: back and be a player. But Michael Jordan's, you know,

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Speaker 1: is a part owner of an NBA franchise. And and

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Speaker 1: I think this is the ultimate goal of a Rod

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Speaker 1: right here. I think he wants to be part owner

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Speaker 1: of a major League Baseball team. I think that's the

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Speaker 1: the end game for him. Yeah, It'll be interesting to

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Speaker 1: see how this does figure into all those other ambitions

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Speaker 1: that he has. I mean, he's been active in the

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Speaker 1: venture capital world, and you know, I do think back

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Speaker 1: to our conversation earlier in this week with and dominquin Su.

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Speaker 1: That is one that has really stuck with me in

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Speaker 1: part because I feel like we have definitive evidence now

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Speaker 1: that players current and former are not going to be

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Speaker 1: content to just kind of schill, you know what I mean,

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Speaker 1: you know, and and it came up in our conversation

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Speaker 1: with Jerry Smith as well, this idea that yeah, I mean,

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Speaker 1: you can enduse some products and you know kind of

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Speaker 1: be uh. You know, I think about Shaquille O'Neal in

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Speaker 1: the sense that, like, yeah, he's putting his name on

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Speaker 1: a bunch of stuff like the General Insurance and all

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Speaker 1: of that stuff. And at the same time, like he

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Speaker 1: owned a bunch of five Guys franchises, He was an

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Speaker 1: early investor pre I p O in Google, he owned

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Speaker 1: some Crispy Kreams. You know, these guys are serious business people.

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Speaker 1: You know, years ago, decades ago, they used to be saying,

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Speaker 1: what do you do when the cheering stops? Because and

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Speaker 1: that's when a lot of the athletes started thinking about

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Speaker 1: what am I gonna do now when the contract runs

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Speaker 1: out when they just don't get rehired, when they just

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Speaker 1: when it's over. And I'm surprised at that these players,

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Speaker 1: these players make so much money these days, but it's

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Speaker 1: not enough for them that I think it's just the

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Speaker 1: challenge in the in the need to succeed. I look

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Speaker 1: at Tom Brady with his TV twelve corporation, and he's

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Speaker 1: on Instagram every single day pushing some new product for

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Speaker 1: either oral consume sin or for physical workout. And he's

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Speaker 1: been doing this for a long long time, you know.

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Speaker 1: And Domica Sue with this conversation we had with him

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Speaker 1: earlier this week, was just absolutely fantastic. And you know,

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Speaker 1: he said, you know, all his teammates aren't just sitting

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Speaker 1: around playing video games. A lot of them aren't thinking

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Speaker 1: about what's going to happen when the cheering stops for them.

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Speaker 1: And you know, and a Rod is certainly a guy

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Speaker 1: that is at the top of the list. So Lynchy,

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Speaker 1: that's all about when the cheering stops. Let's turn to

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Speaker 1: when the cheering starts. That's when you're a kid taking

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Speaker 1: the field for the first time. Well, there's an app

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Speaker 1: for that. Let's turn to our conversation with Ben Sherwood.

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Speaker 1: He is the founder and CEO of Mojo. Been really

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Speaker 1: good to have you with us. So much to talk about,

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Speaker 1: but let's start with with Mojo because youth sports is

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Speaker 1: familiar to I'm guessing every single person who is listening

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Speaker 1: to this right now, either as a former participant, a

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Speaker 1: current parent, a recovering parent of a h of an athlete,

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Speaker 1: and aspiring young leet tell us about the genesis of

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Speaker 1: this because to start this is a massive business opportunity. Well,

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Speaker 1: thanks Jason, Thanks Mike. You both know this journey. I

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Speaker 1: was on it myself and I'm still on it. I've

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Speaker 1: got boys who are sixteen and ten, and I've been

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Speaker 1: coaching them for the last twelve years and four different sports,

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Speaker 1: and I've had the most fun of my life out

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Speaker 1: on the fields of West Los Angeles and also the

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Speaker 1: New York areas I've moved back and forth for different jobs,

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Speaker 1: and my wife too. Joyful memories of winds and losses

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Speaker 1: and rain storms and snowstorms, and most of all, the

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Speaker 1: pizza afterwards and the ice cream did somehow make all

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Speaker 1: of the all the games disappear because it's always about

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Speaker 1: the pizza and the ice cream. And along the way,

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Speaker 1: like you, I would marvel that there had to be

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Speaker 1: a better way that I would get off of work

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Speaker 1: at five five rushed to the field to coach a

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Speaker 1: bunch of six year olds. I have no idea what

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Speaker 1: to do on the field, look at the PDF that

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Speaker 1: the league had given me and could not make any

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Speaker 1: sense of the XS and os. Maybe look at YouTube

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Speaker 1: and find something from the Liverpool Football Club training program

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Speaker 1: that was not relevant to six year olds and basically

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Speaker 1: be left alone on the field staring at a bunch

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Speaker 1: of six year olds with that terrifying look in their eyes,

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Speaker 1: which is what have you got for me, coach? And

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Speaker 1: you've got nothing? And so I just thought there's got

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Speaker 1: to be an easier, in a better way, and so

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Speaker 1: that's where we came up with the idea from OJO.

428
00:23:28,359 --> 00:23:31,640
Speaker 1: We are here to help make coaching more fun for parents,

429
00:23:32,960 --> 00:23:36,040
Speaker 1: playing more fun for kids, and the whole experience more

430
00:23:36,080 --> 00:23:39,679
Speaker 1: magical for the family. And we've got all the tools

431
00:23:39,720 --> 00:23:41,920
Speaker 1: and all the answers to basically take you on the

432
00:23:42,000 --> 00:23:46,720
Speaker 1: journey from age four to age fourteen, that sweet ten

433
00:23:46,800 --> 00:23:49,399
Speaker 1: year period and give you as a parent, everything you

434
00:23:49,440 --> 00:23:52,679
Speaker 1: need to make this just the best years in the

435
00:23:52,720 --> 00:23:55,280
Speaker 1: most memorable years, which is basically what we all want,

436
00:23:55,359 --> 00:23:58,720
Speaker 1: just those memories that last a lifetime. So then let

437
00:23:58,720 --> 00:24:00,720
Speaker 1: me ask you to this to have on this on

438
00:24:00,800 --> 00:24:03,760
Speaker 1: this app, whether professional athletes on board, are their college

439
00:24:03,800 --> 00:24:06,399
Speaker 1: coaches are so? Who were? Who were the people you

440
00:24:06,480 --> 00:24:11,360
Speaker 1: drawing the expertise from Mike? What we've got on this service.

441
00:24:11,520 --> 00:24:14,240
Speaker 1: It's a it's an app. It's basically a one stop

442
00:24:14,240 --> 00:24:17,119
Speaker 1: coach in the box, and you you downloaded from the

443
00:24:17,119 --> 00:24:20,159
Speaker 1: app store. We ask you a few simple questions and boom,

444
00:24:20,200 --> 00:24:23,320
Speaker 1: you're actually we generate your first practice for you in minutes,

445
00:24:23,440 --> 00:24:26,240
Speaker 1: depending on the age group, depending upon the experience level

446
00:24:26,280 --> 00:24:28,720
Speaker 1: of the kids, and depending upon your own level of experience.

