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Next 3 Ventures is a venture capital organization based in New York, founded by members of the Tisch family, who co-own the New York Giants. Established to operate at the intersection of sports, technology, and community, the firm focuses on evolving consumer behaviors and emerging technologies within the sports ecosystem. The Tisch family's prominence in American business, particularly through Loews Corporation and their ownership of the Giants, provides Next 3 with institutional-level capital and unparalleled access to the sports industry.
The firm manages a fund size of $100 million and has built a portfolio of 11 companies, showcasing its commitment to investing in sectors where sports and technology converge. Next 3 Ventures operates primarily in North America and aims to deliver long-term strategic value to its portfolio companies. The organization is known for its flexible capital deployment, allowing it to adapt to the needs of innovative startups.
Next 3 Ventures invests in sectors where sports and technology intersect, including media, services, lifestyle, gaming, and retail. The firm provides flexible, long-term capital to support innovative companies that are reshaping the sports landscape. Their investment strategy emphasizes the importance of evolving consumer behaviors and emerging technologies, which are critical in the rapidly changing sports ecosystem.
Next 3 Ventures seeks to partner with startups that demonstrate potential for growth and innovation within these sectors. The firm values founders who are not only passionate about their ventures but also possess a deep understanding of the market dynamics at play. This approach allows Next 3 to deliver strategic value and foster meaningful partnerships that can drive success for its portfolio companies.
Next 3 Ventures has an impressive portfolio that includes notable companies and partnerships:
Additionally, Next 3 Ventures collaborates with partner firms such as Aurum, Courtside VC, and Will Ventures, enhancing its investment capabilities and reach within the sports technology sector.
Carolyn Tisch Blodgett - Founder & CEO. Carolyn is a member of the Tisch family and has a background as the former VP of Marketing at Peloton, where she played a key role in brand development.
Lauren Baum - Chief Operating Officer. Lauren oversees the operational aspects of the firm, ensuring efficient management of investments and portfolio companies.
Shira Averbuch - Chief of Staff. Shira supports the executive team and manages internal operations.
Will Sands - Investor. Will sources and evaluates investment opportunities across the portfolio, leveraging his expertise in the sports sector.
Sarah Madnick - Executive Assistant. Sarah provides administrative support to the team.
Ryan Dillon - Strategic Advisor and CBO of Gotham FC. Ryan has a background in marketing at Peloton and advises on strategic initiatives.
To pitch Next 3 Ventures, founders should visit their website at next3ventures.com. It is advisable to include a comprehensive deck that outlines the business model, market analysis, and alignment with Next 3's focus areas. The firm prefers pitches that clearly demonstrate innovation and potential for growth within the sports and technology sectors.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial and can enhance the likelihood of a favorable response.
In recent months, Next 3 Ventures has continued to expand its portfolio, adding innovative companies that align with its focus on sports and technology. Notable investments include the addition of TMRW Sports, a venture led by Tiger Woods and Rory McIlroy, which aims to reshape the sports landscape.
Additionally, the firm has maintained its partnerships with established entities such as Aurum, Courtside VC, and Will Ventures, enhancing its investment capabilities. The firm remains active in seeking new opportunities that align with its investment thesis, focusing on the convergence of sports and technology.
What are Next 3 Ventures' investment criteria?
Next 3 Ventures focuses on sectors where sports and technology converge, including media, gaming, and lifestyle. They seek innovative companies that align with evolving consumer behaviors and emerging technologies.
How can I pitch to Next 3 Ventures?
Founders can submit their pitches through the official website at next3ventures.com. It is recommended to include a clear business model, market analysis, and how the startup aligns with Next 3's focus areas.
What makes Next 3 Ventures different from other VCs?
Next 3 Ventures is backed by the Tisch family, co-owners of the New York Giants, providing unique access to the sports industry and institutional-level capital. Their operator experience, particularly from Carolyn Tisch Blodgett's background at Peloton, adds a consumer brand-building perspective.
What is the typical check size for investments?
Next 3 Ventures provides flexible, long-term capital, but specific check sizes are not publicly disclosed. They focus on supporting companies at various stages of growth.
What geographic areas does Next 3 Ventures focus on?
The firm primarily operates in North America, targeting innovative startups within the sports and technology sectors.
What type of post-investment involvement does Next 3 Ventures have?
Next 3 Ventures offers differentiated capital and access to a deep network within the sports industry, providing strategic partnerships and introductions to help portfolio companies succeed.
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