Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.
In the Coronavirus lockdown we’re seeing trends that will establish the next cycle of startup innovation.
While physical events for esports have been cancelled and future events may be postponed, in general, esports continue with online activity.
Online competitive gaming will continue to accelerate through platforms such as Twitch.
Online access provides more opportunities to engage the audience and allow for audience communication with each other.
Startups in this area will find investor interest if they provide the following:
Physical arena sports such as football, basketball and baseball will go on hold with esports taking over as the audience moves to online viewing.
Imposed quarantine has increased consumer play time.
Software development for games carry on with remote workers.
While already underway, there’s an accelerating shift to online sports. Some sports programs such as Formula One are creating virtual events to showcase their events.
We may see traditional sports teams in football, basketball and baseball launch a virtual version of their team to continue to play in the rapidly-growing esports market.
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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.