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Athletes In Business

How Ryan Nece Turned Success On the Field to Success in Business

Through entrepreneurship, Nece has been able to create a positive impact on people across the country.

Cam Fenton

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Nece has been able to build a career for himself after his playing days where over. (Photo via the Daily Bruin.)

The three letters “N-F-L” that represent the National Football League are also recognized to stand for “Not For Long”. Professional football players’ careers will not last forever, but Ryan Nece exemplifies how to shift his impact from on the field production to off the field success.

For this reason, the 2002 Super Bowl Champion of the Tampa Bay Buccaneers is being recognized by The Aspen Institute as one of the twenty-two 2018 Henry Crown Fellows. The prestigious Henry Crown Fellowship annually recognizes a group of leaders, primarily entrepreneurs, who have made a substantial impact in the world of business, while also creating a better society. Through the fellowship, they are provided with tools to advance their skills and talents to further impact the world, their communities, and the sphere around them.

Nece’s recognition as a Henry Crown Fellow is the culmination of the early examples set by family and influences that steered him in the direction of his football career, business ventures, philanthropy, and his servant leadership throughout it all.  

Growing up, young Ryan Nece watched his father, Ronnie Lott, earn the reputation as one of the NFL’s greatest players and most feared tacklers of all-time. Lott was a warrior on the gridiron, but he also proved himself as a savvy businessman and was very philanthropic as he transitioned following his career.

Nece’s great-grandfather also exposed him to business and entrepreneurship through his ownership of a restaurant. He learned many of the basic principles of business by watching and learning from his great-grandfather. Those business seeds were planted early.

For college, Nece headed to UCLA to play football and major in Business and Economics. There, he was a four-year starter for the Bruins before signing to the Tampa Bay Buccaneers in 2002.

Once in Tampa, he made a point to get out and connect with his new community by serving in it. In 2006, Nece founded the Ryan Nece Foundation, which works to empower teens to become leaders and embrace the Power of Giving through volunteerism and inspirational leadership programs. 

In 2010, Nece embarked on his first business venture in the world of tech with his former teammate Jeb Terry. The duo wanted to create a medium that would allow fans to have enhanced access to their favorite athletes.

Instead of athletes’ messages being told by media personnel, the athletes would have an opportunity to manage their own brands, tell their own stories, and provide the fans with unparalleled access via real-time video and audio updates. This platform was called StraightCast Media.

After making waves with the “Gridiron Grunts” mobile app and the FOX NFL Sunday segment “On the Bus”, StraightCast was acquired by FOX Sports Digital in 2015.

Following the deal, Nece saw an opportunity. The acquisition of StraightCast led to other tech startup founders to reach out and ask for advice on how to succeed. This sparked Nece to start Next Play Capital, a venture capital firm he launched in 2015.

Nece envisioned creating a community of individuals in a number of sectors such as sports, business, and media who were seeking to put money to work in venture. Next Play has successfully done so by connecting their community of individuals within the sports industry and beyond with opportunities to successfully invest their money.

In Nece’s words, Next Play’s mission is, “to provide our diverse investor community [of family offices, influencers, athletes, team owners and strategic corporations] risk-adjusted investment opportunities in tech through access to the very best venture funds and their portfolio companies.”

In addition, the educational component of Next Play has been essential. They are creating opportunities for their community to gain exposure to the business and to gain an understanding to make smart decisions with investments.

One person who has benefitted from Nece and Next Play’s efforts is current Offensive Tackle for the New York Jets, Kelvin Beachum. He has witnessed and reaped the rewards of Nece’s care and leadership by learning the business of investing under his wing.

“One of the things that people don’t talk about enough is that it’s not about him, “ says Beachum. “He’s trying to figure out a way of how we bring a collection of people together from diverse backgrounds. How do we elevate each other?”

Beachum recognizes that Nece is about more than just investing in business, but also investing time and energy into people so that they can be impactful individuals as well.

Tina Sharkey, co-founder and CEO of Brandless (which Next Play is an investor), is a 2004 Henry Crown Fellow. She recognizes Nece’s special qualities that make him worthy of the Fellowship.

“Ryan is the prototypical, perfect [Henry Crown Fellow] candidate…[The committee] looks for people who are at that inflection point in their careers and in their lives who are ready to take the next level of engagement. They look at their success, the relationships, the network, the knowledge, the experience and translate that and give them the tools, the muscle, and the network to take that success and turn it into significance, and ultimately impact for the world.”

