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What would you pay to attend the Masters? The Masters has officially surpassed The Super Bowl and World Cup as the most expensive sports ticket. $2,000 for practice round $16,000 for Thursday $8,000 for Sunday. Why? The Masters has started cracking down on resellers, so the supply is very...

561,965 görüntüleme • 5 ay önce •via X (Twitter)

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Zverev says he has not spoken to a single player who likes the two week Masters events, ‘I don’t even think fans like that… I understand tennis is a business, but I’m not sure that business plan is working very well right now’ “Do you think you’ll play more of a schedule of 15 to 18 tournaments and really try to peak at the Slams? Zverev: “The thing is I would love to. But with how the ATP has done the touraments nowadays, it’s impossible to. How are you gonna do that? You have the 9 Masters 1000 events, which are mandatory. Most of them are two week long events nowadays, except Monte Carlo and Paris Bercy, which I think are the best two weeks nowadays because you’ve kind of in and out. I think for a fan and for every tennis player, like, Paris Bercy was awesome last year. I won it, which was even more awesome for me (laughs). You kind of get there, you play your 5 matches, and you get out of there. You don’t have to stick around. You don’t have to practice in between matches. You don’t have to do all those things. That’s how Masters events used to be. I think all the players loved it. Now the ATP has made 4 mandatory 500 events for you to play, which used to be 3, now it’s 4. You kind of don’t really get under 20 events except if you are pulling out of those big events. I’m not a fan of where this is going because if you take Alex de Minaur for example last year, he played his last match at Davis Cup November 25th, and played the first match at United Cup this year December 27th. So you have a month of off season. How are you gonna take two weeks off? How are you gonna prepare your body for a new season? How are you gonna train enough tennis? You don’t have enough time to do all those things anymore. I think this is one subject where the ATP has to really think about it and kind of find a solution for it as well. To be honest, I’ve not heard a single player say that they love the two week masters events. I don’t even think fans like that. They don’t like waiting for two days for their favorite player to play again. I understand tennis is a business, but I’m not sure that business plan is working very well right now.” (via Nothing Major Show)

The Tennis Letter

190,587 görüntüleme • 1 yıl önce

Marc Andreessen on the 3 things he looks for when investing in a startup The first thing Marc Andreesen looks for is a big market: “Is there a big existing market that you think you can go after and displace incumbents? Or do you believe there will be a new market that will be big?” The second thing he looks for is a 10x better product: “Is there a fundamental technology or economic change that justifies a new company? And the way I always think about that is: Is there a 10x change happening in the technology landscape? Is something 10x faster, 10x cheaper, or 10x better? If it’s not 10x, we as both VCs and entrepreneurs have to ask ourselves if it’s really worth doing because it’s really hard to start new companies . . . Existing companies are usually pretty good at what they do. So for a new company to exist, it has to bring a product to market that’s so much better than what exists that it punches through the status quo.” The third is the team: “Is the team outstanding? . . . You want to have a founding team of complementary skillsets. You want to have at least one super strong technologist — quite possibly more than one. Some of the best startups are actually more than one founding technologist. And then it often helps to have someone who is a marketing or salesperson who has a really good understanding of business.” Marc believes that you need all three of these, but if you’re going to compromise on one of those as an investor, it should be the product: “A great market is a lot easier to make up for with iterative product execution. The problem with a poor or small market is that even if you do a good job on the product, there just aren’t that many customers so it’s hard to ever get big and people get demoralized . . . And then we evaluate the team of a startup by its ability to get into a big market with a good product.”

Startup Archive

17,333 görüntüleme • 7 ay önce

The Masters is one of my favorite sporting events, and its 88-year history brings some great traditions. Here's a running list of the most interesting facts: 1. Media tickets (badges) have RFID tags inside them so the club knows where each person is at all times. 2. Even players who miss the cut at the Masters still walk away with a $10,000 check. 3. A 5-bedroom home near Augusta will rent for $30,000+ during Masters week, and brands often pay six figures for larger homes where they can host events. 4. The IRS has a special exemption in the tax code called the "Augusta Rule," allowing homeowners to rent out their homes for 14 days per year without paying taxes on the income. This rule was initially implemented for Augusta residents only but is now available to everyone in the United States. 5. The Masters will do $70 million in merchandise sales this week. That's... • $10 million per day • $1 million per hour • $16,000 per minute • $277 per second The merchandise is so popular because you can only buy it at Augusta (aka no online sales). 6. In 1931, Augusta National was purchased for $70,000— or an inflation-adjusted $1.4 million. However, the property is now valued at over $200 million. 7. Augusta National has quietly been expanding over the years, spending more than $200 million (through an array of LLCs) to buy 100+ properties. Augusta has purchased strip malls, restaurants, apartment complexes, and homes, adding 270+ acres to the property and often paying 3-4x their value. 8. Augusta National is debuting "Map & Flag" at this year's tournament. The premium hospitality offering isn't even on the property — it was built in a strip mall down the street that Augusta acquired for $26 million in 2020 — yet they were able to charge $17,000 per ticket (+ week-long badges) and have completely sold out. 9. The concession stand food is wrapped in green packaging, so it can't be seen on TV if someone litters. 10. Someone once found a green jacket in a Canadian thrift store. They purchased the jacket for $5, and it later sold at auction for $140,000. 11. Magnolia Lane is exactly 330 yards long, with 61 trees on each side. 12. Augusta's clubhouse has a wine cellar with 30+ pages of the world's most exclusive wines. 13. Previous Masters champions gather every year for dinner on the Tuesday before the tournament. The previous year's winner gets to pick the menu, but he must also pay for the meal. 14. The Masters leaves millions on the table by giving away the broadcasting rights to ESPN and CBS for free. They do this to maintain complete control, handpicking advertisers, eliminating on-course signage, and only playing 3 to 4 minutes of commercials each hour. 15. Unlike most golf clubs, which are registered as non-profits, Augusta National is a for-profit corporation. This requires them to pay more taxes, but they do it anyway because it means they don't have to share their member list, income, holdings, or expansion plans. 16. More than 1,500 private jets will land in Augusta this week, paying about $3,000 in landing and parking fees. 17. Augusta has SubAir Systems under each green. This enables them to keep the greens consistent, sucking up water when it rains and adding moisture when it's hot. Also, when someone slipped a few years back, Augusta added SubAir systems under all the walkways. 18. Dwight D. Eisenhower is the only U.S. President to become a member at Augusta National. He never actually attended the Masters, but Eisenhower made 29 trips to the property, playing 210 rounds of golf, during his eight-year term as President. Even crazier, Augusta worked with the Secret Service to build him a safe place to stay, called Eisenhower Cabin, which is still used on the property today. That's it for today! Enjoy the tournament, and if you learned something from this post, follow me for more sports business content.

Joe Pompliano

2,107,599 görüntüleme • 2 yıl önce