Jeff Bezos and Drake Invest In Sports Company Overtime
Amazon CEO, Jeff Bezos has invested in sports media company, Overtime
Overtime recently raised $80 million in Series C funding thanks to investments from stars like Bezos, Drake, and Devin Booker
The company will use the funding to power its basketball league that will pay players between the ages of 16-18 years at least $100,000 each year
Sports media company, Overtime has secured $80 million in funding from investors like Jeff Bezos and Drake.
The funding secured will be used to fuel Overtime Elite, a basketball league for 16-18 years olds.
The league will be paying young players a minimum of $100,000 each year.
A large portion of the $80 million will be used to pay players’ salaries, support the start-up cost and invest in the NFT sector.
Overtime was founded in 2016 by Dan Porter, WME’s former head of digital.
The sports media company that shares original content about sport on social media outlets like Snapchat and Youtube.
Along with Bezos and Drake, many professional basketballers like Devin Booker and Trae Young contributed to the project.
Overtime claims to generate more than 1.7 billion views every month along with an audience of 50 million across social media.