• Loading stock data...
Thursday, September 18, 2025

Why Pro Athletes Are Getting First Look at Start-Up Deals: ‘Shark Tank’ Guest Star

Early-stage start-ups are increasingly giving athletes the opportunity to join funding rounds as they recognize the benefit their brand gets from associating with athletes’ celebrity.

Photo by McKenna Crilley/Front Office Sports

Atlanta Falcons minority owner Rashaun Williams knows about investing.

The venture capitalist, a recurring guest shark on Shark Tank, was an early investor in companies like DraftKings, Robinhood, Coinbase, Lyft, Ring, and Dropbox, and has made more than 170 investments with 50 exits.

So, what’s changed in the years he’s been putting money into early-stage companies? He says pro athletes now get some of the best investment opportunities in the market—before the rest of the field.

“I would argue that there are only two groups of people that get the best access to deals in the United States—I’m talking about tech and consumer products,” Williams said on the first episode of the Front Office Sports series Portfolio Players. “The top 20 VC firms—because all of those founders want money from the guys who backed Spotify, Docusign, Airbnb, and Pinterest… The second group: athletes and entertainers.”

“In the past, [athletes] just didn’t know what to ask. They didn’t know how to vet which opportunity made sense,” Williams said.

Now, early-stage start-ups are more commonly giving access at a funding round to athletes along with VC firms because they’re seeing the benefit for their brand to associate with athletes’ celebrity. 

For example, Philadelphia Eagles running back Saquon Barkley brought more awareness to software company Ramp by announcing his investment days before he starred in the company’s first Super Bowl ad. (Barkley has since also invested in defense tech start-up Anduril.)

VC firms are cozying up to athletes more and more. Joe Burrow and Blake Griffin have worked with Patricof Co. to make investments, and the NIL (name, image, and likeness) revolution in college sports has opened doors for even younger stars to get equity deals. Paige Bueckers and Flau’jae Johnson both got ownership stakes in the Unrivaled women’s basketball league through NIL deals.

“The athletes and entertainers have the second-best access, in my opinion, because they can invest with the top 20 VCs,” Williams said, “but the retail investors are largely getting the markup and the leftovers from the ecosystem.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

[Subscription Customers Only] Jul 9, 2025; East Rutherford, New Jersey, USA; Real Madrid CF forward Kylian Mbappe (9) reacts after a semifinal match of the 2025 FIFA Club World Cup at MetLife Stadium.

CVC Builds Out Sports Division Amid Crowded PE Market

The firm’s sports portfolio is reportedly worth $13.6 billion.

Greg Norman Leaves LIV As Golf World Continues to Shift

Norman relinquished the league’s CEO role in January.
May 3, 2025; Denver, Colorado, USA; LA Clippers forward Kawhi Leonard (2) controls the ball in the first quarter against the Denver Nuggets during game seven of first round for the 2025 NBA Playoffs at Ball Arena.

Clippers Minority Owner Allegedly Invested in Aspiration to Pay Kawhi

Minority investor Dennis Wong allegedly invested in Aspiration as well.
Angel Reese

Unrivaled Adding Two Teams, a Fourth Night of Games per Week

The 3-on-3 league is expanding in its second year.

Featured Today

Adriunna Brown

Business Is Booming for WNBA’s Top Beauty Pros

A network of stylists is shaping how players look, feel, and perform.
Premier Lacrosse League
September 14, 2025

‘The Circus Is Coming to Town’: Why Upstart Leagues Start on Tour

In their ambitious plans, a traveling schedule is only temporary.
PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.
September 13, 2025

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.
September 11, 2025

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.
The South Milwaukee Planet Fitness at 2901 S. Chicago Ave. will relocate to Oak Creek in summer.

‘People Want to Go to the Gym’: Why Fitness M&A Is Surging..

The fitness and gym industry has had strong deal activity in the first half of the year.
September 12, 2025

Massachusetts Sues Kalshi to Block Sports Prediction Markets

A lawsuit claims the company’s offerings are indistinguishable from traditional sports bets.
Sep 6, 2025; Paris, FRANCE; Brad Tavares (red gloves) fights Robert Bryczek (blue gloves) during UFC Fight Night at Accor Arena.
September 17, 2025

TKO President Mark Shapiro Pops Talk of Valuation Bubble, Defends UFC Deal

“Sports is the last bastion of unifying content in this world.”
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
September 12, 2025

Dexter Fowler Wants to Change the Narrative on Athlete Ownership

The former MLB All-Star owns a stake in Premier League team Bournemouth.
April 27, 2025; Anfield, Liverpool, BRITAIN; Liverpool player Mohamed Salah scores the fourth goal against the Tottenham Hotspur in a Premier League match.
September 8, 2025

Tottenham Hotspur ‘Not for Sale’ Amid Takeover Interest

Two groups made offers in just the last week.
StubHub
September 8, 2025

StubHub Seeks Big Valuation in Revived IPO Despite $112M Loss

The ticket marketplace looks to raise as much as $851 million.
Dec 21, 2015; New Orleans, LA, USA; New Orleans Saints wide receiver Marques Colston (12) makes a 12-yard touchdown catch in front of Detroit Lions defensive back Dwight Bentley (41) in the fourth quarter of the game at the Mercedes-Benz Superdome.
exclusive
September 5, 2025

Marques Colston Wants You to Invest in Sports Assets With Him

The former NFL star is launching a fund anyone can invest in.