Ex-NBA commissioner David Stern, along with a handful of other venture capital firms, have invested in Overtime’s $2.5 million seed round, CEO Dan Porter announced Wednesday.
Overtime is a smartphone app that allows for users to record, edit and share short-form sports video content, slightly similar to what Vine used to be before it transitioned to a Camera App last month.
Excited to announce our $2.5mm seed round for @Overtime led by @greycroftvc with @645ventures, @KenMilster, @chaacventures, @edwardlando and
— Dan Porter (@tfadp) February 22, 2017
2/2 Our financing round including @CorrelationVC Fitz Gate, Afore Ventures, @Jordalev TACK Ventures, Mike Barry and David Stern
— Dan Porter (@tfadp) February 22, 2017
When Stern was asked in December on the Sports Business Radio Show Podcast about his criteria for investing in companies, the former basketball executive said he sends inbound requests “to somebody else.