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Sometime in 2010, I met the founder of FanDuel, who did a soft pitch on the company and the upside. I briefly contemplated applying. A few years later, as the
by gregdoesit 7y ago
Sometime in 2010, I met the founder of FanDuel, who did a soft pitch on the company and the upside. I briefly contemplated applying.
A few years later, as the company rose to unicorn status, I was wondering if I should have done so. After the massive fall and the takeover that left the founder CEO with nothing but a lawsuit[1], I am now again padding myself on the back for not pursuing this.
The FanDuel / Draftkings story is now a cautionary tale of taking too much VC money with too little organic/non-purchased growth in my books.
[1] https://www.businessinsider.com/fanduel-founders-likely-to-lose-out-from-paddy-power-acquisition-2018-7 https://www.businessinsider.com/fanduel-founders-likely-to-l...