šContinuing the Global Sports Tech VC Report series, the SportsTech Allstars presents: Mohit Pareek, Principal atĀ DrakeStar Partners
In this episode, we discuss Mohit's journey in the advisory space, recent transactions in sports tech, and the current state of the market as it transitions into 2024. The conversation highlights the importance of profitability for startups, the dynamics of middle market transactions, and the exciting areas of innovation within sports tech, including fan engagement and AI. Mohit shares insights on the future of DrakeStar and the sports tech industry as a whole.
Takeaways
2024 is seen as a transition year for the sports tech industry.
M&A activity in sports tech is at an all-time high.
Profitability is crucial for startups seeking acquisition.
Fan engagement is a key area of innovation in sports tech.
Middle market transactions are increasingly important in the sports sector.
The sports tech industry is experiencing a surge in investment and interest.
AI and analytics are transforming the sports media landscape.
DrakeStar is committed to supporting innovative sports tech companies.
To learn more, visit: https://www.drakestar.com/Ā
Get in touch with Mohit Pareek at: https://www.linkedin.com/in/mohitpareek/
Hosted by ā Rohn Malhotraā from ā SportsTechXā - Leading source of Data & Insights about SportsTech startups and the surrounding ecosystem.
Download the 2024 Global Sports tech VC Report here: sportstechx.com/reports/gstvcr24
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Chapters
00:00 Introduction
03:45 Mohit's Journey in Sports Tech
06:41 Recent Transactions in Sports Tech
09:29 2024: A Year of Transition
12:45 Importance of Sports Tech in M&A
15:44 Focus on Mid-Market Transactions
18:20 Profitability and Valuation Trends
21:26 Exciting Areas in Sports Tech
24:25 Future Outlook for Drake Star
27:28 Favorite Sporting Moments