“The UFC was purchased for $2 million... if the Lakers sold for $12.5 billion, then the UFC is worth $50 billion”
“They don’t put fighters first… they pay their fighters roughly 15%… we’re willing to give them a very significant part of the gate”
Jake Paul · All-In with Chamath, Jason, Sacks & Friedberg · Jake Paul & The Chainsmokers: Turning Fame into Funds, Jake Enters Politics? & Venture Bubble Signs
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What was described
Offers fighters a much larger share of fight revenue (around 50% vs UFC’s ~15%) to attract talent to his boxing promotion
UFC pays fighters ~15% of total revenue; Jake Paul’s model aims for ~50%
Said nearby on the same subject
“Marc sent Buffett's assistant a message… his phone rang and it was Buffett… they submitted an offer of around $10 billion.”
“He explained… 'as the 10-year becomes more attractive, it becomes much more difficult for these highly indebted neoclouds to raise money' and noted the 15% bond yield”
“I worked under this guy for like three years… I did everything from boxing to corner work… I was a referee in fights. I managed guys, everything you could possibly do.”
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