Alexis Ohanian, co-founder of Reddit, husband to Serena Williams, and father to 7-year-old daughter Olympia is talking out and sharing how his eldest daughter impressed a $100 million enterprise deal. And belief us, the main points are so candy, you’ll need to hear them.
Talking on the at the Forbes 3050 Summit in Abu Dhabi over the weekend, Ohanian detailed how simply earlier than he parted methods with Reddit in 2020, he was on the lookout for different enterprise ventures to both spend money on or begin. Little did he know that the thought would come through the 2019 FIFA World Cup via his daughter and a easy jersey she was sporting of former soccer participant Alex Morgan.
This, in flip, would encourage him to create his enterprise capital tech firm Seven Seven Six, which he used to spend money on the Nationwide Girls’s Soccer League (NWSL) group Angel Metropolis FC. Moreover, he additionally based Athlos NYC, an occasion centering all-women monitor and area sports activities.
“I commented to my spouse, ‘Hey, wouldn’t or not it’s good at some point if Olympia performed on the nationwide group?’ And with out lacking a beat, Serena stated, ‘Not till she’s paid what she’s price.’ And I stated, ‘Alright, problem accepted,’” he defined as captured by Primarily Sports activities.
He continued:
Olympia was in some ways my North Star and I stated I need to maintain constructing companies and I need to be doing it in a manner that I do know I’m gonna be pleased with and in order that’s why I began 776, seeded it with $100 million of my very own cash and stated I’m going to make use of this to drive one of the best enterprise outcomes in a manner that I can brag to my daughters and grandkids about at some point.
Moreover, and as famous by MSNBC, Ohanian additional reiterated his need to see each a change in ladies’s sports activities and an enormous return on his funding.
“Investing in ladies’s skilled sports activities was unthinkable 5 years in the past,” he stated. “I had so many random folks on the web, to different traders who I revered — all of them informed me I used to be going to lose all my cash — it could by no means work and I’m very joyful to show them mistaken.”