American F1 driver Rossi raised millions from crowdfunding
The only American in Formula One has turned to his friends and family for funding to compete. Alexander Rossi, 24, discussed his early years with FOX Business Network’s Stuart Varney.
“From quite a young age, I started go karts at 10, and at the age of 15 an investment fund was set up by my family for potential investors [who] could buy a unit, if you will, and a piece of my future.”
Rossi is competing in the Formula One United States Grand Prix in Austin, Texas this weekend.
“Everyone [has] come… I’m the only American. I’m the first once since 07’. Lewis Hamilton obviously is the championship leader, he could win the championship this weekend… For me to race at home is an amazing thing.”
He also discussed sponsorship.
“It’s a constant battle, I think. You’re always trying to raise funding.” He added: “this is my third Grand Prix race. I started in Singapore… four weeks ago… I was racing another championship – so I’m only just now in Formula One for… not even a month.”
Rossi said if he wins, his investments, which sit between $3 million to $4 million, could grow 200 percent.