Deepen Parikh: We want to plan the infrastructure side. Obviously, 4G in India and the infrastructure that Jio has created is a game changer for a lot of content that is being consumed. Similarly if you look at something like China, the market is big enough to have direct deals with some of the major
Sramana Mitra: Your talk of the drone racing league reminds me of Harry Potter and the Quidditch game. Deepen Parikh: That’s right. I would recommend watching it because it actually does. Sramana Mitra: Is there anything else that you want to add to enlighten us about your sector?
Sramana Mitra: Beam is also a subscription business model? Deepen Parikh: It wasn’t; it was ad-supported. It was very early. It’s different from The Athletic, which was more of subscription model and more consistent revenue where you can see the growth over time. This was a pure-play on technology interactivity, but more importantly, it’s just
Sramana Mitra: I have a few questions. As you correctly laid out, a lot of the sports ventures are essentially media and entertainment ventures. It’s basically performance media that monetizes. What is the product for this company that people are subscribing to? Deepen Parikh: It’s written content. As a sports fan of a team, you’re
Sramana Mitra: How big is Courtside Ventures? Deepen Parikh: Our first fund is $35 million. We were scrambling non-stop. It was just me and my partner. Our job is to find the best entrepreneurs, companies, and ideas across our main verticals. As a first-time fund, it was about building relationships with other VCs, sports leagues,
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Deepen Parikh was recorded in May 2019. Deepen Parikh is Partner at Courtside Ventures, a firm focused on investing in sports-related ventures. He provides a fascinating window into a little-discussed sector. Sramana
Sramana Mitra: They are more powerful, which makes it a PR nightmare. So, you don’t have a solution to this. You observe a problem; I observe a problem. There is no solution. We’ll just have to deal with this muck. It is an open problem, don’t you think? Doyon Kim: It is, yes. It is
Sramana Mitra: That was my impression also, that cross-promoting using each other’s ad inventory that is not being sold, because nobody wants to advertise. There is a huge amount of unmonetized ad inventory. Doyon Kim: And also, it’s a very targeted audience. SM: It’s a very targeted audience, yes. So, barter is one of the