The fellows will have an opportunity to go into isolation with one another and go off the grid. Nece plans on being a sponge during his fellowship experience. “Iron sharpens iron,” he believes. “If you really want to learn, grow, and figure out how to be better, you can’t do that on your own. You need other people that have done it and can help show you the way.”

He hopes to come back from the fellowship an even greater leader and servant. Although he is viewed as a success story, he wants his lasting impact to be that he was able to empower and uplift the lives of others by allowing them to stand on his shoulders and to go above and beyond what he has and will accomplish.

That impact extends from providing an empowering environment to the students of the Ryan Nece Foundation, to helping the Next Play Capital community to flourish, to being a guiding light for other professional athletes to seek exposure and opportunities for them to parlay their athletic wins into wins off the field.

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Nece lives out the words once spoken by the great civil rights leader Cesar Chavez, “We cannot seek achievement for ourselves and forget about progress and prosperity for our community… Our ambitions must be broad enough to include the aspirations and needs of others, for their sakes and for our own.”

Nece has been a servant leader throughout every endeavor thus far. The fellowship begins a new chapter of opportunity for him to make an even greater influence and to leave his mark on the circles he touches.

Cam Fenton joined the Front Office Sports team in early 2018. After realized the expanded impact that he can have on the sports and athletics industry, Cam transitioned from Illinois Fighting Illini Strength and Conditioning Coach to the external side of TCU Athletics. He now uses his voice with FOS to help move the industry forward.

Athletes In Business

Cryotherapy Meets Jaylon Smith’s Crucial Three C’s

The Dallas Cowboys linebacker’s investment is more than a business move. It’s a personal statement by someone whose NFL career almost ended before it began.

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Photo Credit: Matthew Emmons-USA TODAY Sports

Cryotherapy has entered Dallas Cowboys linebacker Jaylon Smith’s life in a big way.

Smith was introduced to the low-temperature recovery technology during his breakout 2018 campaign, and he credits his on-the-field success in part to the process. Now, the third-year pro is going all in and investing in Houston-based iCRYO in a move that Smith said aligns with his investing philosophy: the three C’s.

For Smith to invest in any partnership, he needs a potential deal to have the right character, chemistry and competence.

READ MORE: Trio of NFL Players Work Together for A Dunkin’ Retirement

“If you align on those three, and it fits with everything I’m trying to do from a brand and capital standpoint long term, I’m in,” Smith said. “That’s what they possessed.”

Along with becoming an equity partner, Smith hopes he can help be a major part of the branding for iCRYO moving forward.

“Just to get the word out about cryo,” he said. “It’s something that’s been around, but not everyone has experienced it. I can be a voice, a face, for cryo and iCRYO. I just love what it does from a healing standpoint relieving muscle pain, sprains, swelling.

“Cold therapy is wonderful, and I believe everyone should be doing it, not just athletes. It’s an energizer in overall life.”

Smith discovered the practice last year at the Cowboys’ practice facility. Now that he’s a regular user, he wishes he would have discovered it earlier. During his junior season at Notre Dame, Smith suffered a brutal knee injury in the Fiesta Bowl that required an intensive rehabilitation regime. He plummeted from a likely top-five draft pick in the 2016 NFL Draft all the way down to 34th, ultimately missing his entire season.

Smith debuted in 2017 and partly credits his cryotherapy discovery for his standout second season, during which he recorded 121 tackles and was named 2018 Pro Football Focus’ Breakout Player of the Year. With the physical demands of football, Smith said the cryotherapy helps him recover much faster than traditional ice baths.

“The sport I play, in the NFL, it’s a very physical and violent game,” Smith said. “Availability is everything. It’s all about how fast you can recover.”

Smith’s investment is more than just an endorsement deal or some money; he’s putting his money where his mouth is, said Kyle Jones, iCRYO COO and co-founder. Jones opened the first company’s retail location five years ago and has since sold “a couple dozen” franchise locations, grabbing a significant market share in a relatively new industry that could reach $5 billion by 2024.

The two hit it off during the 2018 holiday season at a Boys and Girls Club event, and as they teamed up it became clear to Jones that, given Smith’s injury history, this investment was personal.

“He’s shown nothing but serious involvement,” Jones said. “He wants to know the science, get involved with the business. He’s very hands on.”

Beyond his position as an equity partner focused on providing brand awareness support, Jones expects Smith to own several franchises in the near future.

Smith has always wanted to be an entrepreneur, and this entry into the cryotherapy space is not his first business endeavor. He also started an eyewear line called CEV Eyewear, a venture he enjoys both for his love for eyewear as well as the brand’s name, Clear Eye View, signifying the sort of focused approach he believes everyone should have for life. Beyond his own businesses, Smith said he’s always looking to allocate a portion of his money into real estate, private equity and venture capital investments when possible.

