CONCEPT = VR/AR racing F1 or NASCAR


“When you write NASDAQ vs. NASCAR, you know that it has more power with the common man than F1”- J20.01.28.0720P

Ferrari F1 by JDM at Beverly Hills During January 2020

Source of Photos: JDM Beverly Hills

CONCEPT

UPDATE F1 01/28/2020: Before his death, Niki Lauda was the non-executive chairman of Mercedes-AMG Petronas. Following Lauda’s demise, questions were raised regarding Lauda’s stake in the team- which stood at 10%. However, Team Principal Toto Wolff said the issue would be resolved after the summer break.  Source:  https://www.essentiallysports.com/f1-news-niki-laudas-family-to-return-his-10-stake-in-mercedes-f1-back-to-the-team/

Research on NASCAR (FORBES):  The top nine Nascar teams are worth $141 million, down 3% from last year as sponsorships at high prices continue to be a tough sell. There is optimism in the garages though after a multiyear slide that saw fans and sponsors abandon the sport. TV ratings for the season increased 10%, attendance at the tracks.  Source: https://www.forbes.com/pictures/mli45hfeg/the-most-valuable-nascar-teams/#4c16cabf43ae

Research on top F1 for branding: (FORBES 2016) That benchmark was set in January 2017, when billionaire John Malone’s Liberty Media finally stepped in to buy the series for $8 billion. F1 has since seemed to find some solid ground. Last year, the series generated $1.83 billion in revenue, a 2.5% year-over-year increase. F1’s tracking stock, FWONK, has a $10 billion market cap and is trading around an all-time high (the share price is up 48% since Liberty’s purchase). American television audiences are growing—up 22% this season—as is global race attendance. Source: https://www.forbes.com/sites/chrissmith/2019/11/26/formula-one-team-values-ferrari-mercedes/#44f036f01ddb

OTHER RESEARCH:

https://www.essentiallysports.com/sebastian-vettel-has-some-interesting-suggestions-to-improve-the-current-show-in-f1/

LINKEDIN PROFILE: http://www.linkedin.com/in/jdmorris

J. Morris focuses on serving on the board of advisors and board of directors of several private companies. His family of Special-Purpose Vehicle (SPV) invests in a wide range of businesses. David Morris has helped close more than $91 billion in deals—leading more than $7 billion in enterprise value of these deals.

He has been a speaker at various industry forums, has been quoted in numerous leading publications, and has made several appearances on Bloomberg, CNET, CNBC, ESPN, and many media outlets. J. Morris hosted an educational radio show about financing deals and other hot topics after Bloomberg morning news.

The number goal of J. Morris is exploring establishing leadership chairs, paying it forward at top Universities such as Massachusetts Institute of Technology (MIT), The George Washington University (GWU), and other organizations. He enjoyed his fellowship position with GWU and LSU joint program and believe such models will move the ball forward.

Mr. Morris received a B.A. in economics with mathematics from Hampden-Sydney College in Virginia, where he worked in the development office to pay his way through college. J. Morris is an Omega Rho Honor Society student in Washington, D.C., with The George Washington University (GWU). He is currently working on finishing a two-year program under MIT Sloan Business School, as well as the MIT Computer Science & Artificial Intelligence Laboratory (CSAIL).

WHAT PEOPLE ARE SAYING ABOUT J. MORRIS

Mr. Morris was able to close a difficult international backbone financing for a start-up company for $20.0 million. Dealing with the uncertainties of Brazilian government regulations, tight emerging capital markets, and choosy investors, he raised this equity capital when no other advisors were able to even look at the deal. He is highly qualified and capable.” – President & CFO of NASDAQ that he lead the IPO (Update: Retired early and does what makes him happy).

“He is first-rate, good ideas all the time and honesty all the way. Work with the Man.” – Former acting Secretary of the US Air Force (Update: Chairman of a fund of funds).

“Mr. Morris is a strategic genius. He connects the right people to make things happen at lightning speed” – Founder & CEO of Verimatrix Inc. (Update: retired and happy).

“Mr. Morris has a gift of connecting the right people at the right time. His Investor Network has a wide range of executives and family offices that have been very helpful to me in my ventures and life” – Founder & CEO of Tarana Wireless (Update: Founder & Cheif Strategy Officer).

“I have worked with him on several acquisition transactions. I have always found him to be professional and timely. Mr. Morris delivers what he says he will in the right time frame. When he is an advisor, as opposed to the principal, he seems to have a knack for getting the two parties together. When the principal, he gets his deals done.” – Partner at Nixon LLP (Update: former partner of top DC law firm).

“Mr. Morris has been a great resource in helping me learn the ins and outs of raising capital. Every opportunity that I raise capital for, I look to JD for his guidance. His relationships with investors are enormously valuable. Additionally, he has graciously allowed me to speak on his radio show which gave my venture at the time great exposure. Thanks.” – Media Consultant to Fortune 100 companies

“I have known Mr. Morris for several years and am consistently impressed with his energy and contact base. He is well connected to the VC Community and maintains relationships with the top management of many local and regional companies. He has an excellent track record of raising capital and of advising companies wishing to do so.” Consultant to Fortune 500 companies (Update: retired or does what makes him happy).

“Mr. Morris has a wide range of contact for getting results. He has wise with sage advice. – President of his class Johns Hopkins University SAIS & business partner (Update: May you rest in peace, Mr. Clark)

“Mr. Morris not only listens and learns from my stories but provides sage advice.” – Form SVP Export-Import Bank of US under Ford as well top executive on Wall Street & business partner(Update: May you rest in peace, Mr. Gregg)

“Mr. Morris has a wide source of contacts for funding. He finds the best source of capital for a particular company’s financing needs and knows how to structure the deal. He is creative, enthusiastic, and easy to work with. I am happy to recommend him to my clients and others.” Former Partner at Akerman Senterfitt LLP.

“I’ve had the pleasure of working briefly with Mr. Morris on two projects and being in a finance industry group with him. He has a combination of finance and LBO expertise, analytic skill, business connections and enthusiasm that would make him a valuable asset to most corporate or advisory boards.” – Bay Area CPA and former FENG leadership.

Join me on LinkedIn Profile: http://www.linkedin.com/in/jdmorris

JD Morris headshot

Source photo: J. Morris in La Costa, CA 92009 by FG (former family)

Coca cola

Author: JDM

Learn more about JDM Biography on LinkedIn: http://www.linkedin.com/in/jdmorris

One thought on “CONCEPT = VR/AR racing F1 or NASCAR”

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.