447
00:24:29,240 --> 00:24:32,280
Speaker 1: And we worked with the world's best childhood development experts,

448
00:24:32,440 --> 00:24:35,680
Speaker 1: some of the world's best coaches. We worked with sort

449
00:24:35,720 --> 00:24:37,960
Speaker 1: of very very best in class, so that we can

450
00:24:37,960 --> 00:24:41,000
Speaker 1: give you a trusted resource. You don't have to wonder

451
00:24:41,560 --> 00:24:43,800
Speaker 1: is this right, is this age appropriate? Is this going

452
00:24:43,840 --> 00:24:46,800
Speaker 1: to be fun? It's all proven. We have hundreds of

453
00:24:46,840 --> 00:24:51,120
Speaker 1: activities on the app for for all ages from four

454
00:24:51,160 --> 00:24:54,080
Speaker 1: to fourteen. We start with soccer that's important. That's our

455
00:24:54,119 --> 00:24:57,080
Speaker 1: first sport, and then we will scale over time to

456
00:24:57,200 --> 00:24:59,800
Speaker 1: baseball and basketball and all of the big team sports.

457
00:25:00,640 --> 00:25:03,840
Speaker 1: And in terms of pro athletes and elite athletes in

458
00:25:03,840 --> 00:25:06,919
Speaker 1: the background, Russell Wilson from the Seahawks is one of

459
00:25:06,920 --> 00:25:10,960
Speaker 1: our founding partners. He's an investor and we we recruited

460
00:25:11,040 --> 00:25:14,120
Speaker 1: Russell not because he's a star quarterback for the Seahawks.

461
00:25:14,119 --> 00:25:16,480
Speaker 1: We recruited him because he's an assistant little league coach

462
00:25:16,640 --> 00:25:19,280
Speaker 1: in San Diego. Believe it or not, here's a guy

463
00:25:19,359 --> 00:25:24,359
Speaker 1: who pro football player drafted in the Major League Baseball draft,

464
00:25:24,920 --> 00:25:27,400
Speaker 1: but he's an assistant little league coach in San Diego,

465
00:25:27,440 --> 00:25:29,480
Speaker 1: and he knows the feeling standing on the third base

466
00:25:29,520 --> 00:25:32,439
Speaker 1: line or the first base line. He knows that the

467
00:25:32,480 --> 00:25:35,040
Speaker 1: whole system, the whole process could be so much easier

468
00:25:35,040 --> 00:25:37,919
Speaker 1: for parents who coach. And we've also got two soccer

469
00:25:38,000 --> 00:25:43,600
Speaker 1: legends involved from the US women's national team, Julie Foudy

470
00:25:43,640 --> 00:25:49,359
Speaker 1: and Brandy Chastain, gold medal winners, twice, World Cup champions twice. Again,

471
00:25:49,720 --> 00:25:53,439
Speaker 1: we recruited them not because they're legends of the soccer field.

472
00:25:53,800 --> 00:25:56,440
Speaker 1: We recruited them because they're both moms they both lived

473
00:25:56,480 --> 00:25:58,720
Speaker 1: the journey, they've both stood on the sidelines. In fact,

474
00:25:58,720 --> 00:26:01,920
Speaker 1: Foudy tells a great story about coaching the Pink Butterflies

475
00:26:02,000 --> 00:26:04,840
Speaker 1: once when she had to step in step in for

476
00:26:04,920 --> 00:26:07,080
Speaker 1: the head coach who wasn't there, and she was terrified,

477
00:26:07,080 --> 00:26:10,240
Speaker 1: and in fact the team lost the game. She was mortified, humiliated,

478
00:26:10,720 --> 00:26:13,760
Speaker 1: and she too feels this need to fix what's wrong

479
00:26:13,840 --> 00:26:17,760
Speaker 1: with kids sports because of the coaches, as you guys know,

480
00:26:17,960 --> 00:26:21,240
Speaker 1: in this age group are moms and dads who were

481
00:26:21,320 --> 00:26:24,600
Speaker 1: volunteering and most of them, about three quarters of them,

482
00:26:24,640 --> 00:26:26,879
Speaker 1: do not actually have any experience in the sport that

483
00:26:26,920 --> 00:26:29,639
Speaker 1: they're coaching, so you're basically walking out onto a field

484
00:26:29,680 --> 00:26:32,440
Speaker 1: you don't know what you're doing. We thought we could

485
00:26:32,440 --> 00:26:35,720
Speaker 1: make this so much easier, stress free, hassle free, save

486
00:26:35,760 --> 00:26:37,480
Speaker 1: you a bunch of time on the front end trying

487
00:26:37,520 --> 00:26:40,399
Speaker 1: to prepare, and give you a much better experience on

488
00:26:40,440 --> 00:26:43,040
Speaker 1: the field with the with the kids. As an aside,

489
00:26:43,080 --> 00:26:45,520
Speaker 1: my favorite used team name of all time came from

490
00:26:45,520 --> 00:26:47,600
Speaker 1: one of my brothers who was playing for a coach

491
00:26:47,640 --> 00:26:50,040
Speaker 1: who was asked to name his team, and he looked

492
00:26:50,080 --> 00:26:52,320
Speaker 1: down into the field and said, I don't know the

493
00:26:52,400 --> 00:26:56,080
Speaker 1: heard of turtles and that actually became their name on

494
00:26:56,400 --> 00:26:58,600
Speaker 1: the schedule because that's what they looked like, chasing around

495
00:26:58,600 --> 00:27:01,720
Speaker 1: the soccer ball. Um. You know, Ben, before we got started,

496
00:27:01,800 --> 00:27:04,400
Speaker 1: we were talking, you know, sort of swapping notes among

497
00:27:04,480 --> 00:27:07,560
Speaker 1: the three of us. You know, there's a lot of

498
00:27:07,640 --> 00:27:11,960
Speaker 1: money in this ecosystem, so tell us about the business

499
00:27:11,960 --> 00:27:15,119
Speaker 1: model and sort of how this comes together as a

500
00:27:15,160 --> 00:27:18,680
Speaker 1: business and the pricing and whatnot. You got it. First,

501
00:27:18,680 --> 00:27:21,199
Speaker 1: I just want to note that naming a team is

502
00:27:21,240 --> 00:27:24,679
Speaker 1: a huge headache, as you guys both know, and in fact,

503
00:27:25,080 --> 00:27:27,080
Speaker 1: in the Mojo app, not only do we have great

504
00:27:27,160 --> 00:27:28,959
Speaker 1: video that you can watch to kind of help you

505
00:27:29,800 --> 00:27:33,480
Speaker 1: figure out the right activities. These are short, fun, entertaining

506
00:27:33,560 --> 00:27:35,680
Speaker 1: videos to show you what you're supposed to look for

507
00:27:35,720 --> 00:27:38,879
Speaker 1: in a particular practice or activity, how you're supposed to

508
00:27:38,920 --> 00:27:41,359
Speaker 1: help the kids with each of the different steps. We

509
00:27:41,400 --> 00:27:44,159
Speaker 1: also have all kinds of content articles in there to

510
00:27:44,200 --> 00:27:46,399
Speaker 1: answer all the questions that a parent, coach and our

511
00:27:46,440 --> 00:27:49,000
Speaker 1: parents gonna have. For instance, how do you name a team?

