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Fanduel company preso
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- 2. What are fantasysports? ● Pick a team of professional athletes ● Compete against others, score points based on real-life performance of your team
- 3. What do theydo? ● 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: onlinefantasy 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 2014raised $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
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- 10. Secret sauce ● Morepolished ● More trustworthy than competition ● First to market, biggest player in the game
- 11. Prediction ● All signspoint to: Success! ● Biggest and most trusted player in the growing daily fantasy sports market