Sponsored
If you stop by Koreatown's Immanuel Presbyterian Church on Sundays, you might run into Kavodel Ohiomoba pushing a broom across a basketball court hidden on an upper floor of the cavernous historic French Gothic cathedral. It's a favorite movie backdrop for Hollywood films.
On a Bose portable speaker, you also might hear rapper Polo G's mellow-sounding "RAPSTAR" echoing off of the mid-century gymnasium's walls: "Lately, I've been prayin', God, I wonder, can you hear me? Thinkin' 'bout the old me, I swear I miss you dearly."
The six-foot, four-inch tall Ohiomoba, known as "Kav", gets the gym tidied up before the first game starts at 9 a.m. sharp. The "run," or freewheeling run-and-gun basketball game with connections drawn together by Kav, came together this past summer as the pandemic began to subside and vaccines were readily available to all. He got the idea of using pickup basketball as a way to network with the tech community from Jeff Jordan, partner at A16Z, who runs a famous pickup game in Palo Alto.
Kav is chief technology officer of BallerTV, the Pasadena-based streaming sports company that livestreams youth sporting events at scale, and is currently focused on basketball, volleyball, soccer and lacrosse.
Before BallerTV, the Stanford alum put in work at a few tech startups in the Silicon Valley, including MOCAP Analytics, where he was a member of the founding team as a data scientist and software engineer. The MOCAP team leveraged machine learning and computer vision to build a data storytelling engine on top of the player tracking data that was quickly being adopted by NBA teams.
"The opportunities were truly endless," Kav said. "We were building models that told us which players and teams did what, where, how and when."
As advances in computer vision — and later, machine learning and artificial intelligence — introduced new possibilities for sports viewing, Kav sought to bring broadcasting and video to athletes who weren't being streamed on ESPN or major television outlets. Not long after, he co-founded FieldVision, which built hardware and software using artificial intelligence and computer vision to autonomously film any team sport, anywhere.
BallerTV CTO Kavodel Ohiomoba
FieldVision came into the BallerTV fold via acquisition about two years ago, and proved to be a slam-dunk for the company. Since its launch in 2016, BallerTV had relied on an army of 30,000 videographers throughout the United States to film youth athletic games ranging from basketball to volleyball.
Kav spearheaded the effort to take FieldVision's machine learning — fueled by artificial intelligence algorithms — and put it all into an iPhone app. After a few months, the i1 platform was born. The platform uses an iPhone rigged up with a wide-angle lens and its software tracks players on the court, ball movement and shifts in a fast-moving game. The game is then broadcast live to BallerTV's rapidly growing network of subscribers, allowing anyone with an internet connection to watch as if they were sitting courtside at the game.
The i1 platform has been revolutionary for BallerTV, which filmed 350,000 youth sports games in 2021. On a given weekend, BallerTV can film more than 20,000 games. That's 5,000 more games in a weekend than the 15,000 ESPN televises in an entire year.
Kav says there's a bigger purpose behind his basketball runs. The group is diverse and inclusive, with participants coming from all parts of L.A. and a variety of professions. The basketball games serve as a form of connection between people, regardless of their backgrounds.
Some runs have included BallerTV's co-founder and co-CEO Aaron Hawkey, nicknamed "15 and in," mostly because he's money from within 15-feet of the basket; Marcus Boyd, a former professional track and field athlete turned software engineer; John Daniels, founder and CEO of Navtrac, a logistics technology company that utilizes artificial intelligence software to track inventory, and Tommer Schwarz, a doctoral candidate in genetics at UCLA.
"I'm an old man. I did not injure myself last weekend, but I missed several layups in spectacular fashion," said the 40-year-old Paul Haaga, managing director of HW Capital in Santa Monica, of his performance one weekend in October.
Haaga's firm was an early investor in BallerTV, as well as a number of other early-stage companies and real estate deals.
"It's interesting, if you see guys enough on several Sunday mornings in a row, you get to know who they are as people on the basketball court, and that's probably a pretty good indicator of who they are in life. Do they play fair? Do they play hard? Do they compete? It's a good indicator of someone's qualities, and if they have relationships outside of the game, then that's all the better," said Haaga, who makes the 14-mile drive in from his La Cañada residence.
And few reveal who they are quite like Kav, who attends to the runs as he would a group of his close friends.
"There is no job that is below [Kav], whether it's dusting the floor before we get there, or making sure that everybody's hydrated with Gatorade. He's always thinking about your health, right? Everything is sugar-free," observed Ryan Sauter, an entrepreneur in the hospitality industry whose Hybrid One is headquartered in downtown's Arts District.
Sauter's highlight of the week is when he gets the weekly email from Kav asking 60 other like-minded people on the distribution list if they're in or not for the weekly pick up at the church.
"I definitely look forward to that email, which comes Wednesday or Thursday," Sauter said. "It kind of brightens your day a bit because you're like, 'Hey, I can't wait until Sunday to play with everybody."
After breaking a sweat at the church, Kav and the others head over for some chit-chat and a cup of joe at the Starbucks or Blue Bottle Coffee near the K-Town church. Even grabbing a post-run cup of coffee is a welcome respite in a time where people are trying to be connected more than ever.
"We're coming out of COVID, and that's how this evolved," Kav said. "We were itching to meet each other. And of course, I think we were all itching to get back out on the court."
- BallerTV Acquires NextPro, Streaming Rights to Youth Sports - dot.LA ›
- BallerTV Launches NFTs for High School Athletes - dot.LA ›
Luke Wang, 5G Labs lead for Verizon, moderated a speaker panel featuring Pam Allison, head of 5G Labs strategy and partnerships, Ian Nelson, senior manager of business development of Ryot, and Corey Laplante, chief operating officer of Mixhalo.
