Young, who graduated with a bachelor’s degree in marketing in 2012, won the $5,000 first prize in the Quinnipiac University School of Business‘ Business Plan Competition on April 12. He has been working since last spring on Draftspot, which he describes as “a social branding platform that introduces athletes and coaches through digital media.”
Young plans to start Draftspot, now in a pre-launch phase, next year, but before that happens he’s got a busy summer ahead, including volunteering as a teacher in Ghana and playing in Europe for the FIBA International Basketball Federation. Young played basketball for two years at the University of Vermont, and then became a big scorer the last two seasons with the Quinnipiac Bobcats.
Young, who plans to raise $100,000 to start the business, believes he will benefit from the first-mover advantage and make Draftspot profitable within three years. He credits Quinnipiac with getting him ready to switch from scholar-athlete to entrepreneur. “It’s great preparation and an intense curriculum,” he said. “I’m definitely prepared.”