512
00:27:49,119 --> 00:27:51,280
Speaker 1: And we've got a bunch of great tips from the

513
00:27:51,359 --> 00:27:54,560
Speaker 1: experts on how to name a team that the kids

514
00:27:54,560 --> 00:27:56,320
Speaker 1: are gonna love and that you can live with and

515
00:27:56,359 --> 00:27:59,240
Speaker 1: I think herd of Turtles, Heard of Turtles is perfect

516
00:27:59,520 --> 00:28:03,720
Speaker 1: on the bod this model. Look, we know that parents

517
00:28:03,920 --> 00:28:08,000
Speaker 1: spend billions on youth sports. This is a global market

518
00:28:08,000 --> 00:28:10,480
Speaker 1: that's supposed to grow to about seventy seven point six

519
00:28:10,520 --> 00:28:15,399
Speaker 1: billion dollars by and we know the moms and dads

520
00:28:15,400 --> 00:28:17,560
Speaker 1: in this age group four to fourteen are spending a

521
00:28:17,560 --> 00:28:23,359
Speaker 1: lot on everything from registration to uniforms, to all kinds

522
00:28:23,400 --> 00:28:26,320
Speaker 1: of coaching and the rest. What we've done with Mojo

523
00:28:26,520 --> 00:28:28,760
Speaker 1: is our view is that the playing field isn't very

524
00:28:28,880 --> 00:28:32,040
Speaker 1: level and that youth sports is really divided up into

525
00:28:32,040 --> 00:28:35,200
Speaker 1: halves and have nots. As you know, families from the

526
00:28:35,240 --> 00:28:39,800
Speaker 1: upper quintile upper income families participate in incredible numbers. Something

527
00:28:39,840 --> 00:28:42,360
Speaker 1: like two thirds of the families in middle class and

528
00:28:42,400 --> 00:28:45,960
Speaker 1: above are playing organized sports, and only about a third

529
00:28:46,040 --> 00:28:48,960
Speaker 1: of the families in the lowest court quintile low income

530
00:28:49,000 --> 00:28:52,280
Speaker 1: families are playing sports, which is unfair. So Mojo is

531
00:28:52,480 --> 00:28:55,320
Speaker 1: free to anyone who downloads it in the app store,

532
00:28:55,360 --> 00:28:57,719
Speaker 1: so you can coach a whole season of kids soccer

533
00:28:58,200 --> 00:29:03,320
Speaker 1: for free. One practice, one team that's free. There is

534
00:29:03,360 --> 00:29:06,800
Speaker 1: an upgrade for a year, so it's still about a

535
00:29:06,840 --> 00:29:10,960
Speaker 1: buck sixty a month. It's incredibly cheap, but it unlocks

536
00:29:10,960 --> 00:29:14,440
Speaker 1: a bunch of additional features, additional content. You can coach

537
00:29:14,480 --> 00:29:16,560
Speaker 1: more than one team, and you can also have more

538
00:29:16,600 --> 00:29:19,560
Speaker 1: than one practice a week. Typically for the younger ages

539
00:29:19,600 --> 00:29:21,680
Speaker 1: it's really only one practice a week anyway, but in

540
00:29:21,720 --> 00:29:24,320
Speaker 1: the upper ages sometimes it goes to two or three

541
00:29:24,320 --> 00:29:26,560
Speaker 1: practices a week, so we we allow for that in

542
00:29:26,600 --> 00:29:31,920
Speaker 1: the Mojo Plus offer. But our view is basically anybody

543
00:29:31,960 --> 00:29:34,000
Speaker 1: who wants this should be able to use this, and

544
00:29:34,040 --> 00:29:36,240
Speaker 1: then if you want to unlock some additional features, there

545
00:29:36,320 --> 00:29:39,200
Speaker 1: is an up sell. So Ben, after all, this is Bloomberg.

546
00:29:39,200 --> 00:29:42,000
Speaker 1: We're very interested in where the money comes from. And

547
00:29:42,200 --> 00:29:45,680
Speaker 1: you know you mentioned Russell Wilson earlier on and his

548
00:29:45,760 --> 00:29:49,040
Speaker 1: involvement in some professional athletes, but on the investment side

549
00:29:49,120 --> 00:29:52,280
Speaker 1: as well, a roster of pretty familiar names for our audience.

550
00:29:52,280 --> 00:29:55,000
Speaker 1: It sounds like we are very fortunate that we've got

551
00:29:55,000 --> 00:29:58,200
Speaker 1: an incredible group of investors and backers. They range from

552
00:29:58,320 --> 00:30:01,960
Speaker 1: Tom Warner of Fenway Sports Group, owners of the Red

553
00:30:01,960 --> 00:30:05,400
Speaker 1: Sox and the Liverpool Football Club. He's been a backer

554
00:30:05,480 --> 00:30:08,680
Speaker 1: and investor from the very beginning. Our lead our lead

555
00:30:08,720 --> 00:30:12,479
Speaker 1: investor is Alpha Edison. Venture capital company here in southern

556
00:30:12,520 --> 00:30:17,040
Speaker 1: California and our founding partner there and lead investors, Nick Ralph,

557
00:30:17,600 --> 00:30:21,200
Speaker 1: And we've got also a bunch of NBA basketball investors,

558
00:30:21,200 --> 00:30:26,200
Speaker 1: and we've got consumer technology investors like Brian Lee and

559
00:30:26,240 --> 00:30:31,280
Speaker 1: also the founder and x CEO of Zello, Spencer Raskoff.

560
00:30:31,840 --> 00:30:34,760
Speaker 1: So we've got ut A Ventures which is the talent

561
00:30:34,800 --> 00:30:37,960
Speaker 1: agency out here, and wonder Co, which is Jeffrey Katzenberg's

562
00:30:38,000 --> 00:30:44,760
Speaker 1: investment arm. We have a terrific backers and we are

563
00:30:44,840 --> 00:30:48,840
Speaker 1: just getting started. So, you know, it's fascinating to think

564
00:30:48,880 --> 00:30:54,560
Speaker 1: about this, especially from a content and a consumption perspective,

565
00:30:54,600 --> 00:30:58,760
Speaker 1: which is something you know a little bit about. Having

566
00:30:59,040 --> 00:31:02,320
Speaker 1: you held some of the highest positions in media at

567
00:31:02,360 --> 00:31:06,920
Speaker 1: Disney and at ABC News specifically you produced Good Morning America.

568
00:31:08,120 --> 00:31:11,800
Speaker 1: The media world has changed, technology has changed it. How

569
00:31:11,800 --> 00:31:15,680
Speaker 1: did all of that figure into the creation of this app?

570
00:31:17,520 --> 00:31:19,520
Speaker 1: I left the Walt Disney Company a couple of years ago.

571
00:31:19,560 --> 00:31:22,080
Speaker 1: As you mentioned, I was lucky to run ABC News

572
00:31:22,920 --> 00:31:26,400
Speaker 1: in New York and then ran the Walt Disney Companies

573
00:31:26,440 --> 00:31:30,320
Speaker 1: Television Networks UH in Burbank for about five years. And

574
00:31:30,360 --> 00:31:33,720
Speaker 1: when I left the company, my goal was to do

575
00:31:33,840 --> 00:31:37,400
Speaker 1: something in green fields with technology, where I was not

576
00:31:37,520 --> 00:31:40,040
Speaker 1: having to contend with some of the forces that are

577
00:31:40,080 --> 00:31:44,960
Speaker 1: at work pressuring linear television networks and the broadcasting business

578
00:31:44,960 --> 00:31:47,640
Speaker 1: and the cable business. And I was interested in taking

579
00:31:47,680 --> 00:31:50,160
Speaker 1: everything I had learned at the Disney channels around the world.

580
00:31:50,200 --> 00:31:53,960
Speaker 1: So I was lucky to oversee Disney channels in about

581
00:31:54,000 --> 00:31:56,640
Speaker 1: a hundred and ten countries serving hundreds of millions of

582
00:31:56,680 --> 00:32:01,000
Speaker 1: families with kids young ages UH and I was also

583
00:32:01,200 --> 00:32:03,960
Speaker 1: co chair of the Hulu board for about five years.

