20VC: How a Angel City Makes $31M per Season | How Sports Teams Can and Should Be Better Businesses | Why Every Sports Team Will Look Like a Media Agency and Founding The Most Valuable Women's Sports Team with Alexis Ohanian

Alexis Ohanian is the Founder and General Partner of Seven Seven Six, an early-stage venture capital firm with $970M AUM. Prior to 776, Alexis was the Co-Founder of Initialized, one of the most successful early-stage firms in history with their first fund returning 56x DPI. Before Initialized, Alexis was a Partner at the world-famous Y Combinator and before that was one of the Co-Founders of Reddit. In Today's Discussion with Alexis Ohanian We Touch On: 1. $31M in Revenue: The P&L of a Sports Team: • What are the core revenue drivers for Angel City Football Team? • How did Alexis convince Tony @ Doordash • to write the largest-ever brand sponsorship check to have the Doordash name on the Angel City shirt? • How much money does Angel City make from ticket sales per year? • What does the revenue from merchandise look like for Angel City? How has it changed with time? 2. How to Spend $31M Annually To Run a Team: • What are the single biggest costs in running a sports team? • Does Alexis believe that salary caps are good or bad for leagues? • How much money is spent by clubs on content and software today? How should that change? 3. More Cash in Sports Than Ever: • Prices for teams are at an all-time high. Are we in a bubble for sports assets? • What remains under-priced and what is over-priced today? • What are the pros and cons of private equity entering sports ownership in a meaningful way? • Who is the worst sports team owner who despite his mismanagement, still made billions? 4. Alexis Ohanian: AMA: • How did Alexis and Serena William's children become millionaires through sports team ownership? • How did Alexis turn a $10,000 check into $17.1M? • How did a $10,000 check into a shoe company make Alexis $7M? • Why does Alexis believe that sports becomes even more valuable in a world of AI?