Deepen Parikh: Partner, Courtside Ventures

Suiting Up with Paul Rabil

Paul Rabil

Sports, Business

5 • 1.2K Ratings

🗓️ 10 September 2018

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Deepen Parikh is a partner at Courtside Ventures, co-founder of NYVC Sports, and (in his words) disillusioned Baltimore Ravens fan. Investing at the intersection of sports, fitness, media, and technology, Deepen says he "feels lucky to work in the field he's been in love with his entire life." Deepen, along with powerful backers in Cleveland Cavaliers owner Dan Gilbert, George Pyne’s Bruin Sports Capital and British advertising company WPP, has helped the Courtside Ventures become a major firm helping several well-known entities take significant leaps. Since taking the position 2 years ago, he's made investments in over 20 early-stage companies. On the podcast, we discuss how Deepen got into venture, the principle differences between venture investing and other forms of private equity and debt, we do our best to forecast the future of broadcast media among major sports properties, and give advice to the aspiring sports business analyst. “It’s a challenge, but the game of venture is not for the faint of heart.” Suiting Up is a show that explores the psychology, playbook of tools, and strategies of the most influential people in sports, entrepreneurship, and entertainment.

Transcript

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0:00.0	It was like a way for my dad and I to get really close. We used to watch football
0:06.4	non-stop every Sunday. And so that kind of got me in. We would sit down at like 11 catch a pre-game show and sit there to like nine or
0:16.2	ten on Sundays and that just always had like a really strong affinity towards
0:22.4	just the community element of sports.
0:26.7	The way it brings people together, the way it really, it's the most impassioned fan base that converts over borders over religions whatever the
0:38.5	case is and that really sparked actually our investment in religion to sports.
0:42.8	He's a venture capitalist, a partner at Courtside Ventures, and co-founder of NYU
0:48.9	sports. He also calls himself a disillusioned Ravens fan.
0:53.0	Side note, I recorded this podcast intro about 12 hours before the Ravens played
0:58.0	their first home game. So, Deepen, hope it went well.
1:01.0	His fun, Quartz Adventures, is backed by Cleveland Caves
1:04.8	owner, Dan Gilbert, George Pines Brewing Sports Capital, and WPP. They've
1:10.4	invested in sports properties at the intersection of new tech and media.
1:14.0	So essentially the fund's thesis is hyper-focused, but they've made some big bets on winners.
1:19.0	Some of these include what I consider the fastest growing sports reporting platform in the world
1:23.8	the athletic drone race league twitches competitor called beam and live
1:29.0	sports VR platform live like deep was also just voted to SBJs 40 under 40 and on the podcast we talk about the
1:36.3	predictions courtside and deep in are making in sports media distribution and
1:40.7	tech.
1:41.7	We also identified trends in each of those sectors and
1:44.0	during my favorite part of the pod we talk about the key tenets of being a
1:47.8	successful VC meaning what are the differentiators from venture to private equity to angels and other lines of credit or debt.
	...

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