fandual company presentation

1. Kurt Jensen (kajensen)

2. What are fantasy sports?
● Pick a team of
professional athletes
● Compete against others,
score points based on
real-life performance of
your team

3. What do they do?
● Host fantasy sports daily games, take ~10%
cut of entry fees
● Different types of games: head to head,
leagues, 50/50, Big $$ tournaments
● Market: 41M people in 2014 that spend
$111/yr on fees

4. Financials
● $88M investments
● $57M in revenue in 2014
●
2011 2012 2013 2014
$10M $50M $150M $400M

5. Story/Background
● 2006: online fantasy sports “gambling” is
federally legalized in US* (Unlawful Internet Gambling
Enforcement Act)
● Determined to be a game of skill, people
with more information, experience have the
advantage
*not strictly legal in Arizona, Iowa, Louisiana, Montana and Washington

6. History
● Jan 2009: Nigel Eccles started Hubbub, a
market prediction game Internet company
● Jul 2009: rebranded as FanDuel, shift focus
to daily sports games

7. History
● Sep 2014 raised $70M, with partners
including Comcast/NBC Ventures
● Nov 2014: partnership with & investment
from NBA as official fantasy game
● Now employs 80 people in NY office

8. What’s hot?
● Platform: iOS, Android apps
● Fantasy Sports: 270%
increase in participants last
10 years
● The variation fantasy daily
sports has exploded

9. Competition
● Lots

10. Secret sauce
● More polished
● More trustworthy than
competition
● First to market, biggest player in the game

11. Prediction
● All signs point to: Success!
● Biggest and most trusted player in the
growing daily fantasy sports market