What are the biggest sports tech markets? When asked that yesterday, it was a quick answer: Boston, San Francisco, New York, Los Angeles. To be clear, we’re seeing an increase in activity and quality companies across the map (in US and globally) – but like sports there need to be leaders at the top of the table.
While these markets mirror the overall tech industry trends in terms of financings, activity, buzz, etc., there are complementary reasons that make each a strong community for building a sports-enabled tech company.
- Boston– Sports permeate day-day life; unofficial sneaker capital (New Balance, Reebok, Converse, Saucony); DraftKings set stage.
- San Francisco– Sports embracing tech isn’t a new concept; still the de facto place sports stakeholders look to engage with new technologies.
- New York– Home to all the leagues; media hub and largest market; most pro teams.
- Los Angeles– Entertainment epicenter; as e-sports grow and institutionalize, LA has emerged as the leader.
These four markets also have the most sports tech startups according to AngelList (Chicago is 5th), developing some critical mass.