Leslie Eccles discusses the departure of FanDuel's founding team following the company's transaction with Paddy Power Betfair.
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“None of the founders stayed.”
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More from Leslie Eccles
AssertionNot 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.”
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.”
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…”
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