To date, the Brooklyn-based company said it has raised more than $140 million. Overtime raised in April $80 million from investors, including Amazon CEO Jeff Bezos' investment firm, global entertainer Drake, Reddit co-founder Alexis Ohanian and several National Basketball Association players. The other is direct revenue via e-commerce. One is indirectly aligning with brands by integrating them into its online media content and making money off video ads. Launched in 2016 by William Morris Endeavor executives Dan Porter and Zachary Weiner, Overtime's revenue comes from two sources. The league will also pay an additional $100,000 for college expenses should players not pursue the professional route. OTE plans to offer players education courses, life training and financial literacy. Overtime launched OTE in March, and the league allows players to profit from basketball while also letting them to capitalize on their personal brands via name, image and likeness. Overtime Elite will bring several well-paying jobs to our city, generate millions of dollars in economic impact and expand mentorship and programming opportunities for our young people." Overtime estimated the project would add 400 construction jobs in Atlanta, adding that at least 30 percent of those jobs would be "diverse hires."Ītlanta Mayor Keisha Lance Bottoms said the announcement "underscores that Atlanta is still a great place to do business. OTE President and Commissioner Aaron Ryan said in a statement that Atlanta's "diverse population, vibrant business community and rich culture" stood out in the location search. ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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