Lacrosse champion and PLL co-founder Paul Rabil explains why professional lacrosse players in 2008 were forced to work full-time day jobs in finance or real estate to make a living.
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“A low wage, which at the time for rookies was 6000 dollars for the whole season.”
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More from Paul Rabil
Disclosure
Rabil: Premier Lacrosse League Gives Stock Options to Its Players
“What you have in Silicon Valley is the treatment of your employees Where they get stock options of the business and that's carved out in your employee cap table. So we carved out a portion of that for our players. And so our players have options in the busines…”
Paul RabilApr 15, 2019▶ 39:11Paul Rabil - Lacrosse and Entrepreneurship (Capital Allocators, EP.95)
“That's why athletes are now really valuable for early stage startups as small investors that can, if you're the entrepreneur and you carve it out well, get access to their audience. It's like immediate customer acquisition.”
Paul RabilApr 15, 2019▶ 19:17Paul Rabil - Lacrosse and Entrepreneurship (Capital Allocators, EP.95)
AssertionSupported
Rabil: Founders Leveraged Private Equity Backing to Attempt MLL Buyout
“So about six months later, we went back to MLL with overhead capital that we had acquired at the time as primarily private equity, and we proposed a number of different scenarios of essentially buying them or rolling them up and keeping them involved from an e…”
Paul RabilApr 15, 2019▶ 24:03Paul Rabil - Lacrosse and Entrepreneurship (Capital Allocators, EP.95)
AssertionPartly supported
Rabil: Athlete Social Followings Are Up to Eight Times Larger Than Teams
“That athletes following are four, sometimes eight to one the size of their teams and league.”
Paul RabilApr 15, 2019▶ 26:10Paul Rabil - Lacrosse and Entrepreneurship (Capital Allocators, EP.95)
AssertionNot checkable as stated
Rabil: Less Than Five Percent of Sports Fans Attend Games in Person
“Less than five percent of sports fans actually go to games.”
Paul RabilApr 15, 2019▶ 28:40Paul Rabil - Lacrosse and Entrepreneurship (Capital Allocators, EP.95)
AssertionSupported
Rabil: Lacrosse Is North America's Fastest-Growing Youth Team Sport
“It's the fastest growing team sport in North America at the youth level over the last 15 years.”
Paul RabilApr 15, 2019▶ 30:08Paul Rabil - Lacrosse and Entrepreneurship (Capital Allocators, EP.95)
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