Roger Ehrenberg | Investing in Sports, 10x Funds, Traits of Top Founders, Current Seed Stage Market, Investing in Detroit
Roger Ehrenberg | Investing in Sports, 10x Funds, Traits of Top Founders, Current Seed Stage Market, Investing in Detroit  
Podcast: The Peel with Turner Novak
Published On: Thu Nov 06 2025
Description: Roger Ehrenberg is the Co-founder of Game Changers Ventures and IA Ventures.We talk about the current Seed stage venture environment, what he learned investing in sports teams, how COVID changed sports, what he’s investing in today, characteristics of the top founders, advice for emerging managers, and his real estate and consumer brand projects in Detroit.Thank you to Michael Kim, Jon Oberheide, Jesse Beyroutey, James Fitzgerald, Dan Feder, Sarah Smith, Marc Weisser, and Charles Hudson for help brainstorming topics for the conversation.Thank you to Hanover Park for supporting this episode. Upgrade to an AI-native fund admin at https://www.hanoverpark.com/TurnerTimestamps:3:45 Current Seed stage market7:17 Starting Game Changers to invest in sports 12:25 Investing in the Miami Marlins16:45 Investment opportunities in sports18:21 Tomorrow Golf League23:54 Investing in sports teams25:50 Business models in sports27:12 Importance of real estate development, gambling32:53 How COVID changed sports38:41 Clippers experimenting with cheap tickets & concessions41:51 Opportunities monetizing super fans46:51 Sports as an investable venture asset53:24 Great founders find big TAMs56:31 The desire to win58:09 Sending letters to break into Wall Street from Michigan1:02:38 Raising IA Ventures Fund 1 in 20091:07:58 Advice for emerging managers1:13:18 The Trade Desk’s three bridge rounds1:18:03 Lessons on recycling capital1:20:16 What it’s like working with your kids1:24:53 Brand Detroit1:29:14 Being world class at multiple disciplinesReferencedGame Changers Ventures: https://gamechangers.vcIA Ventures: https://www.iaventures.comEberg Capital: https://www.ebergcapital.comTGL Golf: https://tglgolf.comBrand Detroit: https://www.branddetroit.comFollow RogerTwitter: https://x.com/infoarbitrageLinkedIn: https://www.linkedin.com/in/rehrenbergFollow TurnerTwitter: https://twitter.com/TurnerNovakLinkedIn: https://www.linkedin.com/in/turnernovakSubscribe to my newsletter to get every episode + the transcript in your inbox every week: https://www.thespl.it/