Sports business has so much promise for leading venture capital investors that Stadia Ventures found a large sports stadium was the best place to hold its next Demo Day. Stadia Ventures is taking a classic vertical industry specific approach to venture investing by leveraging the high growth of sports business – growth that is three times faster than the economy as a whole.
The December 10 Demo Day will take place at Busch Stadium in Saint Louis. Sports business start-up success stories will present together with panelists who add industry expertise.
Featured ventures are Winning Identity, Fishidy, Rookies, and LEIF Tech. Stadia, located in the T-REX incubator, has already invested up to $100,000 in each of these four startups. At Demo Day, Stadia Ventures will determine if the firm will make follow on investments up to an additional $300,000.
Winning Identity has developed tournament management software and is also marketing athletic training and performance enhancement programs. Fishidy is a social network and information resource for recreational fishers. Rookies, founded by Matt Sebek, bills itself as the create-your-own-baseball card startup. LEIF Tech has developed an all season snowboard.
The panelists form well established companies will help bridge the communities of sports entrepreneurs with the corporate world. Nick Cutsumpas of the IBM Watson Ecosystem for Sports will be joined by Will McIntosh, SVP of Business Development and Strategy for the Golf Channel and Patrick Meek, APLM for Olympic Innovation and Special Projects at UnderArmour.
IBM is so impressed with the growth of sports business that it is investing in the Watson Ecosystem for Sports. IBM is taking a focused approach to corporate venture capital by finding and supporting business ventures that can apply sophisticated computing to enhance solutions for customers in target industries. It is taking an “ecosystem” approach to these sports business with the long term goal of helping them to grow with shared expertise. Triax Technologies, an athletic training enterprise, is featured in the sports ecosystem, but renewed focus on event security is strengthening the value added by several risk management partners, including “Safety Net.”
Read more about sports business start-up companies at this link: Spike TV launches ‘Sweat, Inc.’ sports business competition