Reform Ventures

A few years ago, we embarked on a mission to reimagine basketball competition. Our goal was to create a lifelong basketball experience, much like golf, allowing players to enjoy the game and compete for a lifetime. We wanted to keep the passion for playing alive, not just spectating. The result: a game centered around shooting, capturing the thrill of a real basketball game including the excitement and drama around a real crowd and announcer generated through AI. This shooting game format allows players to enjoy the game without the typical hurdles of needing to be in good aerobic shape, endure physical contact, and play defense. Our game is played locally and virtually across the Shoot 360 network. It's structured in four quarters, with teams of three players and dynamic scoring involving 2, 3, and 5 pointers, adding elements of skill and strategy. We use our scoreboards above the baskets to track real time individual and team scoring and stats. It's all summarized in our App with all the game schedules, stats, game results, and leaderboards. The game can be played in leagues, tournaments, and open runs, offering a range of competitive formats just like the traditional game. Above all, the game is simply fun to play, focusing on the thrilling aspect of shooting. We're focused on getting basketball enthusiasts off the sidelines and back into the game, engaging millions of people in the U.S. and worldwide. With over 175 million enthusiasts in the U.S. and 2.5 billion globally, the potential is enormous and incredibly exciting! I've never been prouder of our team, and after countless hours of development and testing, we launched Shoot 360 Leagues a few weeks ago, starting with a beta across the U.S. and into Canada, involving 300 players in an international league with over 100 teams all playing locally and virtually across our facilities in real time! The feedback was phenomenal, and we're excited to see hundreds and then thousands of teams playing Shoot 360 Leagues soon. Here's a link to see the fun in action: https://lnkd.in/gUbheF-v

🚨 We have some VERY exciting news today, as we have announced two groundbreaking wearable tech innovations, developed in collaboration with Nike! Nike, with its expertise in footwear and apparel, and Hyperice, with expertise in recovery technology, have come together to push boundaries and enable high-performance warmup and recovery for athletes. The Nike x Hyperice boot is a wearable and mobile high-top shoe that offers heat and dynamic air compression massage on demand for athletes’ feet and ankles. The Nike x Hyperice vest allows for instant heating and cooling, without the need for ice or liquid, to help athletes dial their body temperatures to their exact specifications during warmups and cooldowns. These tech-enabled products are currently being utilized by many of the best athletes in the world! “Taking care of my body has always been an important part of my preparation as a basketball player. That commitment is what has allowed me to maintain a high level of play for more than 21 years now,” says Nike signature athlete LeBron James. “From the moment I tried the Nike x Hyperice boots and vest while they were still in development more than a year ago, I knew they were going to change the game for athletes’ warm-up and recovery.” “Since the inception of Hyperice, we have taken a lot of inspiration from Nike, from the care and innovation we put into our products, to how we connect with the athlete,” says Anthony Katz, Founder and President of Hyperice. “This collaboration is the culmination of years of work between our two brands, to deliver innovative footwear and apparel for the athlete with the goal of enhancing their performance and recovery. And this is just the start.” Special congrats to our WORLD CLASS product development team at Hyperice, Anthony Katz (Founder), Alex Aguiar, Johnny Northrup, Bobby Edwards Trevor Kerth and the exceptional innovation team at Nike. Game Changers! Let's goooooooo! Press release: https://lnkd.in/g_JDNmJF

Many early stage technology founders see their favorite investor on TV weekly, dunking on his competitors... Thaddeus Y. has carved out a 17 year career in the NBA, his latest stint with the Phoenix Suns. In 2018, Thad started leveraging his free time off the court to start Venture Capital firm Reform Ventures. Reform has a portfolio that sports companies such Heliogen, Airbnb, Lyft, Lime, DraftKings Inc., and more! Thad chats about getting allocation in competitive deals, shares founder's stories, and explains how Reform performs their in-depth diligence process, much of which Thad is involved with alongside Tara Hernandez, Charles Barclay and team. Our full episode can be found here. Please Like/Subscribe! - https://lnkd.in/g6cr3-Un Want to join our community? Check us out- https://lnkd.in/gJugYDVC