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Reflecting on The Future of Sports: Thoughts Coming out of The RAISE Global Conference
- Courtside Ventures closely follows the proliferation of sports investing in multi-billion dollar verticals like digital media, gaming, collectibles, wellness and live entertainment.
- Investment in these categories has yielded multiple success stories like the Seed round investment in The Athletic, contributing to the company’s acquisition by the New York Times for $550M in cash.
- Sports are embedded in the fabric of global culture, impacting communities of passionate fans, consumers, and collectors on a daily basis.
- The growth of sports has gone far beyond fan metrics and into major B2B and commercial realms. Recently, FANGMA companies invested in major sports rights packages, driving team valuations and player salaries to unprecedented heights.
- Sports as an investment category are largely uncorrelated to the pendulum swings of public markets, proving consistent and reliable growth throughout market cycles.
- Sports represent one of the last parts of humanity that bring us together. They provide joy, serendipity, spontaneity and escape at a level unmatched by any other form of entertainment.
- Almost everything Courtside Venture's CEO learned about being successful in his career has come from sports; hard work, perseverance, team work, dedication, determination and discipline.
- Venture is a combination of hard work, intelligence, skill, timing and instinct with a little bit of luck in this highly unpredictable and chance-driven market.
- Courtside Ventures aims to focus on large markets, great founders, and operational excellence of startups to drive great returns for their investors continuously.
- Courtside Ventures is enthusiastic about the predictions of a $630B growth of sports and surrounding markets by 2028, securing uncorrelated alpha for their LPs.
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