584
00:32:04,440 --> 00:32:06,840
Speaker 1: I wanted to take all of those experiences and combine

585
00:32:06,880 --> 00:32:09,239
Speaker 1: them in an area of tremendous personal passion, which, as

586
00:32:09,240 --> 00:32:12,640
Speaker 1: we discussed earlier, as youth sports. And my my view

587
00:32:12,720 --> 00:32:17,560
Speaker 1: was that that the youth sports ages four to fourteen

588
00:32:17,720 --> 00:32:22,560
Speaker 1: is sort of this huge opportunity that is almost ignored

589
00:32:22,640 --> 00:32:26,680
Speaker 1: by the sports industrial complex. And here's the reason. The

590
00:32:26,720 --> 00:32:30,040
Speaker 1: big sports brands Nike, Adidas, under Armour, Puma are really

591
00:32:30,080 --> 00:32:33,040
Speaker 1: focused on fourteen to thirty four year olds. They really

592
00:32:33,080 --> 00:32:35,160
Speaker 1: care about you when you get to high school, when

593
00:32:35,160 --> 00:32:38,239
Speaker 1: you're an individual athlete, when you're a high performer, and

594
00:32:38,280 --> 00:32:41,360
Speaker 1: the marketing, the brands, the businesses are all aimed at

595
00:32:41,360 --> 00:32:44,840
Speaker 1: that individual achiever. That you can do it. You can

596
00:32:44,840 --> 00:32:47,120
Speaker 1: get through this, and that with our gear, our equipment,

597
00:32:47,480 --> 00:32:51,400
Speaker 1: you can be like Mike. My view from the world

598
00:32:51,440 --> 00:32:53,840
Speaker 1: of Disney and from those experiences is that there's this

599
00:32:54,040 --> 00:32:57,400
Speaker 1: other space that if you think about kids and that

600
00:32:57,520 --> 00:33:00,959
Speaker 1: kids space and that family space, there are huge, big,

601
00:33:01,000 --> 00:33:04,480
Speaker 1: billion dollar businesses around the world that catered just to

602
00:33:05,080 --> 00:33:08,040
Speaker 1: kids and families. And our view was, here is this

603
00:33:08,200 --> 00:33:12,200
Speaker 1: incredible stage of life when your kids still want to

604
00:33:12,200 --> 00:33:14,440
Speaker 1: be with you, when you get to be out on

605
00:33:14,480 --> 00:33:17,680
Speaker 1: the field with them, whether you're the coach or whether

606
00:33:17,720 --> 00:33:20,720
Speaker 1: you're the parent on the sidelines, and when your life,

607
00:33:20,880 --> 00:33:25,640
Speaker 1: as you mentioned earlier, can really turn into wonderful time

608
00:33:25,680 --> 00:33:27,959
Speaker 1: on the field with your kids as they're growing and learning.

609
00:33:28,400 --> 00:33:30,680
Speaker 1: Our view was, if you could create a business that

610
00:33:30,760 --> 00:33:36,280
Speaker 1: becomes the trusted provider of information content someday, consumer products,

611
00:33:36,360 --> 00:33:40,400
Speaker 1: someday physical experiences for kids, the go to brand for

612
00:33:40,520 --> 00:33:44,160
Speaker 1: the family on that journey from four to fourteen, there's

613
00:33:44,160 --> 00:33:47,360
Speaker 1: a great opportunity there. And so I set out with

614
00:33:47,400 --> 00:33:50,880
Speaker 1: a fantastic partner named Reach Hafner, who's the co founder

615
00:33:50,880 --> 00:33:53,200
Speaker 1: of the company, and as a product and technology was

616
00:33:53,800 --> 00:33:56,719
Speaker 1: We've built an amazing team here in southern California, and

617
00:33:56,760 --> 00:33:59,200
Speaker 1: we're starting, as I mentioned, with soccer, but our plan

618
00:33:59,360 --> 00:34:02,320
Speaker 1: is ultimately to build up to all the major sports

619
00:34:02,320 --> 00:34:04,360
Speaker 1: so that no matter where you are, what season you are,

620
00:34:04,400 --> 00:34:06,440
Speaker 1: where you are in the US or even around the world,

621
00:34:07,640 --> 00:34:10,080
Speaker 1: you will know that Mojo is the place to turn

622
00:34:10,120 --> 00:34:12,759
Speaker 1: to as that trusted resource to guide you, first as

623
00:34:12,800 --> 00:34:15,000
Speaker 1: a parent, coach, but ultimately as a parent of a kid,

624
00:34:15,040 --> 00:34:17,480
Speaker 1: to kind of help your kid have more fun and

625
00:34:17,520 --> 00:34:20,360
Speaker 1: get more out of the sport and make those magical experiences.

626
00:34:20,400 --> 00:34:22,640
Speaker 1: We call the company Mojo for a very specific reason.

627
00:34:22,680 --> 00:34:24,960
Speaker 1: We just think it's a magical time and we want

628
00:34:25,000 --> 00:34:26,880
Speaker 1: to bring the magic back to youth sports for the

629
00:34:27,880 --> 00:34:31,719
Speaker 1: of families and sorry about this, Jason, of families who

630
00:34:31,760 --> 00:34:35,160
Speaker 1: do not have an elite athlete, of families who do

631
00:34:35,200 --> 00:34:37,279
Speaker 1: not end up with a kid going to college to

632
00:34:37,320 --> 00:34:39,440
Speaker 1: play sports. The ninety nine percent of families who we

633
00:34:39,480 --> 00:34:41,920
Speaker 1: think are sort of left behind a little bit by

634
00:34:42,000 --> 00:34:45,640
Speaker 1: the professionalization of youth sports. We're here for them. We're

635
00:34:45,680 --> 00:34:48,719
Speaker 1: here for that ten year period when you just want

636
00:34:48,760 --> 00:34:50,160
Speaker 1: to have a great time with your kids, when you

637
00:34:50,160 --> 00:34:52,160
Speaker 1: want them to learn learn habits that are going to

638
00:34:52,280 --> 00:34:55,000
Speaker 1: last a lifetime, and you want to make wonderful memories.

639
00:34:55,239 --> 00:34:57,640
Speaker 1: Then I was looking that the youth sports have declined

640
00:34:57,640 --> 00:35:00,400
Speaker 1: in the last dozen years or so by some forty

641
00:35:00,400 --> 00:35:04,600
Speaker 1: five to about thirty eight percent participation, but particularly girls.

