Colin met Brian Esposito on a HYPE Sports Innovation "Ask Me Anything" webinar and was so impressed with his genuine desire to help entrepreneurs and their companies that we had to invite him on the show to share his experiences with you.
"I have a simple rule with what I build. When they're my companies it's my ass on the line, so it's my rules. But when they are other people's companies like the great startups that I get to work with its their vision, their passion. I'm there to support them and be a turnkey resource for whatever needs to be done, a utility player. I know what they need because I needed it for most of my career and I didn't have it. So it's very rewarding for me now to take all of my learning experiences and help guide these companies to success and be a complete soundboard and resource for them and keep it fun for them."
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"I need to make sure that tech founders don't dilute themselves out of their own company. I tell them to get off this BS "raise money/run out of money/raise money/run out of money" hamster wheel because they can't be half pregnant. You're either out there, raising money or you're running your business. You can't do both at the same time. So I've been through hell and back, I made every mistake you can think of and I'm honoured and excited to share those experiences with the great companies that they get to work with."
Click on the image below to watch our extended conversation with Brian on our Youtube Channel!
Brian shared a couple of companies and products that Esposito Intellectual Enterprises invests in and advises on, including Virtual Stax. Virtual Stax allows fans to participate in the athlete's journey with blockchain verified digital trading cards.
To learn more, check out the Virtual Stax website.
[02:30] Brian opens the show by sharing his connectivity to golf and his first golf experience.
[04:20] Brian tells what he and his team have built with Esposito Intellectual Enterprises and what motivates him to help founders create sustainable businesses.
[08:30] Colin asks Brian to share his insights regarding the future of web3, blockchain, NFTs and cryptocurrency, using the company Devour (a web3 food ordering and delivery marketplace) as a case study.
[11:45] We learn about Brian's investment in Virtual Stax, where people can buy virtual playing card assets of athletes that are already famous or are just getting their careers off the ground.
[17:30] Brian describes how professional sport leagues and team are focusing on increasing fan engagement in a web3 environment, the learning curve they face and what is needed for them to succeed.
[20:45] Brian talks about his investment in Metasport Arena, where you create, trade, collect and play in the first sports and entertainment virtual world as part of a community competing to build the best city.
[27:00] Brian shares how he believes The PGA Tour, LIV Golf, The LPGA and golf entertainment venues can tap into the potential of web3 to engage both existing and new fans.
[30:30] Colin presses Brian to share his thoughts on LIV Golf - what they are doing right, what they got wrong and what they need to do to create a sustainable business.
[34:30] Brian describes how LIV - as a startup - has the ability to be nimble and quick in the creation of digital assets as compared to a "legacy company" like The PGA Tour.
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