Making Your Passion Your Business with Marc Wilson

Marc Wilson, Founder and Lead Advisor at Athletic Venture Advisors, a firm supporting the sports & sports technology industry by focusing on emerging startups, small business and investors, joins me on the podcast today. Marc describes his company, the work in which it engages, including a case study of one of its clients, and the path he’s taken to get where he is now. He also shares what has surprised him the most over his career, the low points and how he has rebounded from them, his income management and his definition of financial independence as well.

He concludes our conversation by offering his thoughts on angel investing and investing in start-ups. Building a successful business in an area for which he so obviously has a passion, Marc’s story here today is filled with information, advice, and inspiration for all.

Listen to the Podcast – Download the Transcript

Highlights:

Reviewing sports related deals for investors has turned into a big part of Marc’s business.
His company tries to focus on strategic partnerships and business development opportunities that will ultimately lead to more revenue generating capital.
What has surprised Marc in this past two years is how open people are to the opportunity for a third party to come in and do this type of work with them.
Marc’s definition of financial independence is, if he needed to make a big purchase, he wouldn’t have to worry about how much is in the bank account to do it.
Marc believes that, if people do have enough capital to invest in start-ups, there’s a good opportunity there, and if they can’t do the due diligence themselves, there are other people that can do that for them.

Quotes:

“Recently we’ve started really working with agencies, wealth managers in the sports industry where they may get pitched opportunities for their athletes or for their high net worth individuals that maybe are not within their wheelhouse. So we can review things in that scenario and do our own SWAT analysis to figure out is there something here for it.”

“This sort of allowed me to focus on what I like to do, what I’m good at and also be able to jump around and keep myself interested in the sports industry.”

“Leadership needs to be, to some degree, the ability to delegate the tasks to the right people.”

“Kudos to my wife for putting up with the highs and lows…when the highs are high, they’re great, but when the lows are low, they can be very low.”