642
00:35:05,120 --> 00:35:07,520
Speaker 1: I had three daughters, they're in their thirties. I coached

643
00:35:07,520 --> 00:35:10,719
Speaker 1: them and everything from softball to basketball, and I found

644
00:35:10,760 --> 00:35:13,759
Speaker 1: the biggest thing that they got out of that was

645
00:35:13,800 --> 00:35:16,200
Speaker 1: their self worth and self confidence. You know, if they

646
00:35:16,200 --> 00:35:18,520
Speaker 1: could execute a pick and roll or if they could miss,

647
00:35:18,520 --> 00:35:21,279
Speaker 1: just make a free throw. This whole season was successful,

648
00:35:21,320 --> 00:35:24,400
Speaker 1: and I was always battling parents who thought their daughter

649
00:35:24,440 --> 00:35:26,840
Speaker 1: was going to play a Tennessee or Yukon. And I

650
00:35:26,880 --> 00:35:29,600
Speaker 1: think this is just the perfect app for for for people,

651
00:35:29,719 --> 00:35:33,600
Speaker 1: for for that particularly girls at that particular age. Well, Lynchy,

652
00:35:33,880 --> 00:35:37,680
Speaker 1: the thing about about youth sports, as you've noted, is

653
00:35:37,760 --> 00:35:41,760
Speaker 1: that there's a definite divide between boys and girls. Girls

654
00:35:41,840 --> 00:35:45,600
Speaker 1: drop out six times faster than boys. There's a ton

655
00:35:45,640 --> 00:35:48,040
Speaker 1: of reasons, but you identified a few of them. Some

656
00:35:48,080 --> 00:35:51,200
Speaker 1: of them involved body image and self image, some of

657
00:35:51,280 --> 00:35:55,840
Speaker 1: them involved confidence. Some of them involved lack of female coaches,

658
00:35:56,239 --> 00:36:00,600
Speaker 1: lack of female role models. At MOJO, we are attacking

659
00:36:00,640 --> 00:36:03,880
Speaker 1: that problem head on. We we believe that boys and

660
00:36:03,880 --> 00:36:07,120
Speaker 1: girls should get the exact same resources. We believe that

661
00:36:07,160 --> 00:36:09,360
Speaker 1: there should be an equal number of male and female

662
00:36:09,400 --> 00:36:12,080
Speaker 1: coaches for them and inspirations for them in our app

663
00:36:12,719 --> 00:36:16,600
Speaker 1: and we want to actually empower moms out there who

664
00:36:16,640 --> 00:36:20,279
Speaker 1: may be intimidated by getting involved in youth sports to

665
00:36:21,040 --> 00:36:24,000
Speaker 1: make it easier for them to coach. See about seventy

666
00:36:24,080 --> 00:36:26,480
Speaker 1: five percent of the coaches in the youth sports space

667
00:36:26,719 --> 00:36:29,759
Speaker 1: four to fourteen years old. That age group, seventy of

668
00:36:29,760 --> 00:36:32,200
Speaker 1: the coaches are dead and uh and there there are

669
00:36:32,200 --> 00:36:34,719
Speaker 1: obvious reasons for them, but we want to help make

670
00:36:34,760 --> 00:36:38,840
Speaker 1: it easier for moms to to step out on the field,

671
00:36:38,840 --> 00:36:41,680
Speaker 1: make it less intimidating, organize it all for them. Lots

672
00:36:41,680 --> 00:36:44,080
Speaker 1: of moms out there have played sports, no sports and

673
00:36:44,120 --> 00:36:46,120
Speaker 1: are ready to coach, but there are lots of moms

674
00:36:46,400 --> 00:36:48,960
Speaker 1: who feel like it's a lot of pressure, and we

675
00:36:49,000 --> 00:36:50,680
Speaker 1: want to take the pressure out of this. We want

676
00:36:50,680 --> 00:36:51,960
Speaker 1: to take the stress out of it. We want to

677
00:36:51,960 --> 00:36:56,400
Speaker 1: make it easy. And another big dimension of this is

678
00:36:56,480 --> 00:36:59,120
Speaker 1: just the social part of this. You mentioned that a

679
00:36:59,160 --> 00:37:02,880
Speaker 1: lot of your parents when you were coaching, we're expecting

680
00:37:02,920 --> 00:37:05,320
Speaker 1: their kids to go to Division one schools and play

681
00:37:05,400 --> 00:37:08,960
Speaker 1: playing college and I've written an article on the Mojo

682
00:37:09,000 --> 00:37:12,040
Speaker 1: app and on the Mojo website which is Mojo dot

683
00:37:12,080 --> 00:37:16,640
Speaker 1: Sport that basically the headline is sorry Mom, Sorry Dad,

684
00:37:16,760 --> 00:37:20,880
Speaker 1: your kids not going pro. And I think that for

685
00:37:21,080 --> 00:37:23,920
Speaker 1: nine nine point nine nine percent of the parents who

686
00:37:23,960 --> 00:37:26,160
Speaker 1: get involved in youth sports at this age, they may

687
00:37:26,239 --> 00:37:28,960
Speaker 1: have dreams of a college scholarship, they may have dreams

688
00:37:29,040 --> 00:37:33,719
Speaker 1: of the Olympic program, but the statistics overwhelmingly indicate that

689
00:37:34,080 --> 00:37:37,040
Speaker 1: your kids not, your kids not going pro. But there

690
00:37:37,080 --> 00:37:41,480
Speaker 1: are so many benefits to sports besides going pro, Like,

691
00:37:41,880 --> 00:37:46,359
Speaker 1: how about just making friends, how about just get better

692
00:37:46,400 --> 00:37:49,600
Speaker 1: grades in school? How about better scores in school? How

693
00:37:49,600 --> 00:37:53,000
Speaker 1: about less likelihood of smoking cigarettes are getting into trouble.

694
00:37:53,480 --> 00:37:56,840
Speaker 1: How about better jobs when you finished school. How about

695
00:37:56,920 --> 00:38:01,840
Speaker 1: better wages? How about more CEO s or youth athletes.

696
00:38:02,640 --> 00:38:05,239
Speaker 1: So we think there are tons of benefits to this.

697
00:38:05,440 --> 00:38:06,759
Speaker 1: We think that there is a way to try to

698
00:38:06,760 --> 00:38:09,040
Speaker 1: help level the playing field between halves and have nots.

699
00:38:09,040 --> 00:38:11,440
Speaker 1: And we also think there's a way to help girls

700
00:38:11,960 --> 00:38:15,840
Speaker 1: girls play more sports and more moms get involved in sports,

701
00:38:15,840 --> 00:38:18,720
Speaker 1: which is just good overall. Alright, So, Ben I would

702
00:38:18,719 --> 00:38:23,000
Speaker 1: be journalistically delinquent if I didn't ask you at least

703
00:38:23,040 --> 00:38:26,480
Speaker 1: a couple of questions about the broader media landscape, because

704
00:38:26,760 --> 00:38:29,200
Speaker 1: you know, here we're sitting at a time and you

705
00:38:29,280 --> 00:38:31,600
Speaker 1: referenced at sort of what you were seeing as you

706
00:38:31,640 --> 00:38:34,640
Speaker 1: wrapped up your time at Disney, and certainly your involvement

707
00:38:34,680 --> 00:38:37,720
Speaker 1: with Hulu gave you a window into the streaming versus

708
00:38:37,719 --> 00:38:42,200
Speaker 1: the linear world. I've gone through the cord cutting exercise personally.

709
00:38:42,440 --> 00:38:45,440
Speaker 1: Lynch and I were comparing previous cable bills before we

710
00:38:45,480 --> 00:38:49,000
Speaker 1: started this. What do you see happening, especially when it

711
00:38:49,040 --> 00:38:52,319
Speaker 1: comes to the world of sports, because it has been

712
00:38:52,360 --> 00:38:56,160
Speaker 1: sort of the last bastion in many ways of live programming.

713
00:38:56,280 --> 00:38:58,520
Speaker 1: And I know your day job now is looking at

714
00:38:58,560 --> 00:39:01,360
Speaker 1: youth sports, But as you think about sports more broadly,

715
00:39:01,880 --> 00:39:04,000
Speaker 1: at a time when the NFL is going to be

716
00:39:04,040 --> 00:39:07,960
Speaker 1: negotiating its media rights again, how do you get your

717
00:39:07,960 --> 00:39:10,120
Speaker 1: head around where we where we are, and where we go.

