A new startup called Vestible imagines a world where sports fans can invest in their favorite athletes and buy shares in their future earnings.
Why it matters: The startup, which recently received regulatory clearance, is the latest gambit allowing people to directly invest in celebrities' earning power.
How it works: Vestible, founded by former Oklahoma State football players Parker Graham and Yves Batoba, has one athlete signed up so far: Denver Broncos linebacker Baron Browning.
Athletes are treated the same as a new stock debut: There's an initial offering, then shares in the athletes' earnings can be traded after that closes.
Primary offerings go for $10 a share, and 80% of the money raised goes directly to the athlete.
Over $100,000 has been invested in Browning's stock since the offering went live in May.
What's next: Vestible says it's adding two college football athletes expected to be first-round draft picks, as well as an NBA player.
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