The grant will allow The Mill to grow its existing investment fund for early stage startups, Flywheel Fund, and create a second fund called Turbine.
Less than 1% of the basketball world uses breakdowns, due to the cost and difficulty of accessing the technology. Blueprint Stats attacks that problem head on at a time when both sides of the market are looking for player insights.
“We saw a great opportunity for Flywheel Fund to get in early with an up-and-coming sports tech startup.”
Flywheel has made a $50,000 investment in beastcoast, a pro-gaming content network.
Flywheel Fund II plans to make six to eight investments of about $50,000 each, double the investment from Fund I.
Over the last six months, five startups have received investment from a new member-managed capital fund run by The Mill. The Flywheel Fund launched in the summer of 2020 and planned to make 4 investments of $25,000 each over the course of a year. By January, the fund...