As an NFL player, Smith understands he has access to opportunities many other aspiring entrepreneurs don’t have. He’s hoping to capitalize on them as much as he can before those advantages go away while learning as much about business as he can when he’s not on the field.

READ MORE: Jake Plummer Carries Quarterback Lessons into the Startup World

“I want to maximize the platform of being a professional athlete,” he said. “You’re granted with stature and stardom, and you can leverage the impact and influence for access and connections.”

Smith is only two years removed from the injury that many expected to end his career and remains cognizant of how quickly football can be taken from him. Off the field, like many other modern professional athletes, Smith is already looking beyond the horizon, looking to set up his post-playing days.

“Whenever I’m not playing, I have a love and desire for entrepreneurship,” he said. “I’ll continue to dive into that and educated myself and my peers, providing access to people I love and people who deserve opportunities.”

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Athletes In Business

Trio of NFL Players Work Together for A Dunkin’ Retirement

Ricky Jean Francois, Jordan Reed and Sam Shields are building a Dunkin’ empire in South Carolina and Georgia to better set themselves up for retirement.

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Photo Credit: Mark J. Rebilas-USA TODAY Sports

Prior to his fifth season, Ricky Jean Francois received a significant lump sum of cash from the contract he signed with the Indianapolis Colts. He knew exactly what to do with it. 

“I needed a retirement fund,” said Jean Francois, a 10th-year defensive tackle who’s currently a free agent. “I had the money but didn’t want to spend all the money. I wasn’t going to be a 30 for 30 subject about going broke. If I had the resources, we needed to get a retirement plan going.”

His financial manager, Sherard Rogers, suggested Dunkin’ franchises as a potential pathway for his post-career plans. Rogers brought Jordan Reed and Sam Shields, two of his other clients, into the fold, and together the three players started U Donuts, LLC. The business has since purchased territory rights between Hilton Head, South Carolina, and Savannah, Georgia, with the potential to build 26 stores. The company began with three locations and now has nine operational, with four more planned to open this year. Jean Francois said U Donuts is prioritizing steady growth over exploding the number of franchises.

READ MORE: Jake Plummer Carries Quarterback Lessons into the Startup World

“It’s a growing brand that will let us take it as far as we want to,” he added. “Everybody loves coffee. “We thought it’d be smart to get into something a lot of people can’t not start their day with”

Dunkin’ relies on franchisees like the trio of NFL players to continue its growth throughout the nation, said Grant Benson, Dunkin’ Brands senior vice president of franchising and business development. Benson noted Jean Francois, Reed and Shields all demonstrate high confidence in the Dunkin’ model, which makes them easy to work with.

“Many of the skills learned in sports can translate to franchising, and these professional athletes know how to work hard and utilize the operations playbook to their advantage,” Benson said. “We look forward to working with U Donuts to bring great products and an exceptional guest experience to our loyal guests throughout South Carolina and Georgia.”

The trio of NFL players combined their efforts to help other prepare for their post-NFL lives. Jean Francois said the trio could have prioritized individual endeavors but understood early on that combining resources will better prepare all of them for retirement.

“It’s better when you have other people that want to get their post-career started now, investing now,” he said. “I get to learn from them, they get to learn from me, and we all get to make our money work now and see what our money is doing.”

Likewise, Jean Francois said he’s excited to set himself up for other business endeavors, which might start sooner rather than later, as he’s unsure of whether he’ll be on a team this fall.

“We all work together, get on calls with one another and our other partners that are professionals, so I know it as well,” he said. “I’m on the back end of my career, so I have to start preparing and be used to it.”

One additional venture could be real estate. The group is currently purchasing the real estate on which future Dunkin’ locations will sit, provided they don’t get a better offer for the land. 

READ MORE: Chargers’ Ekeler Takes to YouTube to Build His Brand

“I want to look at dirt and not see it as dirt, [but] I see the future Dunkin’ built there,” he said. “Being part of it makes you work, makes you work the brain.”

As the trio of players continue to build their coffee and donut empire, Jean Francois wants more players to focus on building their post-career plans early on, so they can retire and walk gently into a comfortable life.

“When you have the resources, why not set an example for others?” he said. “We’ve all seen these recent deals. If these guys put 10% away, they can own whatever they want and coast.”

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Athletes In Business

Jake Plummer Carries Quarterback Lessons into the Startup World

After years on the sidelines in retirement, the Pro Bowl quarterback has entered business world by co-founding ReadyList Sports.

