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David Abrams

1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

8statements → 3claims → 1claims resolved → 4.25/5average certainty → 1.5/5average debate potential → ≈4.5/5argument clarity, estimated → 2said about them ↓

1 supported 0 partly supported 0 contradicted 2 not checkable as stated how the 3 claims stand · each chip opens the sources

3 assertions · 1 opinion · 4 disclosures · every statement was checked. The predictions and assertions are the 3 claims: statements the public record can support or contradict. 1 is resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how David argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Apollo was founded to buy distressed assets originally financed by Drexel
“And a firm I eventually went to work for Apollo came out of Drexel, and their business was buying up the assets that they had been the investment bank for that actually raised the money and issued all the junk bonds.”
David Abrams Mar 23, 2023 ▶ 2:33 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of David Abrams on measured tape to publish a rate. This says nothing about how they speak.

Everything David Abrams said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure
Why Velocity Capital Management refuses to invest directly in sports teams
“And we decided definitively we were not going to be investing in sports teams.”
David Abrams Mar 23, 2023 ▶ 31:51 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
Disclosure
Velocity Capital Management invested in carving out the X Games from Disney
“Ultimately after a lot of stop and start negotiations and a long year-long discussion, it was carved out of Disney and the transaction closed in October, and given Arnie's historical knowledge of it and relationship, we invested in it in Velocity.”
David Abrams Mar 23, 2023 ▶ 43:37 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
Assertion Not checkable as stated
ESPN operated the X Games without a dedicated sales or management team
“Inside ESPN, given the size of the X Games, the prioritization was on much bigger intellectual property. The NFL, UFC, Major League Baseball. So not a dedicated sales team to monetize the IP through sponsorship. So having a dedicated sales team, and by the way…”
David Abrams Mar 23, 2023 ▶ 45:06 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
Assertion Not checkable as stated
The X Games historically generated zero game-day ticketing or hospitality revenue
“Historically just given the size of it for the game day events, whether it's the winter games in Aspen or summer games elsewhere, there were no game day revenues. So think of going to a baseball game where all the tickets are free and there's no hospitality an…”
David Abrams Mar 23, 2023 ▶ 45:44 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
Assertion Supported
Apollo was founded to buy distressed assets originally financed by Drexel
“And a firm I eventually went to work for Apollo came out of Drexel, and their business was buying up the assets that they had been the investment bank for that actually raised the money and issued all the junk bonds.”
David Abrams Mar 23, 2023 ▶ 2:33 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
Disclosure
Abrams sold his Yankees AAA team in 2021 but kept Crystal Palace
“We ultimately sold the Yankees AAA team at the end of twenty-twenty-one, and Crystal Palace, we still own.”
David Abrams Mar 23, 2023 ▶ 23:56 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
Disclosure
Abrams admits Keemotion's premium pricing was a costly go-to-market mistake
“If we go back to Keymotion for a second, one of the lessons I learned, and it was certainly a mistake that I made, was our go-to-market strategy was pricing our product at a premium level, and in the case of Keymotion, we had by far the best technology and the…”
David Abrams Mar 23, 2023 ▶ 40:48 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
Opinion
Abrams: New York investors constantly exaggerate their fund returns and hide losses
“Especially being in New York, people exaggerating how great their funds are and how great their returns are. You only hear about, oh, I did that deal, or I did this one. There's a band of returns that are the top, and there are a lot of people who will say tha…”
David Abrams Mar 23, 2023 ▶ 51:27 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)

The other half of the tape: David Abrams's own voice is left out of every number here. Other people bring the name up 2 times in 2 episodes on Capital Allocators. every mention, with the transcript →

Who brings them up most Ted Seides 1Seth Klarman 1

Every mention by year

tap a year for its mentions
00111120192020202120222023episodesmentions
01120192020202120222023episodes it came up in
000.50.51120192020202120222023episodesmentions per episode
2023 1 mention in 1 episode
2019 1 mention in 1 episode

Appearances (1)

EpisodeDateSpeaking time
David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303) Mar 23, 2023 46m
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