Let me preface this with, a large part of my livelihood involves raising equity. Over the past decade my 2 partners and I have raised close to $100,000,000 from investors. So I have some experience to lean on here.
What I dont have experience with is raising funds when the people youre asking money from will get no financial return.
What do people with alot of money who will not get a financial return on their money want? I believe they want access and to feel important. I believe Pike should be meeting with big $$$ alums and generally just big local basketball fans with $$$ and pitching them as joining his “front office”.
“Front Office” perks: you are treated as an executive of the basketball program much like the owner, GM and president of an nba team are. You can come to the facility any time you want, come into meetings, sit in on the negotiations with agents of players on the team and in the portal, have full access to our big board of recruits both portal/high school, come to practice, have court side season tickets, can travel with the team to away games on the team flight, stay with the team at the team hotel, eat with the team etc. To get all these perks we need a minimum $1,500,000/year towards NIL and we are looking for just 2-3 guys.
It is ALOT easier to land 2-3 whales than try to get 3,000 people to donate $100/month.
He needs to stop wasting his time with the average fan donating $100/month. Quality > quantity. Stop going to top golf events, stop going to a small whiskey tasting, just be targeted in your approach.
Who loves our program, who loves bball in general and has a ton of money? Who is an aspiring NBA owner who can get his name out there in the press by taking a mediocre at best Rutgers program and turning them into a national power?
It takes minimal effort to do this. Hopefully pike is up for earning his paycheck.
What I dont have experience with is raising funds when the people youre asking money from will get no financial return.
What do people with alot of money who will not get a financial return on their money want? I believe they want access and to feel important. I believe Pike should be meeting with big $$$ alums and generally just big local basketball fans with $$$ and pitching them as joining his “front office”.
“Front Office” perks: you are treated as an executive of the basketball program much like the owner, GM and president of an nba team are. You can come to the facility any time you want, come into meetings, sit in on the negotiations with agents of players on the team and in the portal, have full access to our big board of recruits both portal/high school, come to practice, have court side season tickets, can travel with the team to away games on the team flight, stay with the team at the team hotel, eat with the team etc. To get all these perks we need a minimum $1,500,000/year towards NIL and we are looking for just 2-3 guys.
It is ALOT easier to land 2-3 whales than try to get 3,000 people to donate $100/month.
He needs to stop wasting his time with the average fan donating $100/month. Quality > quantity. Stop going to top golf events, stop going to a small whiskey tasting, just be targeted in your approach.
Who loves our program, who loves bball in general and has a ton of money? Who is an aspiring NBA owner who can get his name out there in the press by taking a mediocre at best Rutgers program and turning them into a national power?
It takes minimal effort to do this. Hopefully pike is up for earning his paycheck.
