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MLB All-Star Edition ⚾ 🌭

MLB All-Star Edition ⚾ 🌭
July 15, 2021

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The 2021 MLB All-Star game, a celebration of the best pinch hitters and crowd-pleasers, ended Tuesday with a 5-2 win for the American League All-Star Team. Due to the pandemic, the 2020 game was canceled for only the second time since 1933 – the first was due to WWII. This year's return was a welcome event for baseball fans and the MLB organization, which generates $45MM from the game in advertising revenue alone.

“America’s pastime” gets political

This year’s game wasn’t all hot dogs & crowd renditions of “Take Me Out to the Ballgame,” as the decision to relocate the game from Atlanta to Denver was based on a highly contentious political issue: voting rights laws in Georgia. The MLB ultimately decided to move the game after Georgia lawmakers enacted voting laws alleged to predominantly affect voter turnout from the Black community, a reaction many attributed to the Republican upset experienced in the 2020 Presidential election, when Georgia went blue for the first time since 1992.

We’ll see how America’s two pastimes -- baseball and politics -- mesh in the future. For now, let’s take a look at the business of baseball and its major league teams.

Bases are loaded 💰💰💰

On first base: Boston Red Sox 🥊
Notorious for having the craziest fans of all baseball teams, who “park the car on Harvard yard” (I couldn’t help myself), the Boston Red Sox takes the 4th spot with a valuation of $3.47BN.

On second: Los Angeles Dodgers
These former Brooklynites boast a payroll of $200MM and have been owned in part by basketball legend Magic Johnson since its 2012 sale for $2.2BN. The value now comes in in 3rd place at $3.57BN.

On third base: Chicago Cubs 🐻
With a devoted fan base of “lovable losers” showing up to Wrigley Field to see them play, despite having a curse on their heads since the 1945 world series, that loyalty earns them the 2nd spot in valuation at $3.63BN.

Home run: New York Yankees 🎩
Boasting baseball legends Yogi Berra, Babe Ruth, Joe DiMaggio, and Mickey Mantle among their alums, this team has true star power. The team slides into first with a mega-valuation of 5.25BN big ones.

Opinion: Tech needs to focus on deskless employees

80% of the workforce is getting less than its share of tech upgrades.

Washington State vs. Washington D.C.
While the Federal level stalls on new laws, WA is charging ahead.
Since last week, PrivCo has added:

384 Companies | 135 Funding Activities | 87 M&A Deals

Funding & Deal Highlights:

Amperity raises $100MM from HighSage Ventures

Software & Internet Services • Round D • Seattle, WA

Pantheon Systems raises $100MM from SoftBank Vision Fund

SaaS Software & Internet Services • Round E • San Francisco, CA

Arctic Wolf Networks raises $150MM from Owl Rock Capital Partners

Cloud Software & Internet Services • Round F • Eden Prairie, MN

Gembah raises $11MM from ATX Venture Partners

Design Software & Internet Services • Round A • Austin, TX

Quantexa raises $153MM from Warburg Pincus

Fintech • Round D • Bishop’s Ward, U.K.

HgCapital acquires InsightSoftware International for $1BN

Software & Internet Services • Acquisition • Raleigh, NC

Mediaocean acquires Flashtalking for $500MM

Adtech • Acquisition • London, U.K.

Banco Nacional de Credito CA, Banco Universal acquires Citigroup’s Venezuela Operations

Banks • Acquisition • Caracas, Venezuela

Altus Power merges with CBRE Acquisition Holdings for $1.6BN

Renewable Electricity & Fuels • SPAC • Greenwich, CT

Arlington Capital Partners acquires TRP Construction Group

Industrial Services • Acquisition • Fort Worth, TX

Webhelp SAS to acquire OneLink S.A.S.

Business Support Services • Acquisition • Paris, France

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