How I Invest with David Weisburd

E21: Jake Paul and Joey Levy of Betr on How to Build a $100 Billion Company


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Jake Paul and Joey Levy, co-founder of Betr, sit down with David Weisburd to discuss the sports betting industry and how to build a $100 billion company. We’re proudly sponsored by Bidav Insurance Group, visit lux-str.com if you’re ready to level up your insurance plans.
(0:00) Episode Preview
(1:29) Mike Brown’s, Head Coach of the Kings, thoughts on Jake Paul
(1:59) The importance of self belief
(3:12) What drives Jake Paul?
(4:50) Living life like it’s monopoly
(7:06) Jake’s views on psychedelics
(8:38) “Good news travels fast, bad news travels faster”
(10:28) Why Joey chose to partner with Jake
(11:05) Joey’s experience with founding Simplebet
(11:29) Aligning ambitions and incentives
(13:06) The benefits of a 50/50 partnership
(13:50) Episode Sponsor: Bidav Insurance Group
(14:57) The interpersonal dynamics of being co-founders
(16:06) The Betr tattoos
(18:02) The market gap that Betr is filling
(19:03) Creating a more intuitive sports betting platform
(19:55) Capturing the casual sports fan
(21:56) Why high marketing costs hurt current incumbents and how Betr capitalizes on the inefficiencies
(25:54) “Betr is first and foremost a gaming business”
(26:47) Digging in to Betr’s financials
(29:33) Betr’s path to being a $100 billion company
(31:41) What drives Joey Levy?
...more
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How I Invest with David WeisburdBy David Weisburd

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