Safe to say that the most common expression used to describe the current state of Name-Image-Likeness and college sports is “it’s the Wild West.” Which, in reality, may actually do a disservice to the wild west. There’s no way that period could be as nuts as this one…
Clearly NIL has completely upended college sports. In doing so, it’s produced a fabulously dynamic environment for new businesses that claim to have solutions for this burgeoning marketplace. In that sense, it really is a lot like the wild west and its accompanying Gold Rush.
But what sometimes gets lost in the frenzy to capitalize on NIL is that this entire market is being built on the back of very young adults, the vast majority of whom are away from home for the first time in their lives, and who lack a support network to make sure their interests are protected and their approach to NIL is sound.
Enter Stephen Bienko and 42U. A former college athlete himself, Bienko took a look at what was happening with NIL and recognized the vulnerability of these young athletes. So he launched 42U, which has a goal of giving athletes the tools and support they need to build their brands, recognize their authentic selves, and prepare themselves for life after their playing careers.
In our conversation, Bienko dives into both his athletic background and his entrepreneurial journey. We discuss the launch of 42U, their partnership with the Big 10, and what he believes is missing in the current NIL environment.
The former New Jersey State Trooper will also reveal his most memorable traffic stop.
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The Sports Business Conversations podcast is a production of ADC Partners, a sports marketing agency that specializes in creating, managing, and evaluating effective partnerships between brands and sports. All rights reserved.
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Dave Almy brings over 30 years of sports marketing and sports business experience to his role as host of the "1-on-1: Sports Business Conversations" podcast. Dave is the co-Founder of ADC Partners.
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