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Posting anon due to industry reasons. How in the world was this invested in? 1. It's unclear how, at least in the context of March Madness, this is preferable to any number of alternatives. Given that they don't touch money, it's functionally equivalent to either running an offline pool, or using an existing site with years upon years of consumer behavior and content integration like CBS, ESPN, or Yahoo!. Better UX? Yeah, maybe, but there are dozens of companies that have tried and failed on that premise in the fantasy space: FleaFlicker, Sleeperbot, and on and on. Some guy from the Apprentice had a company doing exactly this and spectacularly failed. People go where they already go as a habit, not to some new destination. 2. On the other formats, I'm skeptical that you'd have enough people willing to join pools around The Bachelor or what have you, or else you'd see it already. Even if I'm wrong, you run into the problem of (#3) plus generally a scale problem; that maxes around at a very low total unique visitor count. 3. Under the thesis that this might eventually turn into a platform that accepts and handles money, that seems extremely unlikely if you've seen how skin regulation has gone now that NJ is up and legalized. I can't see a world where an existing license holder would take a flyer on this when you've got the FanDuels and the DraftKings (not to mention the inevitable strong European entry in the market) with vastly larger budgets and user databases to leverage. Further to that, in the event these guys take off, there's absolutely no reason why those companies wouldn't just replicate this functionality. Anyone who follows Europe knows that over time, features diverge to parity. It's going to be a dickish statement, but I don't see how it's not 100% true: there's no way this gets invested in if this kid's dad wasn't Joe Montana. Literally the only logic I could theoretically buy is that the name recognition of Joe Montana + YC would give them a shot at a license in a multi-skin state where a lower-end holder would be willing to give them a shot. Free to play either as a service (Chalkline, Sportcaller) or as the end game unto itself (#1, #2) is dead on arrival. |