For me, it’s important to support and invest in black-owned businesses,” said Bulls star and former Duke player Wendell Carter Jr. “Through TPI and Republic, my VIP page gives me the opportunity to invest in those businesses and also bring all of my fans to support them."
BOSTON (PRWEB) August 12, 2020
The Players’ Impact (TPI), a venture platform built to empower current and retired athletes in business, announced a strategic partnership with Republic, a securities crowdfunding and community building platform, designed to make startup investing accessible for all. As part of the partnership, TPI has secured the first two participants in its Athlete Fan Funding Initiative on Republic, launching with former NFL player and current CNBC host Jon Najarian and Chicago Bulls 2018 first round pick Wendell Carter Jr.
Curated exclusively by TPI, the athlete focus of Republic’s Verified Investor Program (VIP) allows fans and followers to join their favorite celebrities in “fan-funding” investments for as little as $100. Republic’s platform democratizes investing and provides access to private company investment opportunities previously reserved for top venture capital funds or high net worth individuals and family offices. “TPI brings vetted investment opportunities to our members each month and places a strong value on the diversity of those opportunities and in our membership,” said TPI CEO Tracy Deforge. “In Republic, we see an opportunity to highlight our community’s business acumen and increase support for startups with diverse backgrounds and teams. This is something that our members requested, and we are now pleased to provide it not only to them, but also to their fans.”
The Athlete Fan Funding program enables fans to follow their favorite celebrities’ investments as well as understand the rationale behind the investment decisions. On Jon Najarian’s Republic VIP page, he breaks down what sectors he invests in, what he looks for in a startup, and what he values in a team, such as, “experienced, driven founders that can work a room.” “The idea is just part of what makes the investment work,” notes Najarian. “The rest is drive and the ability to draw in experienced team members.”
The variety and diversity of Republic’s startup community allow athletes and their fans to support founders from all walks of life. “For me, it’s important to support and invest in black-owned businesses,” said Bulls star and former Duke player Wendell Carter Jr. “Through TPI and Republic, my VIP page gives me the opportunity to invest in those businesses and also bring all of my fans to support them. It’s important to me to bring awareness of these companies to the forefront and to have the opportunity to educate others on investing.”
Republic’s initial foray into influencer investing began with hip-hop star turned entrepreneur and investor Chamillionaire. “TPI’s Influencer Fan Funding Initiative takes what we started with Chamillionaire to the next level,” said Kendrick Nguyen, Founder of Republic. “TPI’s expertise in sports and partnerships is an invaluable asset in building awareness for Republic’s- – and our start-up community’s – innovative investment model, aimed at bringing fans and influencers together like never before.”
About TPI: Founded in 2017, The Players’ Impact (“TPI”) empowers athletes to pursue business endeavors through a community built around access to coaching, educational and professional networking events, preeminent speakers, distinguished investors, and premier private market investment opportunities. Our membership platform provides access, education, and business resources to support entrepreneurship, investing, and transitioning from sport.
For more information about The Players’ Impact, please visit: http://www.theplayersimpact.com @playersimpact email email@example.com
Founded in 2016, Republic operates a family of businesses, including a regulated crowdfunding investment platform that provides retail investors access to curated startups and blockchain projects. To date, the acceptance rate of companies applying to fundraise on Republic's crowdfunding portal is below 10%. Along with its registered broker-dealer and exempt report investment adviser, Republic recently expanded beyond crowd investing with the acquisitions of Fig, a video game publishing and investment platform and Republic Real Estate, a real estate syndication platform.
For more information about Republic, please visit: http://www.republic.co @joinrepublic http://www.facebook.com/joinrepublic.