2023 has been a rough year for #SportsTech startups looking for funding, amount invested at a 5 year low. Though M&A dealflow has been at an all-time high. So it's not that there's no capital, it's just being deployed in a different way. Though it's been most interesting to see the sheer number of funds coming into the space over the last 12 months. Either new investors or existing investors with follow on funds. 31 Funds with at least $4b+ of announced capital over the last 12 months, by our count. Yes some of that has already been deployed but...