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In this video, Chris Bayliss, president and CEO of the Sponsorship Collective, discusses sponsorship letters aimed at securing funding from potential sponsors. He introduces two main types of sponsorship letters: the first serves as a cover letter for a sponsorship proposal, while the second is designed for situations where you struggle to connect with a prospect. Bayliss emphasizes the importance of crafting effective letters to enhance your chances of gaining sponsorship for events. He encourages viewers to subscribe to the channel for more insights on sponsorship strategies.