718
00:39:11,760 --> 00:39:15,840
Speaker 1: I get my head around it by saying I'm extremely

719
00:39:16,160 --> 00:39:22,520
Speaker 1: lucky that I don't have those headaches. I my my

720
00:39:22,560 --> 00:39:26,200
Speaker 1: good friends are in the trenches fighting it out, and

721
00:39:26,239 --> 00:39:29,640
Speaker 1: I think that, Um, it's a little bit of a

722
00:39:29,680 --> 00:39:33,280
Speaker 1: cliche to say this, but I don't really know where

723
00:39:33,360 --> 00:39:36,160
Speaker 1: this story unfolds and how this goes. I don't know

724
00:39:36,480 --> 00:39:39,359
Speaker 1: how the NFL rights are going to be divvied up.

725
00:39:39,400 --> 00:39:43,319
Speaker 1: I don't know who the winners and losers will be.

726
00:39:43,719 --> 00:39:47,600
Speaker 1: I happen to think that I think that that I

727
00:39:47,640 --> 00:39:50,680
Speaker 1: believe in my friends at ESPN, and I believe in

728
00:39:50,680 --> 00:39:54,160
Speaker 1: in I believe that ESPN has a great hand. But

729
00:39:54,280 --> 00:39:56,640
Speaker 1: I also think that there are all kinds of insurgents

730
00:39:56,719 --> 00:40:00,200
Speaker 1: and disruptors all around. And so all I can say

731
00:40:00,200 --> 00:40:02,279
Speaker 1: his stay tuned, and I wish I could go off

732
00:40:02,280 --> 00:40:04,520
Speaker 1: for you some deeper, profound insight. I talked to those

733
00:40:04,520 --> 00:40:07,480
Speaker 1: folks all the time. I know that they're battling, and

734
00:40:07,600 --> 00:40:10,120
Speaker 1: I don't have any of the answers. But I think

735
00:40:10,160 --> 00:40:15,440
Speaker 1: it's an exhilarating time, incredibly exciting time to to be

736
00:40:15,560 --> 00:40:18,600
Speaker 1: in the business, to be and to be a disruptor

737
00:40:18,680 --> 00:40:23,200
Speaker 1: as well. And I also look at at at all

738
00:40:23,200 --> 00:40:25,440
Speaker 1: the folks who are making the moves towards streaming. I

739
00:40:25,480 --> 00:40:28,000
Speaker 1: look at the success of ESPN Plus, and I think

740
00:40:28,040 --> 00:40:31,759
Speaker 1: that that even the big legacy businesses are making the

741
00:40:31,880 --> 00:40:35,279
Speaker 1: necessary moves to be ready no matter what happens. And

742
00:40:35,360 --> 00:40:38,480
Speaker 1: so I think that the disruptors have some advantages, but

743
00:40:38,520 --> 00:40:40,480
Speaker 1: I also think the legacy businesses have a lot of

744
00:40:40,520 --> 00:40:43,800
Speaker 1: advantages too as they are making some of their adaptations

745
00:40:43,840 --> 00:40:46,920
Speaker 1: to this changing world. Let let me follow that if

746
00:40:46,960 --> 00:40:49,440
Speaker 1: I can just just briefly in this notion of the

747
00:40:49,520 --> 00:40:54,600
Speaker 1: streaming world, because obviously the pandemic did something to it

748
00:40:54,680 --> 00:40:58,440
Speaker 1: feels like accelerate the move towards streaming. And even as

749
00:40:58,480 --> 00:41:01,680
Speaker 1: a consumer, as someone who watches it, you know, obviously

750
00:41:01,719 --> 00:41:04,799
Speaker 1: with a very educated eye, what have you what have

751
00:41:04,880 --> 00:41:08,239
Speaker 1: you made of that? And sort of this this surgeon

752
00:41:08,440 --> 00:41:11,560
Speaker 1: in the power of of streaming. You know, have a

753
00:41:11,560 --> 00:41:13,239
Speaker 1: two and a half year old as well, and let

754
00:41:13,239 --> 00:41:17,799
Speaker 1: me tell you we are we are deep Disney Plus consumers. Um,

755
00:41:19,120 --> 00:41:21,680
Speaker 1: it's been fascinating. I would think to watch for you

756
00:41:22,320 --> 00:41:26,000
Speaker 1: that that disruption, that that you um that you alluded to.

757
00:41:26,719 --> 00:41:29,680
Speaker 1: I love it, and I think no surprise that your

758
00:41:29,760 --> 00:41:32,000
Speaker 1: two year old is locked into Disney Plus. And there's

759
00:41:32,040 --> 00:41:35,239
Speaker 1: a great example of a legacy business. It pivoted a

760
00:41:35,239 --> 00:41:37,880
Speaker 1: couple of years ago and has gone all in it

761
00:41:37,960 --> 00:41:40,800
Speaker 1: with Bob Iger's leadership. And look where they are Disney

762
00:41:40,880 --> 00:41:43,919
Speaker 1: stock is it somewhere near two hundred dollars now? And

763
00:41:44,040 --> 00:41:46,920
Speaker 1: you've got a hundred million subscribers and you're on track

764
00:41:47,000 --> 00:41:51,440
Speaker 1: to to a lot more than that. And that's that's

765
00:41:51,480 --> 00:41:55,680
Speaker 1: a business that that had Netflix had jumped out to

766
00:41:55,760 --> 00:41:58,120
Speaker 1: such a big lead, many people wondered if if anyone

767
00:41:58,160 --> 00:42:01,560
Speaker 1: could ever catch up. Good question. I just think that

768
00:42:01,560 --> 00:42:05,840
Speaker 1: that those trends of accelerated. I would say, in general, Jason,

769
00:42:05,920 --> 00:42:09,120
Speaker 1: I think that most of the trends that we saw

770
00:42:09,360 --> 00:42:13,920
Speaker 1: before the pandemic have merely been accelerated tenfold or a hundredfold.

771
00:42:14,440 --> 00:42:16,520
Speaker 1: So it's not like any of this was a big surprise.

772
00:42:16,600 --> 00:42:21,480
Speaker 1: It's just that being locked up inside for twelve months

773
00:42:21,719 --> 00:42:25,720
Speaker 1: accelerated a lot of different trends, especially as it related

774
00:42:25,760 --> 00:42:28,480
Speaker 1: to consumers wanting to be able to watch when they

775
00:42:28,560 --> 00:42:31,239
Speaker 1: want to watch, watch what they want to watch, and

776
00:42:31,320 --> 00:42:33,920
Speaker 1: have their own choice and really be their own editors

777
00:42:33,920 --> 00:42:37,400
Speaker 1: in chief. I think as it relates to sports fascinating.

778
00:42:38,200 --> 00:42:41,440
Speaker 1: We at Mojo thought that technology would be a friend

779
00:42:41,560 --> 00:42:45,719
Speaker 1: for families, and we thought starting this company right before

780
00:42:45,760 --> 00:42:48,560
Speaker 1: the pandemic, we thought that we would need to educate

781
00:42:48,640 --> 00:42:51,279
Speaker 1: consumers about how great it could be to have a

782
00:42:51,360 --> 00:42:54,399
Speaker 1: coach in your in your pocket, and that you could

783
00:42:54,400 --> 00:42:57,719
Speaker 1: have all of this on one app. The pandemic has

784
00:42:57,760 --> 00:43:03,839
Speaker 1: only accelerated the adoption technology by families, by teams, by clubs,

785
00:43:03,840 --> 00:43:06,760
Speaker 1: by leagues, because of course they have faced the same challenge.

