June 1, 2011 – Dan Lounsbury, founder of the TPG group of companies, has announced an investment in the startup Velocity Lacrosse. The venture aims to not only meet a growing demand for high-quality, certified lacrosse balls in South Florida but also to teach Lounsbury’s sons, Thomas and Nic, valuable lessons in entrepreneurship and business ownership.
“The purpose of Velocity Lacrosse is two-fold,” said Lounsbury. “Firstly, this is my opportunity to teach my sons the meaning of entrepreneurship and business ownership. As standout lacrosse players, I want both Thomas and Nic to understand that any business should be an endeavor of love; it should never feel like work if you do something you truly enjoy. Secondly, local lacrosse teams in South Florida often struggle to find high-quality lacrosse balls that are in stock and certified to the standards established by the NOCSAE.” “To be candid, I will take any opportunity I can get to spend more time with my boys!”, concluded Lounsbury.
By leveraging Lounsbury’s expertise in manufacturing, Thomas and Nic recognized an opportunity to start a business that delivers a much-needed product to the local lacrosse community, ensuring that teams and players have access to top-notch equipment. The first group of products, already in production, will be buckets of 50 and 75 balls in a variety of colors.