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

‪@jakepaul‬ 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.
The Limited Partner podcast is part of the Turpentine podcast network. Learn more: turpentine.co
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X / Twitter:
@jakepaul (Jake)
@joeyslevy (Joey)
@dweisburd (David)
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LinkedIn:
Joey: / joey-levy-5b4b00a0
David: / dweisburd
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LINKS:
Betr: www.betr.app/
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SPONSOR: Bidav Insurance Group
The Limited Partner Podcast is proudly sponsored by Bidav Insurace Group.
Today's episode is sponsored by Bidav Insurance Group. Bidav Insurance Group is run by my close friend, Amit Bidav, who insures me both personally and at the corporate level.
Most people are not aware of the inherent conflicts in insurance, where insurance agents are incentivized to send their clients to the most expensive option. Amit has always been an incredible partner to me and 10X Capital, driving down our fees considerably while providing a premium solution. I am proud to personally endorse Amit and I ask that you consider using Bidav Insurance Group for your next insurance need, whether it be D&O, cyber, or even personal, car, and home insurance.
You could email Amit at [e-mail].
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Questions or topics you want us to discuss on The Limited Partner podcast? Email us at [e-mail]
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TIMESTAMPS
(00:00) Episode Preview
(01:29) Mike Brown’s, Head Coach of the Kings, thoughts on Jake Paul
(01:59) The importance of self belief
(03:12) What drives Jake Paul?
(04:50) Living life like it’s monopoly
(07:06) Jake’s views on psychedelics
(08:38) “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 fills
(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?