Brian Peganoff

What’s interesting in the sports asset class, is that folks just automatically go to teams. Not only do they go to teams, but they think teams in the big 4, and then shut down. The comment from a buddy of mine today, who is a non accredited investor (who still does a lot in real estate)- “Yeah man it’s cool, it’s sexy, but I can’t write a check big enough to buy into like, an NBA team…” Bro. Really…. So, what did I say back? “Not with that attitude!” Besides a laugh, the reality is that’s exactly what people think the sport assets class is. Far from it. So what is it… I thought you’d never ask!!!… big breath…. ANNNDDD… CPG products, sports betting, NIL, sports tech, performance, clothing, recovery, memorabilia, fan experience, sports medicine, youth sports, sports gear, media, broadcasting, exchanges, e-sports, nutrition, wellness, sponsorship programs, fantasy sports, wearables, event mgmt, ticketing and access, leagues, real estate, sports medicine….. AAAANNNNDDD… teams. And much more. My thumbs hurt. The point is, it’s time for meaningful ownership in sports. So for my buddy, yeah, it is really cool, it is sexy… and you can totally write a check big enough to play. You just have to know where acredited and non acredited investors alike can invest and truly have meaningful ownership. Alts for all! ***Hint… Champion Venture Partners plays in all these. Come invest with us!

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Great Article – Key points: (1) Interest-Rate Cut Impact: PE deal activity, is still facing challenges such as political uncertainties, weakened corporate performance, and a slow fundraising climate. (2) Already Priced In: Dealmakers indicated that the rate cut had already been factored into transactions over the past several months., (3) Value Creation Over the last two years, many PE firms have improved portfolio company performance by reducing costs and streamlining operations, which could result in higher valuations. (4) Deal Volume Growth: Projections suggest that PE deal volume will pick up in Q4 2024, with an estimated 9% year-over-year increase. This momentum is expected to continue into 2025. (5) Stagnant PE Exits: Despite an increase in US PE deal value (up 12% year-over-year in H1 2024 to $325.2 billion), PE exits remained stagnant, a critical issue as exits are essential for capital formation in the industry.

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The recently published Institutional Investor Digital Asset Study from Fidelity Investments certainly has some eye opening stats to browse through. Cudos to the team for a clear and concise overview. What stuck out most was the top reason investors cited for their change of view on the space... 💡 increased understanding 💡 This is still a new asset class, demonstrably so in the United States where acceptance has been slow. Increased education and understanding is paramount. Anyone with questions, reach out, always happy to answer incoming messages. Some other interesting tidbits: 1) Price volatility remains one of the largest barriers to entry [more thoughts to share here but at a later date...] 2) 30% of respondents saw digital assets as their own, unique asset class [interesting, what is your allocation to it?] 3) US investors remain the least accepting of digital assets [I think this really goes back to the first point of the post, increased understanding and truly think the tide is turning] If you are curious about the space, here to help through it. As someone who spent a decade working with fintechs and financial companies I get the skepticism. As an investor however, skate to where the puck is going, not where it has been the past twenty years #digitalassets #crypto #blockchain Full Survey (link below) https://lnkd.in/g7h2_Bq8

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"We're going to significantly simplify. If you take a picture of our network in 10 years, it's just [going to be] servers and access points," he said. "It's going to be a whole pivot in the way we think." AT&T promises investors that in ten years they will resemble DISH Network I suspect that marks the earliest a legacy network will be a fast follower to Dish. Think about this for a minute. A few years back the idea of running the core in the cloud was considered heresy by the incumbents. Open RAN was viewed as a folly. Dish was laughed at for the limited capital intensity of their network architecture. How times have changed. Jensen Huang saw ImageNet in 2012 and realized the architecture for compute had to be redesigned. That began a multiyear process for rearchitecting NVIDIA around GPU’s optimized for machine learning. For years the company wandered in the wilderness selling to gamers and then crypto. Then came ChatGPT and the floodgates opened. And now investors chase the stock while venture firms race to fund the next NVIDIA. I often say “Architecture wins technology wars”. This phase comes from a seminal article in the Harvard Business Review published in 1993. I was in business school at the time and had just gotten my first copy of Mosaic, the first Internet browser this article, along with the book Value Migration by Adrian a Slywotzky, were foundational to my views of technology. The network architecture is changing. Cloud infrastructure will dominate. AT&T belatedly sees this as the future. It will take time to fully transition their network. Dish is in an advantaged position as the undisputed first mover in this market. They have the only fully cloud-based Open RAN network just in time for the AI wave. There is no way that Charlie could have known the timing of this development. He did understand the two simple concepts encapsulated in the article and book. Value in telecom is migrating. And architecture wins technology wars. Let’s watch.

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Intel Corporation was so hated under 2️⃣0️⃣ bucks a share but now... ✅ Amazon wants to do an AWS deal. ✅ Qualcomm wants to buy the company. ✅ Apollo Global Management, Inc. wants to make multi-billion investment. Thanks, Elizabeth Oliveira Fonseca, for sending a big smile on my face seeing this post from you — great way to start the new week! ( Opinions are my own. Not investment advice. Do your own research. ) #markets #investing #money #wealthmanagement Tap the bell 🔔 to subscribe to my profile & you'll be notified when I post. 💸

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Rippling raised its Series F round (yay: https://lnkd.in/gXZ7jWF8) and shared an update to Parker's investment memo! One of the greatest strengths of the Rippling business over the years has been consistency of product vision. This isn't a platform for marketing's sake, it's been built from the ground up as a platform with a unique compound startup approach. The intro to the memo below is almost verbatim what the company's thesis was in the early years. As someone that spent a few years in venture seeing thousands of company pitches, I know how rare this is. If you haven't checked out Rippling for your company's HR, IT, and Finance needs, now is as good a time as ever. We're global, continuously adding products, and are building in the space with a plan to stay a while. These are also good reasons to join the company: https://lnkd.in/em5FqZi. 🙂 🌎 🚀 "Rippling’s one underlying insight is that most business systems are full of information about employees. Everyone knows that’s true for HR systems. But we know this is true beyond the HR department as well. We think employee data isn’t just the domain of the HR department—it’s a fundamental primitive for business software including, and most especially, for business software well outside of HR. This fragmented employee data creates a problem for Rippling’s customers, which Rippling can solve." https://lnkd.in/gV89e5hD

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