In this episode, Rob Connolly speaks to Alts about Finlete, his startup allowing retail investors to invest in young professional athletes in return for a share of their future professional contracts. Rob talks about the company’s reason for focusing on minor league players, how Finlete’s player contracts work, and the company’s current pre-seed round of funding on finlete.co/invest.
Discussion topics include:
Investing in Finlete’s pre-seed round at finlete.co/invest
Poverty-level wages made by minor-league baseball players
The benefits of selling a portion of their career earnings for aspiring players
Fernando Tatis, Jr.’s payout from a $350 million contract
Investing in Finlete’s pre-seed round through Wefunder
How Finlete identifies the athletes to invest in
Receiving a positive reception from players
Setting a goal of 100 players on the platform
Contract terms for investment returns
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