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Daymond John Joins Board of Directors of Brooklyn Start Up Overtime

Daymond John 1

Daymond John, an award-winning entrepreneur, will join Overtime’s Board of Directors, the premier brand for the next generation of sports fans. Following John’s nomination, the Board will be made up of five members: co-founders Dan Porter and Zack Weiner, Sapphire Sport Partner Michael Spirito, and former Credit Suisse and Merrill Lynch Vice Chairman Ken Miller.

“It is an honor to join the Overtime Board of Directors at this exciting time in the company’s quick ascendence as one of the leading sports brands in the world,” said Overtime Board Member Daymond John. “Overtime continues to create disruptive sports IP, merchandise and content for its massive audience and it’s exciting to be able to add my expertise as the company grows to new heights.”

John will join an esteemed board in helping to shape the future of sports for the next generation of fans who consume sports differently. He is best known for his pioneering work as CEO and Founder of global lifestyle brand FUBU, as well as his role as a Shark on the Emmy Award-winning TV show Shark Tank.

“Daymond is an industry leader and entrepreneur with a unique lens that will be invaluable to Overtime as we continue to grow our business in the tech, e-commerce and IP space,” said Dan Porter, Overtime’s CEO and Co-Founder. “We’re honored to welcome Daymond to our Board of Directors as we develop new ways for Overtime to engage with and entertain the next generation of athletes and fans.” 

Overtime has continued to expand its sports IP, which now includes the professional basketball league Overtime Elite and the football league OT7, with more leagues on the way. It reported last year that it had raised $80 million in Series C funding headed by Sapphire Sport, Black Capital, and a diversified syndicate of notable figures in technology, sports, finance, and music. Bezos Expeditions (Jeff Bezos’ personal investment firm), Drake, Micromanagement Ventures (the late David Stern’s family), Alexis Ohanian, Jeff Kearl (via Pelion Capital), Morgan Stanley Counterpoint Global, Blackstone Strategic Partners, and more than 25 current and former NBA players, including Trae Young, Devin Booker, Klay Thompson, and Pau Gasol, were among the notable investors.

Overtime has become synonymous with sports for a new generation of players and fans, with content that has been viewed over 20 billion times per year and a social media following of over 65 million. The company now employs around 250 people.

The post Daymond John Joins Board of Directors of Brooklyn Start Up Overtime appeared first on The Source.

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Don’t Call It A Comeback…FUBU Makes Its Return To The Marketplace

FUBU is making its return to the marketplace. Founded in 1992 by Daymond John, J. Alexander Martin, Keith Perrin, and Carlton Brown as a hat company based out of Hollis, Queens, New York, FUBU (an acronym for “For Us By Us”) became a fashion staple during the 1990s street-wear scene. By the early 2000s, the brand had permeated the global mainstream. Artists such as E-40, Snoop Dogg, Busta Rhymes, Ol’ Dirty Bastard, Mariah Carey and *NSYNC were seen in music videos and paparazzi photos, all sporting the brand, sometimes from head to toe in hockey jerseys, hats, jackets – you name it. It was all part of the strategy. FUBU Founder & “Shark Tank” Star Daymond John Lists His Keys to Success (Video) According to CNBC, “During his off hours, [Daymond] John would hit music video sets and try to coax rappers to wear FUBU apparel in the shoot.” LL Cool J, a major proponent of the street brand, even starred in a Gap commercial in 1999 sporting a FUBU hat, without Gap executives knowing of its significance. But, as evidenced by its downfall of popularity throughout the years, the company couldn’t sustain its success. “The biggest mistake we made with the brand was buying more inventory than we needed,” Daymond John recently told Complex. “This was around 2001.” This New Documentary Shows The Untold Story Of 3 Hip-Hop Fashion Pioneers In 1995, a few years after John mortgaged his house for $100,000 to invest into FUBU with his business partners (and run the company out of that same house), South Korean company Samsung became investors of the company. By 1998, FUBU was totaling $350 million in yearly sales. But after a few missteps and investing $5 million into a compilation album titled The Good Life in 2001, the company decided to pull from the American market in 2003. Over the last few years, FUBU has been trying to make its way back into the public consciousness. Solange’s 2016 track “F.U.B.U.” might’ve been scratching the nostalgic surface, but John, Brown, Perrin, and Martin have been crafting collaborations with Urban Outfitters, Puma, Pyer Moss. Remember When LL Cool J Jacked A Commercial And Made It “For Us By Us On The Low?” (Video) Now, thanks to the aid of fellow New York retailer Century 21, FUBU is officially back and selling a new line titled “Can’t Resist A Classic.”

This new line of clothing features the classic FUBU logo on the typical FUBU garments: a t-shirt, a hat, a football jersey, and a long-sleeve shirt. The line will be sold in Century 21 stores, as well as FUBU’s official website. According to Complex, clothing is just at the forefront of the operation – the company plans to expand into licensing deals that includes suits, underwear, a women’s line, and eyewear, as well as Fubu Radio and Fubu TV. Eventually, the company also wants to create hotels. The Clothing Line That Sparked A Cultural Revolution Is Coming Back But It Needs Your Help “We feel like we haven’t touched the surface on how big it can be,” said Brown. “Fubu is not just a clothing line. It’s radio, television, and hotels. It’s a lifestyle that can play [in] many categories.” Although the company pulled out of U.S. markets, FUBU has managed to stay afloat thanks to international licenses. FUBU still sells in South Africa, Japan, China, Saudi Arabia, and Korea, where it exists as a skate brand. Escobar Season Has Returned. Nas Reunites With Karl Kani For A Clothing Line “I think overseas respects and values the hip-hop culture in America, and Fubu is synonymous with Hip-Hop and streetwear,” said John. “But today I consider Fubu American classics. I mean, there was a time when we had a really successful bedding line.” FUBU, a Black-owned business, has been known to be an acronym meaning “For Us By Us,” but John has disputed this in public via TMZ. Today, the company wants to send a more inclusive message across. Wu-Wear Returns After 10 Years (Video)

“Fubu was always built on Hip-Hop culture,” Perrin said. “When we came up with the name, we were thinking about how we spend so much money making other brands rich, but it wasn’t only meant for Black people. We were trying to say that we are of the culture and for it.”

Source: AmbrosiaForHeads.com

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