Overview:
Based in NYC, Overtime (overtime.tv) is the leading brand for the next generation of sports fans. As both a publisher and an influencer, Overtime has built the inclusive world of sports we all wish was the norm by giving a platform to their community to be seen AND heard. They produce original content across YouTube, Snapchat and IGTV, as well as highly engaging short-form content on Instagram and TikTok. In 2021, Overtime announced that it was forming a new professional basketball league called Overtime Elite that offers high school basketball players the opportunity to showcase their talents and profit like never before.
Beyond 645 Overtime is funded by top VC firms, industry leaders, and athletes, including Andreessen Horowitz, Spark Capital, Sapphire Sport, Bezos Expeditions (the personal investment company of Jeff Bezos), Micromanagement Ventures (the family of the late David Stern), Black Capital, Morgan Stanley Counterpoint Global, Blackstone Strategic Partners, PROOF, Gaingels, Alexis Ohanian, Drake, and 30+ NBA stars including Carmelo Anthony and Kevin Durant.
Investment Rationale:
When 645 got introduced to Overtime one of the first things to stand out to us was the world-class quality of the founding team led by Zack Weiner and Dan Porter. Dan had previously sold OMGPOP to Zynga after building the business for 4 years building mobile apps that scaled to hundreds of millions of users.
The team sold a vision of Overtime by blending elements of successful sports media companies (e.g., Bleacher Report) with successful viral social media companies (e.g., Instagram, YouTube). We are proud to be backers of this innovative company.