FanDuel

6 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Dec 9, 2020 by Leslie Eccles · said 23 times in 4 episodes since 2016 · across every show →

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brought up most by Nathan Latka (11), Leslie Eccles (10), Chris Ultian (2)

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Everything said about FanDuel, oldest first

Dec 9, 2020
Assertion Not publicly verifiable
FanDuel founders were barred from taking secondary liquidity during KKR round
“There was no secondary. The founders were not allowed to take secondary.”
Leslie Eccles Dec 9, 2020 ▶ 13:28 FanDuel Co-Founder Launched New Relationship App Idea, $2m Raised
Dec 9, 2020 neutral
Assertion Supported
FanDuel and Paddy Power Betfair transaction formed a new company called Panda
“The way that this deal was created was there was a new company created, which was called Panda Company. And that was created by the FanDuel board. And that company was merged with the US assets of Paddy Power Bitfair. And that came together to create a new com…”
Leslie Eccles Dec 9, 2020 ▶ 11:18 FanDuel Co-Founder Launched New Relationship App Idea, $2m Raised
Dec 9, 2020 neutral
Assertion Supported
FanDuel raised capital from Shamrock in 2014 and KKR in 2015
“We took money in 2014 from Shamrock and we took KKR in 2015.”
Leslie Eccles Dec 9, 2020 ▶ 12:19 FanDuel Co-Founder Launched New Relationship App Idea, $2m Raised
Dec 9, 2020
Assertion Supported
FanDuel founders left after the FTC blocked the DraftKings merger
“We left after the FTC blocked the merger with DraftKings.”
Leslie Eccles Dec 9, 2020 ▶ 15:32 FanDuel Co-Founder Launched New Relationship App Idea, $2m Raised
Dec 9, 2020
Assertion Supported
FanDuel founders left the company without liquidity before starting new ventures
“We all left FanDuel way before we started new companies. Let me put it that way. Okay. This was not oh, there's a shiny bright new thing over there that I want to go and do. That was not this case. And we didn't take any liquidity from the company.”
Leslie Eccles Dec 9, 2020 ▶ 14:48 FanDuel Co-Founder Launched New Relationship App Idea, $2m Raised
Dec 9, 2020 neutral
Assertion Supported
None of FanDuel's co-founders stayed post-merger with Paddy Power Betfair
“None of the founders stayed.”
Leslie Eccles Dec 9, 2020 ▶ 11:57 FanDuel Co-Founder Launched New Relationship App Idea, $2m Raised
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