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Equity

Why sports tech is bigger than a game

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 2 June 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

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! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everybody. This is Alex. Hey, it's Natasha. And we are here to talk just for a second about Extra Crunch

0:06.7

Tech Crunchy subscription product. Extra Crunch is where a lot of our best analysis and follow-up stories lives. We focus a lot on startups, building, and even

0:16.5

poke fun here and there.

0:18.5

It's true. I also write a daily column called The Exchange that's over on Extra Crunch

0:22.2

and the good news is if you don't have

0:24.1

EC access yet we have a deal for you. Yes you can use I think the best code there

0:29.7

is so don't tell anyone who doesn't listen to equity because they're not invited the code is equity all caps for 50% off your extra crunch subscription

0:39.2

So head over to tech Tech Ranch. Hello and welcome back to Equity, Tech Runches Venture Capital, a focused podcast where we unpack

1:04.8

the numbers behind the headlines.

1:06.6

My name is Alex Wilhelm and I'm joined today by Natasha Moscarenis, a former star volleyball

1:11.6

player. Natasha, how are you?

1:13.0

Yes, we don't talk about it enough, but I was indeed the second string

1:17.1

JV volleyball player in my high school, which I shall not name for safety purposes.

1:22.0

Well, and if you're listening to the show, you're like, oh my lord, what happened to equity?

1:25.6

I don't like sports.

1:26.6

Well, don't worry.

1:27.6

We're not actually talking about sports per se.

1:30.0

What we are talking about is a collection of startups, mostly on the early side that have put together

1:35.3

very interesting rounds that have a sports theme, but we are going to be digging into in-game currency,

1:40.5

media, community, in mobile games, We're going to tie all those themes together

1:44.2

under a sports umbrella.

1:46.0

Also going to talk a little bit about women-led sports,

...

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