Alexis Ohanian Champions Women's Sports Innovation

In a recent interview, Alexis Ohanian, the entrepreneur and former Reddit CEO, elaborated on his burgeoning investment focus within women's sports, particularly in track and field. His firm, Seven Seven Six, aims to leverage venture capital approaches to support women athletes and create lasting business models. Ohanian's initial foray into women's sports was through his role as a founding investor in Angel City Football Club, which has set a precedent for high investment in women's leagues. With record-breaking prizes and innovative revenue-sharing models, he seeks to change the narrative around professional women's athletics. Ohanian noted that despite being seen as underfunded, the potential for women's sports is immense as evidenced by their growing popularity and media engagement. He emphasized that the journey towards equitable pay and recognition in sports requires patience and continuous effort, but the groundwork laid today will yield dividends in the future. His transaction plans for the $1 million race in track and field highlight his commitment to elevating women's events to mainstream status. Beyond the athletics field, he discussed the significance of social media in building narratives around women's sports, pointing out how digital platforms can enhance community engagement and visibility. There remains room for growth within women's sports, and Ohanian is optimistic about the future.