Sapphire Ventures' New $115 Million Fund Draws Big Sports Backers

Sapphire Sport is a $115 million fund investing in early-stage startups at the intersection of sports, media, entertainment, and technology. The fund collaborates with major US sports leagues to enhance consumer engagement through technology. The discussion highlights the challenges and opportunities in media asset management, the potential of AR and VR, and innovative business models like Fevo. Sapphire aims to fill a gap in the VC landscape by focusing on early-stage investments, leveraging its unique position and partnerships.

What is the primary focus of Sapphire Sport's investment strategy?

• Early-stage startups at the intersection of sports, media, entertainment, and tech

• Cryptocurrency ventures

• Real estate investments

• Late-stage startups in the tech industry

What challenge is Disney facing with its regional sports networks?

• Acquiring more networks

• Increasing viewership

• Launching a new sports channel

• Selling them off

Which company is mentioned as a successful example of integrating technology into its business model?

• Oculus

• Fevo

• City Football Group

• Tonal

What is a key focus for companies evaluated by Sapphire Sport?

• Developing new sports equipment

• Engaging the next generation of consumers

• Expanding into international markets

• Reducing operational costs

What is the current status of AR and VR in the sports and media industry?

• Fully commercialized and widely adopted

• Still developing with potential for future growth

• Completely abandoned by major companies

• Only used in gaming

What advantage does Sapphire Sport have with stakeholders from various sports leagues?

• Insight into industry priorities and timing

• Access to exclusive sports events

• Higher investment returns

• Direct control over sports teams

How does Sapphire Sport view the current sports VC landscape?

• Overcrowded with investors

• Focused solely on technology

• Underserved and full of potential

• Dominated by traditional VCs