786
00:43:07,360 --> 00:43:09,360
Speaker 1: And there's a lot of data that's emerged in the

787
00:43:09,440 --> 00:43:15,839
Speaker 1: last few months about how teams, clubs, leagues, associations are

788
00:43:15,840 --> 00:43:19,080
Speaker 1: increasingly turning to technology, and that when the pandemic is over,

789
00:43:19,680 --> 00:43:22,200
Speaker 1: despite the huge pent up energy to get back out

790
00:43:22,239 --> 00:43:25,200
Speaker 1: on the field and have fun and play sports, the

791
00:43:25,280 --> 00:43:27,640
Speaker 1: technology is going to still be there and they're going

792
00:43:27,680 --> 00:43:30,240
Speaker 1: to be lots of uses of technology to help teams

793
00:43:30,239 --> 00:43:32,359
Speaker 1: and clubs and coaches do what they need to do.

794
00:43:33,239 --> 00:43:36,239
Speaker 1: Most of that, I would note, is focused on the

795
00:43:36,320 --> 00:43:39,359
Speaker 1: elite athlete and the high school athlete and the over

796
00:43:39,440 --> 00:43:42,680
Speaker 1: fourteen athletes, So most of that energy and that technology

797
00:43:42,760 --> 00:43:45,799
Speaker 1: is focused on the market we talked about earlier, which

798
00:43:45,800 --> 00:43:49,879
Speaker 1: is the older, more expert audience. We still feel there

799
00:43:49,960 --> 00:43:54,239
Speaker 1: is this huge green field of of young families with

800
00:43:54,360 --> 00:43:57,600
Speaker 1: young kids where it's not the kid who takes the

801
00:43:57,640 --> 00:44:00,160
Speaker 1: app outside to practice, because what six year old old

802
00:44:00,239 --> 00:44:02,839
Speaker 1: is going to leave Disney Plus to go with an

803
00:44:02,840 --> 00:44:04,879
Speaker 1: app and go kick a ball against a wall. That's

804
00:44:04,880 --> 00:44:07,360
Speaker 1: not going to happen. We we just don't believe that's likely.

805
00:44:07,920 --> 00:44:12,000
Speaker 1: But it's much more likely that you, Jason, with an

806
00:44:12,000 --> 00:44:15,439
Speaker 1: app like Mojo, would be inclined to ask your kid

807
00:44:15,600 --> 00:44:20,560
Speaker 1: to go outside when when she's ready and kick a

808
00:44:20,600 --> 00:44:22,759
Speaker 1: ball with you with an activity that we show you

809
00:44:22,800 --> 00:44:25,399
Speaker 1: how to do that we guarantee is going to be fun,

810
00:44:26,000 --> 00:44:28,480
Speaker 1: and that that's one more day a week that you've

811
00:44:28,480 --> 00:44:30,719
Speaker 1: got physical activity with your kid, which we think is

812
00:44:30,800 --> 00:44:33,720
Speaker 1: ultimately the wind for most families. Like if you, we

813
00:44:33,719 --> 00:44:36,960
Speaker 1: we've lost the battle with screen time, where the typical

814
00:44:37,080 --> 00:44:39,480
Speaker 1: kid in the United States is spending more than five

815
00:44:39,680 --> 00:44:42,640
Speaker 1: hours a day on a screen and that's not including

816
00:44:42,960 --> 00:44:46,360
Speaker 1: not including school. The typical kid is at five hours,

817
00:44:46,440 --> 00:44:51,239
Speaker 1: not including school. Our view is battle lost. However, if

818
00:44:51,280 --> 00:44:54,399
Speaker 1: we can give you a tool free initially and then

819
00:44:55,120 --> 00:44:57,800
Speaker 1: with some up charges, if there are things specifically that

820
00:44:57,840 --> 00:45:00,239
Speaker 1: you want, if we could give you a tool to

821
00:45:00,320 --> 00:45:02,960
Speaker 1: get your kid outside one more day a week, or

822
00:45:03,000 --> 00:45:05,279
Speaker 1: a couple more days a week, maybe even with you,

823
00:45:05,400 --> 00:45:07,799
Speaker 1: maybe even an activity that's really bonding where you have

824
00:45:07,840 --> 00:45:10,320
Speaker 1: a blast and have a bunch of laughs and create

825
00:45:10,400 --> 00:45:14,160
Speaker 1: memories for a lifetime. We think that that that's that's

826
00:45:14,160 --> 00:45:15,919
Speaker 1: something that a parent is going to want to use,

827
00:45:16,000 --> 00:45:17,800
Speaker 1: and that's something that a kid ultimately will want to

828
00:45:17,880 --> 00:45:20,600
Speaker 1: use too, And ultimately that's really the goal. You know,

829
00:45:20,760 --> 00:45:24,640
Speaker 1: My my my son wrote a wrote a school essay

830
00:45:24,680 --> 00:45:27,520
Speaker 1: a long time ago about his memories of childhood. He's

831
00:45:27,560 --> 00:45:30,799
Speaker 1: sixteen now. But what made me super happy and my

832
00:45:30,840 --> 00:45:33,319
Speaker 1: wife super happy was that kicking a ball with us

833
00:45:33,320 --> 00:45:35,960
Speaker 1: in the backyard, throwing a ball with us in the backyard,

834
00:45:36,560 --> 00:45:41,280
Speaker 1: shooting hoops in the backyard. Those were all formative parts

835
00:45:41,320 --> 00:45:44,360
Speaker 1: of his identity and his memory of childhood. And I

836
00:45:44,400 --> 00:45:46,719
Speaker 1: think that that's I think every parent wants a little

837
00:45:46,719 --> 00:45:49,120
Speaker 1: piece of that. Yeah, we never want to lose that.

838
00:45:49,320 --> 00:45:52,560
Speaker 1: Ben is the Is the app launched yet? Yeah, the

839
00:45:52,560 --> 00:45:55,040
Speaker 1: app is in the app store. We've been out for

840
00:45:55,080 --> 00:46:00,960
Speaker 1: two weeks and look from Mojo Sports or Mojo Sports Coaching,

841
00:46:01,680 --> 00:46:04,719
Speaker 1: it'll pop right up and as I said, free to

842
00:46:04,880 --> 00:46:09,160
Speaker 1: use and really really fun to see the feedback coming

843
00:46:09,160 --> 00:46:12,879
Speaker 1: in from all over This morning. This morning, I woke

844
00:46:12,960 --> 00:46:16,600
Speaker 1: up instead of seeing the Nielsen overnight ratings, seeing the

845
00:46:17,280 --> 00:46:20,440
Speaker 1: further erosion and decline of broadcast television, I woke up

846
00:46:20,440 --> 00:46:23,400
Speaker 1: to see that we had a customer in Switzerland. We

847
00:46:23,480 --> 00:46:27,040
Speaker 1: had a customer in South Africa, and we had a

848
00:46:27,040 --> 00:46:29,760
Speaker 1: customer in Ireland and I think that we made fifty

849
00:46:29,760 --> 00:46:32,960
Speaker 1: eight dollars nine seven cents. Well, there you go, there

850
00:46:33,040 --> 00:46:34,800
Speaker 1: you go. That will take care of the pizza and

851
00:46:34,840 --> 00:46:39,320
Speaker 1: the ice cream after the game. All right. Well, Ben Sherwood,

852
00:46:39,320 --> 00:46:40,960
Speaker 1: really great to spend the time. We can talk to

853
00:46:40,960 --> 00:46:43,799
Speaker 1: you all day, but you have lots to do to

854
00:46:44,560 --> 00:46:46,440
Speaker 1: build this company. We look forward to catching up with

