New technology from startup ventures is transforming the global sports industry. This Startup Series has introduced over 300 startup companies in the sports technology space to a broader audience by allowing Founders of promising new ventures to tell their story and pitch their idea. Feel free to submit your startup’s answers to the below questions or contact us if you know of a startup that should be considered for inclusion in this series.
This series is supported by Stadia Ventures. If you are a sports technology startup looking for strategic investors, we recommend checking out their upcoming accelerator programs.
Company name: Groundwork
Founder(s): Bill Lennon and James Bergeron
Headquarters: Los Angeles, CA
Website: https://www.ground.work
1. What is your elevator pitch?
Groundwork helps youth sports teams and clubs organize, track and accept payments online. Groundwork automates the busywork by automating payments and reminders and gives parents an online portal to manage their payments throughout the season.2. Problem & Solution
Paying and collecting team dues for youth sports is tedious, time-consuming and frustrating. Parents often have no way to pay online and still largely pay by cash and check. Organizations struggle to stay organized of who owes what and when. Team and club organizers spend countless hours keeping track of payment plans and reminding parents to pay.3. Market – your target market and the overall market
Youth sports teams and clubs, especially travel and club sports where they manage payments for team expenses throughout the season.4. Business Model – how do you make money?
Our non-profit pricing charges teams $10/mo when they are actively using Groundwork. Parents can pay by bank for free, or pay using a card if they pay the additional processing fees (just like Venmo).5. Management Team – with titles
Bill Lennon, Co-Founder and CEOJames Bergeron, Co-Founder and Executive Chairman