Verizon 5G Labs co-hosted the event with dot.LA.
"L.A. is at the very intersection of tech media entertainment, and 5G is completely changing the game for all kinds of use cases across the super industry," said Sam Adams, CEO of dot.LA, in his introductory remarks at the event.
Nelson, who works on technology that relies on fast wireless speeds, said 5G has been greatly beneficial in his line of work.
"I tend to think about 5G as an accelerant to degree, right? It does enable quite a bit of features and ways to interact with content and products, but it really does benefit when you tie it to other technologies," said Nelson.
Allison talked about the accessibility of 5G for people with newer phones.
"The first is nationwide 5G and that you know, if you have a 5G phone, it means you get 5G almost anywhere that you can typically get 4G," said Allison.
Laplante lauded Verizon for what the company has been doing outside of being just a mobile carrier and entering the entertainment space.
"Look at the NFL deal that they just struck two or three weeks ago. It's a 10-year deal. They're in all these stadiums, the opportunity and scale, there's like nothing we could achieve with another mobile carrier," said Laplante.
- Event: Where Is Immersive Gaming Going Now? - dot.LA ›
- The Startup/ Venture Relationship with Clash and Seven Seven Six ... ›
- dot-la-summer-series - dot.LA ›
Austin Allison's love of real estate surfaced at age four or five when he would work with a hammer in hand alongside his dad, who was a carpenter.
He bought his first house at age 17 and began selling real estate at 18.
Now, Allison is CEO of Pacaso, a second home co-ownership platform he co-founded in 2020 along with dot.LA chairman and former Zillow Group CEO Spencer Rascoff. Allison was also a Zillow executive.
The idea came to him when he and his wife dreamed of purchasing a second home, and found few options to do so.
"We were like most families who aspire to own a second home but could not afford it at the time," he said.
Allison saw an opportunity and a way to make second homes more affordable through a co-ownership model. He also believed that by consolidating multiple owners in one home, it would help the housing market in these communities by filling second homes year round.
Pacaso co-founder and CEO Austin Allison
The concept of co-ownership isn't new, but unlike "DIY" shared ownership arrangements among family members or friends, Pacaso manages all the details for potential home buyers. Pacaso purchases a home and creates a property-specific LLC. The home is listed through the MLS and on Pacaso's website, and potential buyers can then purchase the share of ownership they want, starting at one-eighth.
Each home has a maximum of eight owners. An owner with a one-eighth share can use their home at least 44 days throughout the year.
Once all shares have been sold, Pacaso transitions to handling ongoing maintenance, LLC oversight, bill payment and scheduling. Pacaso charges an initial service fee, which is a percentage of the home's sale price, and then charges a flat rate of $99/ month per share for its management services.
One of the benefits of buying a home through Pacaso is that buyers can purchase higher-end homes for only a fraction of the cost, making second home ownership more accessible. For example, someone can spend $500,000 to buy a share of a $4 million home. Allison calls this "right sizing" home ownership, because most owners don't need a whole home.
"It doesn't make sense to own 100% of something that you're only going to use 12% of the time, so why not just buy 12%," he said.
George, a Bay Area tech CEO and Pacaso owner in Napa, agrees.
"It was clear the team had really thought about what the shared economy looks like for vacation homes, and what it would look like for me and my wife who want to take advantage of a second home but are busy and active in our work lives," he said. "We're not retired or close to it, so I'm not going to be occupying a second home more than 15% tops. It's a perfect product for someone like me, and that helped us move forward quickly and become owners of a Pacaso home."
Lowering the price of entry for homes in desirable (and pricey) markets is opening up second home ownership to a broader buyer pool. Allison said many Pacaso owners are people in their 40s and 50s with children, and a quarter are non-white and/or part of the LGBTQ community.
Another benefit for owners, especially those who are still working full time or live far away, is not having to worry about the home when they aren't there. Pacaso is responsible for maintenance and management, simplifying the experience of second home ownership.
The model is common in commercial real estate, but not so much in the vacation home industry. It's different than the traditional timeshare structure, which is typically limited to hotels or resorts rather than single-family homes. Timeshare units are shared with up to 52 other people, rather than just seven other families.
Through Pacaso, the buyer owns their share of the property and can sell it on the open market. With a timeshare, residents typically own the right to use the property, not the property itself.
When it comes to wanting to sell the property, the process is similar to whole-home resale. It is listed on the MLS and the value tracks with the local market, which is a huge differentiator from timeshares, which typically lose value.
"One of the biggest hurdles for any buyer is understanding what Pacaso offers that's different from a timeshare. Seeing that there's value in ownership and you get to use it for what you need instead of feeling 'stuck in a timeshare' is hugely important," George said.
In addition to the benefits for buyers, Pacaso's model also helps the housing market at large by removing up to seven buyers from competition for each home. Demand for second homes increased 100% year-over-year in 2020, according to Redfin, as work became remote and people could work from anywhere. This spike in demand was felt in popular second home markets, where buyers were competing for the same homes needed by local residents. The net effect has been less inventory and higher prices.
Because most buyers of whole second homes only plan to use them several weeks out of the year, the homes sit empty most of the time. This means local businesses suffer, because more often than not, there's no one in the home to shop at local stores and patronize restaurants in the community.
Allison and his wife eventually used their savings and purchased a second home in Lake Tahoe in 2014. They became part of the Lake Tahoe community, meeting neighbors and making friends, shopping locally, frequenting restaurants and finding trails to run on.
He said, "It enriched our lives, which is how we came up with the mission of our company: to enrich lives by making second homeownership possible and enjoyable for more people."
"More people should have access to this dream," Allison added. "It shouldn't just be a privilege that's limited to the top 1%. Many tens of millions of additional people should be able to realize the dream. That's why we created the company, and that's what we plan to do across the globe."