FanDuel: Difference between revisions
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After taking in $1.2 million in [[venture capital]] funding from Pentech Ventures on January 14, 2009, Hubdub did an internal review and decided to shift focus from its web-based [[prediction market]] game to a web-based daily fantasy sports premium game.<ref>{{cite web|last=King|first=Bill|title=FanDuel delivers daily dose of fantasy. games|url=http://www.sportsbusinessdaily.com/Journal/Issues/2012/02/06/In-Depth/FanDuel.aspx|publisher=SportsBusiness Journal|accessdate=18 March 2012}}</ref> On July 21, 2009, Hubdub launched FanDuel<ref>{{cite web|last=Butcher|first=Mike|title=FanDuel turns fantasy sports betting into a social game|url=http://techcrunch.com/2009/07/21/fanduel-turns-fantasy-sports-betting-into-a-social-game/|publisher=TechCrunch|accessdate=18 March 2012}}</ref> while the Hubdub website was officially shut down on April 30, 2010.<ref>{{cite web|last=Butcher|first=Mike|title=HubDub closes news site to focus on fantasy sports spinoff FanDuel|url=http://techcrunch.com/2010/04/14/hubdub-closes-news-site-to-focus-on-fantasy-sports-spinoff-fanduel/|publisher=TechCrunch|accessdate=18 March 2012}}</ref> FanDuel received $4 million venture capital funding from Piton Capital in September of 2011<ref>{{cite web|last=Butcher|first=Mike|title=Daily fantasy sports FanDuel closes $4 million series B investment|url=http://techcrunch.com/2011/09/07/daily-fantasy-sports-fanduel-closes-4-million-series-b-investment/|publisher=TechCrunch|accessdate=18 March 2012}}</ref> and currently has offices in New York and Scotland. |
After taking in $1.2 million in [[venture capital]] funding from Pentech Ventures on January 14, 2009, Hubdub did an internal review and decided to shift focus from its web-based [[prediction market]] game to a web-based daily fantasy sports premium game.<ref>{{cite web|last=King|first=Bill|title=FanDuel delivers daily dose of fantasy. games|url=http://www.sportsbusinessdaily.com/Journal/Issues/2012/02/06/In-Depth/FanDuel.aspx|publisher=SportsBusiness Journal|accessdate=18 March 2012}}</ref> On July 21, 2009, Hubdub launched FanDuel<ref>{{cite web|last=Butcher|first=Mike|title=FanDuel turns fantasy sports betting into a social game|url=http://techcrunch.com/2009/07/21/fanduel-turns-fantasy-sports-betting-into-a-social-game/|publisher=TechCrunch|accessdate=18 March 2012}}</ref> while the Hubdub website was officially shut down on April 30, 2010.<ref>{{cite web|last=Butcher|first=Mike|title=HubDub closes news site to focus on fantasy sports spinoff FanDuel|url=http://techcrunch.com/2010/04/14/hubdub-closes-news-site-to-focus-on-fantasy-sports-spinoff-fanduel/|publisher=TechCrunch|accessdate=18 March 2012}}</ref> FanDuel received $4 million venture capital funding from Piton Capital in September of 2011<ref>{{cite web|last=Butcher|first=Mike|title=Daily fantasy sports FanDuel closes $4 million series B investment|url=http://techcrunch.com/2011/09/07/daily-fantasy-sports-fanduel-closes-4-million-series-b-investment/|publisher=TechCrunch|accessdate=18 March 2012}}</ref> and currently has offices in New York and Scotland. |
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==Controversy== |
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The company's radio advertisement, featured prominently during many local and national sports radio programs, has been criticized by a leading blog. Says Timothy Burke of Deadspin.com: "It's clearly intended to mislead listeners into thinking it's a) not an advertisement (it opens with "Okay, we're back") and b) being read by Jim Rome." |
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==References== |
==References== |
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Revision as of 18:17, 24 September 2012
FanDuel is a web-based fantasy sports premium game created by Hubdub that falls under the banner of the relatively new Daily Fantasy Sports concept. The model consists of traditional season-long fantasy sports leagues being compressed into a daily, and occasionally weekly, game.[1]
Background
After taking in $1.2 million in venture capital funding from Pentech Ventures on January 14, 2009, Hubdub did an internal review and decided to shift focus from its web-based prediction market game to a web-based daily fantasy sports premium game.[2] On July 21, 2009, Hubdub launched FanDuel[3] while the Hubdub website was officially shut down on April 30, 2010.[4] FanDuel received $4 million venture capital funding from Piton Capital in September of 2011[5] and currently has offices in New York and Scotland.
References
- ^ DiFino, Nando. "Instant Gratification in Daily Fantasy Sports Over Traditional Leagues". Wall Street Journal. Retrieved 18 March 2012.
- ^ King, Bill. "FanDuel delivers daily dose of fantasy. games". SportsBusiness Journal. Retrieved 18 March 2012.
- ^ Butcher, Mike. "FanDuel turns fantasy sports betting into a social game". TechCrunch. Retrieved 18 March 2012.
- ^ Butcher, Mike. "HubDub closes news site to focus on fantasy sports spinoff FanDuel". TechCrunch. Retrieved 18 March 2012.
- ^ Butcher, Mike. "Daily fantasy sports FanDuel closes $4 million series B investment". TechCrunch. Retrieved 18 March 2012.