NIL Marketplace Platform
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A marketplace platform connecting college athletes with brands/sponsors for NIL (Name, Image, Likeness) deals, handling all aspects from discovery to payment and compliance reporting.
Key Points:
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Market Opportunity:
- New law allows college athletes to monetize their brand/likeness
- Currently no dominant platform connecting athletes to opportunities
- Current booking process relies on Instagram DMs and Venmo
- Barstool Athletes program already has 200,000 college athletes signed up
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Platform Features:
- Marketplace connecting athletes with brands/sponsors
- Handle all transactions through the platform
- Provide compliance reporting to universities
- Remove need for Instagram DMs and informal payment methods
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Revenue Potential:
- Take percentage of transactions
- First mover advantage in unsaturated marketing channel
- Access to influential college athletes across the country
- Potential to be the dominant platform in the space
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Use Cases:
- Brand sponsorships
- Personal appearances
- Marketing campaigns
- Local business promotions
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Additional Opportunity:
- Create products specifically for college athlete influencer marketing
- Work backwards from distribution channel to product development
- Tap into trust and audience of college athletes
- Leverage unsaturated marketing channel before others
13:31 - 16:49
Full video: 01:08:54SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.