855
00:46:46,480 --> 00:46:48,920
Speaker 1: you and seeing how it's going, especially as you know

856
00:46:49,040 --> 00:46:51,440
Speaker 1: used for it gets back to business in some way

857
00:46:51,480 --> 00:46:54,640
Speaker 1: shape or form, hopefully as this pandemic receipt. So best

858
00:46:54,640 --> 00:46:57,680
Speaker 1: of luck and thank you again. Thank you Jason, thank

859
00:46:57,719 --> 00:46:59,640
Speaker 1: you lunch. Great to talk to you guys, all right,

860
00:47:00,080 --> 00:47:02,520
Speaker 1: Enlightning enjoyed it very much. Thank you so Lynchy. That

861
00:47:02,560 --> 00:47:04,480
Speaker 1: was fascinating. I feel like that is a guy who

862
00:47:04,560 --> 00:47:08,440
Speaker 1: we could have talked to all day, given his experiences

863
00:47:08,480 --> 00:47:11,440
Speaker 1: and you know, a little coy about you know, what's

864
00:47:11,440 --> 00:47:13,480
Speaker 1: going on in the media world, but gave us some

865
00:47:13,560 --> 00:47:17,520
Speaker 1: hints about where he thinks it's going. And listen, this

866
00:47:17,640 --> 00:47:19,920
Speaker 1: is a media and a content company. At the end

867
00:47:19,920 --> 00:47:23,799
Speaker 1: of the day, Mojo is and he clearly sees some

868
00:47:23,960 --> 00:47:28,759
Speaker 1: big as he said, kind of white space greenfield opportunity

869
00:47:28,840 --> 00:47:32,080
Speaker 1: here and you and I know it as parents. There's

870
00:47:32,120 --> 00:47:35,080
Speaker 1: a ton of interest and can't lay a ton of

871
00:47:35,120 --> 00:47:37,799
Speaker 1: money in these sports. Well, he said it could be

872
00:47:37,840 --> 00:47:41,440
Speaker 1: a seventy seven billion dollar business very very shortly. And

873
00:47:41,640 --> 00:47:43,319
Speaker 1: this thing is a what he calls it, a one

874
00:47:43,360 --> 00:47:46,480
Speaker 1: stop coach in a box. He's got some big investment

875
00:47:46,760 --> 00:47:49,400
Speaker 1: people there. He's got the Fenway Sports Group with Tom Warner,

876
00:47:49,680 --> 00:47:52,960
Speaker 1: who's no stranger to success in the television business and

877
00:47:53,000 --> 00:47:56,760
Speaker 1: the investment business, and guys like Russell Wilson and Brandy

878
00:47:56,920 --> 00:48:00,600
Speaker 1: Chastain and Julie Foudy. So it's it's it's Su'm been here.

879
00:48:00,600 --> 00:48:02,360
Speaker 1: So if you're you know, a parent, if somebody's like,

880
00:48:02,600 --> 00:48:04,640
Speaker 1: what is this app? There's a thousand of different apps

881
00:48:04,640 --> 00:48:07,799
Speaker 1: out here. He has instant credibility, which is when you're

882
00:48:07,800 --> 00:48:11,960
Speaker 1: trying to launch something new, unique credibility, and he's got it. Yeah,

883
00:48:12,040 --> 00:48:14,520
Speaker 1: and I and I thought he did a really nice

884
00:48:14,560 --> 00:48:17,680
Speaker 1: job of explaining to kind of, as you say, sort

885
00:48:17,680 --> 00:48:20,719
Speaker 1: of who it's marketed for. You know that four to fourteen,

886
00:48:21,280 --> 00:48:24,239
Speaker 1: you know, getting the parents engaged, maybe getting them over

887
00:48:24,239 --> 00:48:26,720
Speaker 1: the hump. I mean I remember, you know, as a kid,

888
00:48:27,040 --> 00:48:30,000
Speaker 1: my mom actually did coach one of my my soccer teams,

889
00:48:30,040 --> 00:48:31,920
Speaker 1: and I think she'd be the first to tell you

890
00:48:31,960 --> 00:48:34,200
Speaker 1: that that app would have been very helpful if there

891
00:48:34,239 --> 00:48:35,560
Speaker 1: was such a thing as an APP when I was

892
00:48:35,560 --> 00:48:37,600
Speaker 1: a kid. But you know, that's a whole different sort

893
00:48:37,600 --> 00:48:39,839
Speaker 1: of time space continuum thing that we can get into

894
00:48:39,880 --> 00:48:42,239
Speaker 1: another time. The first time I coached the youth of

895
00:48:42,280 --> 00:48:44,680
Speaker 1: my daughters, who was six years old and soccer. The

896
00:48:44,719 --> 00:48:47,720
Speaker 1: other guy was knew nothing about soccer. I knew nothing,

897
00:48:47,800 --> 00:48:49,480
Speaker 1: and they said, Coach, let's go line up. And I

898
00:48:49,480 --> 00:48:51,160
Speaker 1: didn't know how many people to put out there, so

899
00:48:51,360 --> 00:48:53,160
Speaker 1: let's let the other team go out there. We're going

900
00:48:53,200 --> 00:48:55,120
Speaker 1: to stare at them and psyche them out. And I

901
00:48:55,160 --> 00:48:58,000
Speaker 1: went one, two, three or four or five six, So

902
00:48:58,160 --> 00:49:00,560
Speaker 1: it was basically like hockey. Three fords, two defenseman and

903
00:49:00,600 --> 00:49:02,000
Speaker 1: a goalie. I said, all right, let's get out there

904
00:49:02,000 --> 00:49:03,759
Speaker 1: and let's go team, and then we went That's how

905
00:49:03,800 --> 00:49:05,680
Speaker 1: I did it, so it would have been perfect for me.

906
00:49:06,320 --> 00:49:08,799
Speaker 1: You are off and running, off and running all right,

907
00:49:08,960 --> 00:49:11,839
Speaker 1: you've been listening to the Bloomberg Businesses Sports. We're here

908
00:49:11,880 --> 00:49:14,160
Speaker 1: each and every week at the same time, plus online.

909
00:49:14,480 --> 00:49:17,080
Speaker 1: While you're on our PODCASTE check out our interview from

910
00:49:17,080 --> 00:49:19,680
Speaker 1: earlier in the week and Dominican Sue caught up with us.

911
00:49:19,800 --> 00:49:22,400
Speaker 1: Recently won a Super Bowl. But man, that is just

912
00:49:22,560 --> 00:49:27,840
Speaker 1: the beginning. He has a business empire that he is building.

913
00:49:27,880 --> 00:49:30,719
Speaker 1: One of the smartest current players we have talked to

914
00:49:30,719 --> 00:49:34,360
Speaker 1: when it comes to managing their own businesses and their ambition.

915
00:49:34,400 --> 00:49:38,680
Speaker 1: Catch those Mondays, Wednesdays and Thursdays or the archive if

916
00:49:38,760 --> 00:49:41,160
Speaker 1: you so choose. I'm Jason Kelly. Follow me on Twitter

917
00:49:41,400 --> 00:49:43,680
Speaker 1: at Jason Kelly News and Mike Lynch. I'm about to

918
00:49:43,719 --> 00:49:47,160
Speaker 1: download Mojo right after I finished this broadcast. You can

919
00:49:47,160 --> 00:49:50,840
Speaker 1: follow me at Lynch w CVB. You're listening to Bloomberg Businesses,

920
00:49:50,880 --> 00:49:53,160
Speaker 1: Sports from Bloomberg Radio around the world.