CBS News By: Jonathan Berr Many fantasy sports enthusiasts are no longer satisfied with winning bragging rights from their friends. Now they’re increasingly vying for cash prizes from leagues that don’t require them to wait an entire season to get a payout. And the surging popularity of daily fantasy leagues run by DraftKings and FanDuel has caught the attention of … Read More
DraftKings puts ‘pedal down’ to become one of Boston’s hottest startups
The Boston Globe By: Scott Kirsner In early 2012, three friends agreed to quit their jobs to start a fantasy sports company called DraftKings. One of them, Paul Liberman, had a spare bedroom at his condo in Watertown, and that served as the startup’s first office. Important meetings were held in the living room, when Liberman’s fiancée was out. … Read More
DraftKings Raises $41 Million to Make Fantasy Sports a Daily Habit
The Wall Street Journal By: Lora Kolodny DraftKings Inc. has raised $41 million in new venture funding to grow its daily fantasy sports business in the U.S. The Boston startup plans to add new sports to its platform and increase the winnings and prizes it pays out each month to its app and website users. The Raine Group led the … Read More
Lost a Fantasy Game? Try Again Tomorrow
The New York Times By: Joe Drape BOSTON — As with many start-ups, the idea was born from trivia that suddenly did not seem so useless — the statistics of professional athletes. Even in his youth, Jason Robins was in touch with his inner Billy Beane, drafting and trading baseball players in fantasy sports leagues. He was a marketing professional … Read More