We recently had some time to pick the brain of Jeremy Levine, the founder and CEO of StarStreet. During our time we touched upon the history of sports stock markets, as well as the future of the industry. As Jeremy puts it, StarStreet is like E*Trade for sports players instead of companies.
OWS: How’d you come up with the idea to start an online sports stock market?
Jeremy: It’s an idea I’ve had ever since I was a little kid collecting sports cards. Always how I thought about it. I always wanted the rookie cards of the players I thought were going to be good, because I thought down the line I could sell them for me. It was always my best idea, and as soon as I graduated college I went at making it happen.
OWS: When did you start StarStreet? Tell us a bit about that process and settling on a location
Jeremy: Started in May of ’09 (right when I graduated), though it moved much slower back then (I’m not technical, had no money and no helpful connections). I moved back home to Cambridge (where I grew up), so that’s why, but certainly doesn’t hurt that Cambridge/Boston has one of the best start-up ecosystems in the world.
OWS: I recall somewhere in the 2006-08 timeframe, while I was an undergrad I found something called ProTrade. ProTrade was founded upon a somewhat similar idea. Ultimately that website closed its doors. There have also been a few other similar start-ups that have popped up between ProTrade’s days and now. What differentiates StarStreet from these other “stocks stock markets”?
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