Mike Piellucci

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Photo Courtesy: ReadyList Sports

Jake Plummer isn’t ashamed to admit it: The former Pro Bowl quarterback had no idea what he was getting into when he agreed to co-found a startup. He’s just glad his wife gave him a push.

He had been out of the NFL for nine years in 2015, and none of his post-retirement projects had stuck. None of them necessarily had to, either, with the windfall he accrued over 10 NFL seasons. He briefly took up coaching. He dabbled in real estate. He advocated for Charlotte’s Web CBD, a hemp oil. A stint on television with the Pac-12 proved to be short-lived. “That got old pretty quick,” he says.

But he had no clear direction until Chad Friehauf, a friend and former teammate on the Denver Broncos, showed him with a 300-slide PowerPoint presentation at a Boulder, Colorado, coffee shop. The subject was a business venture called ReadyList Sports, a product that digitizes football playbooks and makes them interactive. Plummer returned home and went about his week until his wife, Kollette, urged him to call follow up with Friehauf.

READ MORE: Jaguars’ Unique Arrangement Builds U.K. Audience

“’Did you look into that? It looked like a pretty cool idea. If it was to work, it would be a pretty awesome deal,’” Plummer recalls Kollette telling him. “Some men are afraid to admit it, but I’m not: My wife is usually right.”

Plummer signed on, and the two former quarterbacks got to work. As CEO, Friehauf handles the technical aspects. Plummer’s strength, meanwhile, is thinking ahead, not only to where the company is going but who it can partner with to get there.

“He’s definitely a big door-opener for us, whether it’s teams, coaches, investors, front office people, just his network now that his teammates are coaching high school or his teammates have kids in youth sports,” Friehauf says. “He’s great at seeing the big picture of where we want to take this thing.”

For Plummer, that means as high as possible. The product is tailored for all levels of competition, and Friehauf says ReadyList has clients ranging from youth flag football to the collegiate level via the University of Louisville. But its crown jewel is a longstanding relationship with current New York Jets and former Miami Dolphins head coach Adam Gase, who used the system in Miami after Plummer originally approached him during Gase’s time as the Broncos’ offensive coordinator. The next step is to add more clients like him.

“The pro level is where we feel we can validate this,” Plummer says. “Once you can convince a couple of coaches who are influential – and not just influential by making people do stuff, but if they do something, everyone is like, ‘Oh, we better check this out’ – that’s what we’re pursuing.”

Plummer says he’s encountered his fair share of pain points in his first-ever business venture. Among them: business terminology, the ever-changing timetables and updates associated with ReadyList’s technology, and, of course, work-life balance.

“You learn through business and starting this up that the work’s really never done,” he says. “There’s always somebody I haven’t called or emailed or told about this, so it can be tiresome if you don’t say ‘Alright, it’s 5 o’clock, I’m done. I won’t make any more calls, won’t answer any more emails.'”

Perhaps the greatest challenge of all, however, lies in persuading the often-close-minded world of football to think differently. That was never a problem for Plummer, who famously left the NFL to pursue a career in handball. It can be another matter entirely for coaches who are sometimes used to teaching players in a certain way for decades.

“We’re hoping that this tool can convince coaches, ‘Hey, there’s a better way to teach and there’s a more efficient way to run practices and everything,’” he says. “Kind of streamline that so time can be spent strategizing how to beat an opponent, not just getting kids lined up right.”

But four years of startup life have taught Plummer something valuable. After years on the sidelines following his retirement, he now realizes was more ready to take on a large-scale venture than he ever knew.

READ MORE: Less is More: How Andrew Luck Handles Off-The-Field Partnerships

“Being a quarterback, I realize I was already so immersed in business, but I didn’t know it,” he says. “You’ve got to be able to really play a lot of different roles. So as the business side of things has come around, I’ve learned a lot about it. It’s really been an easier transition than I thought, just because, as a QB, you’ve got to know your personnel, right?

“You’ve got to know your guys, how they respond when you push them, how you respond when they’re praising them, and the same goes with business. You’ve got to know when to put the pedal to the metal and when to lay off a little bit.”

Plummer is well aware that the work is only beginning. ReadyList intends to launch a new high school-specific product within the month, while the football offseason represents a prime sales opportunity for teams eager to get their selections in this month’s NFL draft up to speed as soon as possible once they’re signed. It’s been more than two decades since Plummer was in that situation as a first-round pick out of Arizona State. He’s learning to reacclimate to the learning curve.

“As a businessman now, to correlate to playing ball, you have failures,” he says. “You lose games, but you’ve just got to back to the drawing board and figure out what you can do better next time.”

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