In this episode
Transcript
Introduction: 0:00
- Introducing Sunjay Mathews, angel investor, advisor, and dealmaker in the sports and media sector.
- Advising companies like tixbase, Just Women’s Sports, and GolferX.
- Formerly leading legal at DAZN and Fanduel.
- Starting his career at Davis & Gilbert and Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates.
- Turning a lifelong passion for sports into a career in law.
Transitioning from law associate to sports legal advisor at FanDuel: 3:40
- Targeting the four most competitive hiring fields: sports, tech, movies, and music.
- Taking on a small in-house transactions role before joining FanDuel.
- Relying on your networking abilities and persistence to break into a difficult industry.
Dealing with anachronistic regulations in the sports betting industry: 6:47
- Joining FanDuel at the moment when the New York attorney general claimed the entire business was illegal.
- Working out a merger with Draft Kings that got shut down by the FTC.
- Leaning into the uncomfortableness to gain experience you can use at future jobs.
- Continuing to work in new industries with uncertain regulations like sports betting, streaming, and crypto.
Moving into streaming at DAZN: 10:39
- Going from a company where legal has ultimate power to a new company.
- Working with former ESPN president John Skipper.
- Considering the future of streaming products and technology.
Getting a start as an independent advisor: 21:47
- Reaching out to your entire network during the pandemic to see what they are working on.
- Offering to help for free, or only to accept money if you can solve the problem.
- Jumping in and getting started without hesitations.
Dealmaking with pro athletes and celebrities: 26:08
- Gaining strong negotiating skills through training.
- Focusing on your clients’ interests and making sure you work collaboratively with the opposing side.
- Equitably aligning interests between athletes and brands.
- Understanding the extremely high value that athletes offer to brands and leagues.
Getting started as an angel investor: 34:12
- Offering as little as $100 makes you an angel investor.
- Leveraging your understanding of certain markets to bolster investments and working with partners who make up for your weaknesses in other fields.
- Being open to having a conversation with absolutely anyone.
Consulting on sports marketing with FTX and getting involved with crypto: 38:06
- Having an advising client connect you with a company looking to start sports partnerships.
- Seeing similar regulatory issues between crypto and gambling.
- Enduring equity loss during the fallout from the collapse of the exchange.
- Maintaining other relationships and structuring sports partnerships elsewhere.
Investing and advising companies like BetDEX and tixbase: 42:20
- Investing in gambling and crypto platform betDEX, founded by a finance lead at FanDuel.
- Advising tixbase, a secure blockchain company for buying tickets on the secondary market to end scalping and fraud.
Uplifting Just Women’s Sports: 49:35
- Working with Just Women’s Sports through a contact from college looking for contract advice.
- Predicting enormous opportunity in women’s sports leagues.
What you wish you’d known as a young lawyer: 57:11
- Not caring what other people think or doing what you imagine they expect from you.
- Making career choices based on your personal interests and working with people who value you.