Crowdfunding for Athletes

CrowdFunding Beat News Wire, Sqor Inc., a social network focused exclusively on sports, isn’t following the typical social media roadmap. screen-shot-2014-11-25-at-12-14-55-pm Just over a year after launch, the service still doesn’t have private messages or detailed user profiles. Instead, Sqor is jumping into crowdfunding, and if all goes to plan, it thinks one of the NFL’s most legendary quarterbacks — who’s made millions in endorsements alone over his career — can help athletes in less popular sports like racquetball or UFC use their social followers to fund their professional careers. Brett Favre, who won multiple MVP awards and set NFL passing records during a 20-year career (primarily) with the Green Bay Packers, is using Sqor to crowdfund The Favre 4 Hope Foundation, a charity he started to help breast cancer survivors. Lots of athletes have foundations, and charity funding is one of the two main uses Sqor CEO Brian Wilhite envisions for the crowdfunding product, which the startup unveiled last month. The other use case: Athletes funding their own training or travel expenses. Lots of athletes who play niche sports don’t get the sponsorship dollars or pro contracts to fund their careers. These are the athletes Wilhite believes he can help, and while charity campaigns are the only ones allowed at the moment, personal campaigns are coming soon. Wilhite’s working with Favre, who is also a Sqor investor and board member, to get the (pro bowling?) ball rolling on the new product. Favre, who doesn’t consider himself tech or investment savvy, had never heard of crowdfunding until a few months ago. He essentially serves as a spokesperson for the company, he told Re/code, but he loved the crowdfunding idea and was eager to try it out. In the past month, Favre has raised almost $12,000 for his foundation by offering items like autographs or even follow-backs on Sqor in exchange for donations. For comparison, the average Kickstarter campaign brings in just over $7,400. “It’s very impressive,” says Favre, who says he doesn’t have plans for any more tech investments at the moment. “It would have been neat if Sqor was up and running when I was playing.” Read More: Social Network Sqor Wants to Help Athletes Crowdfund Themselves | Re/code http://ow.ly/EZ3BX

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