I'm a BIG believer in the "experience economy."
Consumers want to pay for a full experience nowadays...not just a one-off activity.
All under one roof:
• Food & bev
• sport/activity
• entertainment/social connection
Akin entertainment, sports & media senior counsel Randall Boe appears on the @ProfluenceCo podcast to discuss the forces reshaping the sports industry, from increased private investment and shifts in college sports economics to the evolving media rights landscape and growth of emerging leagues.
For more of Randall's insights: https://t.co/swLsVcd8LF
#SportsLaw #SportsBusiness #PrivateEquity
The Consumer-fication of Sports is a BIG trend!
Two things are happening simultaneously:
1️⃣ Amateur level - elite competition moving to mass participation.
2️⃣ Pro level - pure competition moving toward mass entertainment.
Full article here: https://t.co/e2papMxi1H
We helped start & fund the @peakconf two years ago and the initial speaker lineup is legit.
2,000+ attendees expected.
Was hard to get it off the ground but turning into a good biz/investment.
We invest up to $4M in early-stage companies building across:
- Sports
- Media & entertainment
- Human performance
- Experiences & lifestyle
DMs / email are always open
The 3 major trends in fitness with IRONMAN's CEO, Scott DeRue.
IRONMAN is the LARGEST organizer of participation sports worldwide; this year, they'll host over 260 events in 50+ countries.
You probably know them from triathlons, but they also have running and cycling events.
Other cool facts:
• The Ironman logo is one of the MOST tattooed items in the world.
• In Sydney, they hosted the world's largest road-running race (90,000+ participants).
In the full podcast, we break down:
❶ All of Ironman's revenue streams
❷ Building community in event-focused businesses
❸ Evolution of fitness sports and where it's headed next
Check it out here: https://t.co/pUftOu4lSg
@IRONMANtri@scottderue @ProfluenceCo
@JayHoovy Yo Stanley can you analyze @AndrewPetcash account of what has worked best for him
Also how he could shift his content and still go viral as wants to be thought leader around sport business, VC, and creator led models
From scaling Teamworks globally to leading with purpose, Teamworks Co-Founder Mitch Heath shares lessons on growth, product strategy, and innovation in sports tech.
Tune in👇
🎧 Spotfiy: https://t.co/OpTx3QSGhU
🎧 Profluence: https://t.co/bz1nvygxVh
The PEAK Startup World Cup is almost here – and it’s time to meet the judges shaping the next wave of SportsTech.
Judges:
🔥 Scott Garber @ProfluenceCo
🔥 Jenna Kurath @ComcastSport
🔥 Jeff Hintz @sportstechhq
🔥 Geoffrey Cheng @Boomtown
Really proud of what we've built from scratch:
• 34,000 newsletter subs
• 1,100 association members
• 150,000 social media followers
• investments into 16 early-stage companies
• events w/ hundreds of members across the world
• 270 podcasts (w/ thousands of downloads/episode)
I'm flattered to see the copycat models that have continued to emerge, as it further validates what we're doing at @ProfluenceCo.
It's how I know we're truly shaping the future of sports...
Let's keep building! 🚀
𝐘𝐨𝐮’𝐥𝐥 𝐞𝐧𝐣𝐨𝐲 𝐭𝐡𝐢𝐬 𝐞𝐩𝐢𝐬𝐨𝐝𝐞 𝐚𝐬 𝐰𝐞 𝐝𝐢𝐬𝐜𝐮s𝐬: 🎙
1️⃣ Scaling youth clubs
2️⃣ Expanding into new sports/regions
3️⃣ Common EBITDA multiples & PE in the space
Check out the full episode here:
https://t.co/5dzZPiGkr3
Exploring the mechanics of private equity in youth sports...
Today's guest is Jake Deane, Co-Founder of True Lacrosse (@truelacrossehq)
They are one of the largest operators in the space and recently did a deal with a PE firm, TZP.
Good snippet clip here 👇