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: How does the Filipino ecosystem interface with the rest of the Southeast Asian ecosystem? Where are the partnerships that you’re seeing? Francis Simisim: Philippines is an island on its own. It’s somewhat purgatory. We are raising smaller money than a regional VC’s ticket size. If they raise locally, it’s a big round and
Sramana Mitra: What is an example of a local problem that is non-copycat? We have a term for that. We use a more elegant term for that. We call it concept arbitrage. I’ve been extensively involved in the Indian startup ecosystem. I always encourage concept arbitrage because it’s a very good way for entrepreneurs to
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Francis Simisim was recorded in June 2019. Francis Simisim is Partner at Original Pitch Venture Capital based in the Philippines. We had a very good discussion on how that ecosystem is developing.