Looking for investors for a Professional Athlete Rep fir

[bswalley]

Hi, two colleagues and myself are creating a professional athlete representation firm (think Jerry Maguire). We have a solid business plan, industry contacts, and all 3 have professional backgrounds that will help enable success. Below is a quick rundown of the strengths of this opportunity.

* The three partners consists of a former professional minor league baseball player and scout, a Director of Contracts for a non-profit agency, and an intellectual rights property attorney

* Our location is home to a mid-sized university where 6 very large and several smaller universities are within 3 hours driving distance.

* There is 1 competitor in our community, however, they do not actively pursue clients. There is one other competitor approximately an hour away who has 1 major client.

We are trying to raise $140,000 in start-up capital. If anyone is seriously interested, please feel free to contact me.

[BusinessAdviser]

Hi, two colleagues and myself are creating a professional athlete representation firm (think Jerry Maguire). We have a solid business plan, industry contacts, and all 3 have professional backgrounds that will help enable success. Below is a quick rundown of the strengths of this opportunity.

* The three partners consists of a former professional minor league baseball player and scout, a Director of Contracts for a non-profit agency, and an intellectual rights property attorney

* Our location is home to a mid-sized university where 6 very large and several smaller universities are within 3 hours driving distance.

* There is 1 competitor in our community, however, they do not actively pursue clients. There is one other competitor approximately an hour away who has 1 major client.

We are trying to raise $140,000 in start-up capital. If anyone is seriously interested, please feel free to contact me.

What do you need the $140,000 for?

[Grandmarnier]

Are you looking for several investors? minimum investment? Return?

[bswalley]

There are certifications an agent must apply for with each of the player's unions of each respective league. These certifications can add up. Also, the start-up capital will be used for marketing, recruiting of talent, and other general administrative costs. The first year of the firm will consist mostly of studying union rules, taking tests and getting certifications, recruiting, and marketing. Midway through the first year and especially in the second year is when the revenue will really begin to flow in.

[bswalley]

Are you looking for several investors? minimum investment? Return?

We are looking at a minimum investment range of $20k-$30k. However, we would like to have only a handful of investors. The way the financial structure of the firm is set-up, the agent will split his/her commission 50/50 with the firm. For example, if an agent's commission rate is 5%, then half of his commission will go to the firm.

[BusinessAdviser]

There are certifications an agent must apply for with each of the player's unions of each respective league. These certifications can add up. Also, the start-up capital will be used for marketing, recruting of talent, and other general administrative costs. The first year of the firm will consist mostly of studying union rules, taking tests and getting certifications, recruiting, and marketing. Midway through the first year and especially in the second year is when the revenue will really begin to flow in.

So you want someone to fund $140,000 to a prospective sports agency firm that has no clients, no certifications, no significant knowledge of union rules, no real industry experience (in terms of dealing with sports agency), etc.? And within six months you propose that the "revenue will really begin to flow in?" I think you might have some issues obtaining funding.

[bswalley]

So you want someone to fund $140,000 to a prospective sports agency firm that has no clients, no certifications, no significant knowledge of union rules, no real industry experience (in terms of dealing with sports agency), etc.? And within six months you propose that the "revenue will really begin to flow in?" I think you might have some issues obtaining funding.

It's a chicken and the egg deal. You can't get clients without being certified by the player's unions. Most player's unions require you to attend a seminar with a test at the end before you become certified. The partner who is a former professional baseball player has some industry knowledge. However, a CEO of another athlete agency has agreed to be an advisor during the start-up process, which gives us an advantage over other start-up agencies.

To clarify, revenue is projected to begin coming in approximately 6 months, however, the 2nd year is when it should see a substantial increase.

[akula]

Hi, two colleagues and myself are creating a professional athlete representation firm (think Jerry Maguire). We have a solid business plan, industry contacts, and all 3 have professional backgrounds that will help enable success.

dude...finance for these sort of things works differently to how finance works for an expansion stage technology company, or an asset backed manufacturer..

what you wanna do is tap those industry contracts for referrals to the jerry macquires of the world, who might be getting on in years and wanting to bankroll the new gen of jerrys, either for tax benefits, or the sheer fun of it. that's how equity deals get done in your space.

go to your next industry event and start asking for referrals. you're gonna get better results than trawling the net looking for strangers.