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Bloomberg Markets3 min read

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Jenny Nguyen Grows Women's Sports From Sports Bar

Jenny Nguyen founded The Sports Bra, a sports bar exclusively dedicated to broadcasting women's sports, addressing a significant gap in the market where the $2 billion sports bar industry intersected with the growing $3 billion global women's sports industry. Prior to 2022, no establishments focused solely on airing women's athletic events on their televisions. Nguyen discussed her entrepreneurial journey on Bloomberg's "The Deal" with hosts Alex Rodriguez and Jason Kelly, detailing the establishment of the first Sports Bra location in Portland, Oregon. The conversation also delved into Nguyen's strategy for cultivating new fan bases directly from the barstool environment and her success in attracting prominent investors, including Alexis Ohanian and Renee Montgomery. The Sports Bra's unique concept aims to provide a dedicated viewing space, fostering a community around women's athletics and contributing to its expansion. Nguyen is now exploring franchising the business model to replicate its success in other cities across the United States, aiming to further amplify the visibility and support for women's sports. This expansion strategy is designed to capitalize on the increasing interest and investment in women's sports, creating more opportunities for fans to engage and for athletes to gain recognition. The initiative seeks to normalize the consistent broadcasting and consumption of women's sports, mirroring the established infrastructure for men's sports. The venture represents a significant step in the commercialization and popularization of women's athletics, leveraging the social and communal aspects of sports bars to build a dedicated following. Nguyen's vision extends beyond just a place to watch games; it is about building a culture of support and fandom for female athletes. The business model's potential for scalability through franchising suggests a robust plan for national growth and impact. The involvement of high-profile investors like Ohanian, known for his investments in sports and technology, and Montgomery, a former WNBA player, underscores the perceived viability and potential of The Sports Bra concept. Their participation lends credibility and resources to Nguyen's mission of elevating women's sports. The establishment of The Sports Bra is a direct response to the underrepresentation of women's sports in mainstream media and public venues, offering a tangible solution that benefits fans, athletes, and the broader sports ecosystem. The success of the Portland location has provided a proof of concept for the business model, paving the way for wider adoption and influence.

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