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:
โข Food & bev
โข sport/activity
โข 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:
1๏ธโฃ Amateur level - elite competition moving to mass participation.
2๏ธโฃ 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:
โข The Ironman logo is one of the MOST tattooed items in the world.
โข In Sydney, they hosted the world's largest road-running race (90,000+ participants).
In the full podcast, we break down:
โถ All of Ironman's revenue streams
โท Building community in event-focused businesses
โธ 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 in๐
๐งย Spotfiy: https://t.co/OpTx3QSGhU
๐งย Profluence: https://t.co/bz1nvygxVh
The PEAK Startup World Cup is almost here โ and itโs time to meet the judges shaping the next wave of SportsTech.
Judges:
๐ฅ Scott Garber @ProfluenceCo
๐ฅ Jenna Kurath @ComcastSport
๐ฅ Jeff Hintz @sportstechhq
๐ฅ Geoffrey Cheng @Boomtown
Really proud of what we've built from scratch:
โข 34,000 newsletter subs
โข 1,100 association members
โข 150,000 social media followers
โข investments into 16 early-stage companies
โข events w/ hundreds of members across the world
โข 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! ๐
๐๐จ๐ฎโ๐ฅ๐ฅ ๐๐ง๐ฃ๐จ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ฉ๐ข๐ฌ๐จ๐๐ ๐๐ฌ ๐ฐ๐ ๐๐ข๐ฌ๐๐ฎs๐ฌ: ๐
1๏ธโฃ Scaling youth clubs
2๏ธโฃ Expanding into new sports/regions
3๏ธโฃ 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 ๐