Top of the Morning: Ryan Howard
Axios Pro Rata by Dan Primack
Play ball: Ryan Howard, the former Major League Baseball MVP who led the Phillies to a World Series in 2008, made sports headlines yesterday by announcing a comeback attempt that will begin in the minors. Less noticed was that Howard also signed on as a partner with SeventySix Capital, a venture firm based in the Philadelphia suburbs.
"Hopefully I'll play for another two or three years, but I'm also looking toward the future," Howard tells me. "One of the things about being a top-tier athlete is that you get to be around owners and pick their brain about business. I've always been interested in investing and entrepreneurs, and my agent made me an introduction to [SeventySix Capital co-founder Wayne Kimmel]."
Kimmel says that his firm, which is in the midst of raising a new fund, believes the sports world is integral to much of the convergence between the digital and physical worlds.