Comcast Ventures profited from early stakes in DraftKings, Lyft, and Instacart

Evidence

Comcast Ventures has made a number of highly lucrative investments, including early equity investments in DraftKings (an app-based fantasy sports and betting company with a 14 billion market valuation in 2023), Lyft (an app-based transportation company with a 4 billion market valuation in 2023), Instacart (an app-based grocery service company worth a reported 24 billion in 2022), DocuSign (a company that facilitates electronic signatures and agreements with a 10 billion market valuation in 2023), and The Athletic (a sports media company acquired by the New York Times Company in 2022 for $550 million). — Andrew deWaard, Derivative Media, 150