29 min listen
Why sports tech is bigger than a game
FromEquity
ratings:
Length:
18 minutes
Released:
Jun 2, 2021
Format:
Podcast episode
Description
For this week’s deep dive, Alex and Natasha dug into the burgeoning of sports media, sports gaming, and fantasy sports world today through the lens of some early-stage startups. Naturally, the Equity team is what comes to mind when you consider the correct and right people to discuss sports. We are here to back up your priors.Jokes aside, we had a good time digging into the following:THE GIST raised $1 million. Both Natasha and Alex were very bullish on the company's product, focus, and market. Especially in light of some recent media deals that have kept our hearts aflutter over the last few quarters.Blaseball raised $3 million. Whether it is blah-ZAY-ball, or BLACE-ball, the Equity team thinks that having fantasy fantasy sports is meta, good fun, and perhaps appeal-broadening the larger, somewhat hoary world of baseball. Also baseball could use more whimsy in general.And the fantasy talk continued as we got to cricket, which is a massively adored and obsessed over sport in India especially. Earlier this year, Dream11's parent firm raised $225 million at an over $2.5 billion valuation to build an end-to-end sports tech company around the sport.We'd venture out to say we are probably the only tech podcast this week that found an angle to riff on within sports and donuts, which is why we love our jobs and why we hope you love the show. Surprises keep things fun, and much love to our producers, Chris and Grace, for constantly sourcing creative material that may have flown under the radar otherwise.Back Friday!
Released:
Jun 2, 2021
Format:
Podcast episode
Titles in the series (100)
Equity Shot: Everyone filed to go public Monday: Natasha and Danny and Chris and myself all piled back onto the mics to dig through all the numbers. Here's a rundown of the companies we went through: Palantir, which filed its formal S-1 during our recording session. Danny covered most of the news last Friday, but the public doc is now live, so happy sleuthing. Unity's huge IPO that shows how big gaming is. Natasha connected it to the broader Apple-Epic dustup, and we all reviled in its growth results. Snowflake had Danny so excited he was conjuring scripted segues, and we were all impressed at its historical growth. Sure, it lost a lot of money last year, but, hey, Snowflake has dialed that back as well. And then there was Asana, a company I've covered quite a lot over the years. Our general take is that the company's growth has been good, if it is losing more money than we anticipated. Still, Asana could set a neat new precedent of raising debt ahead of a direct listing. This is one by Equity