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THE CREDENTIALS SHOW

From 2.0 GPA to $40M Raised: Building the "Google of Sports Sponsorships"

Bob Lynch, CEO and founder of Sponsors United, shares his incredible journey from a 2.0 GPA student cutting grass at cemeteries to raising $40 million for his sports sponsorship data platform. Discover how he identified a massive inefficiency in the sports marketing industry and built a solution that now serves over 1,000 customers by democratizing access to sponsorship data and creating innovative crowdsourcing strategies.


GUEST INFORMATION:

  • Name: Bob Lynch
  • Title/Credentials: CEO and Founder of Sponsors United
  • Background: Former Senior VP of Global Partnerships at BSE (Brooklyn Nets, New York Islanders), VP of Corporate Partnerships at Miami Dolphins, played Division I football at Temple and Delaware


RESOURCES MENTIONED:

  • Book: "Zero to One" by Peter Thiel - Framework for creating monopolies and solving hard problems
  • CAPTCHA system by Louis von Ahn - Inspiration for crowdsourcing model
  • ChatGPT - Recommended AI tool for $20/month investment
  • Sir Alex Ferguson - Manchester United coach referenced for resilience philosophy
  • Steve Jobs' calligraphy class - Example of diverse learning leading to innovation


[00:01:27] - The Sponsorship Industry Problem

  • Lynch identified the sports sponsorship industry as the "wild west" of advertising with no standardized information or pricing


[00:05:23] - Solving Two Critical Pain Points

  • Professional sports teams were spending 20% of salesperson time on manual research


[00:10:33] - The Crowdsourcing Innovation

  • Created Sponsor University program to get stadium data without paying millions for collection


[00:18:54] - The Power of Continuous Learning

  • Lynch transformed from a 2.0 GPA student through voracious reading and curiosity


[00:32:56] - The Psychology of Resilience


  • Key quote: "You almost have to not care about failure. It's like whatever. It's like, okay, I failed. Let me learn what I do wrong"


[00:43:39] - Fundraising Strategy and Structure

  • Raised $40 million total through gradual buildup and deep domain expertise


[00:52:33] - Building Remote-First Culture

  • Sponsors United operates as fully distributed company across 125+ cities


KEY TAKEAWAYS:

  1. Identify inefficiencies in established industries where information access is limited or fragmented
  2. Solve hard problems that others think are unsolvable to reduce competition and create monopolistic advantages
  3. Continuous learning and reading diverse topics can provide unexpected solutions and competitive edges
  4. Resilience and comfort with failure are more important than natural talent or perfect grades
  5. Deep domain expertise is essential before seeking investment - know your industry better than anyone
  6. Creative constraints can lead to innovative solutions that become core competitive advantages
  7. Structure your business properly from the start to avoid costly restructuring during growth phases



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