Lloyd Danzig: Founder & Managing Partner, Sharp Alpha Advisors
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At one point in his career, Lloyd Danzig, the founder of Sharp Alpha Advisors, was pretty confident that there was money to be made in what he calls the competitive entertainment industry. The Supreme Court had just opened up sports betting for states to adopt, he had a solid investing background, had recently earned a degree in data science, and had always loved fantasy sports. So good to go, right?
Well, not exactly. Turns out there was still one thing missing. And that was permission to fail.
Now with investments in over 30 online gaming start ups, Lloyd and Sharp Alpha are light years away from failure. In our conversation, Lloyd and I talk about the process of launching his venture capital firm, and why having a mentor share that wisdom about failure was so integral to his future success. We also cover the growth of online gaming, the competitive entertainment market, and what he looks for when making investments.
He also fills us in on what the unending torture of being a NY Jets fan is like. And it’s awful.
A special shout out to Brent von Forstmeyer and the University of San Francisco Sports Management program for letting me use their downtown offices to make this recording with Lloyd.
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Dave Almy brings over 30 years of sports marketing and sports business experience to his role as host of the "1-on-1: Sports Business Conversations" podcast. Dave is the co-Founder of ADC Partners.
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