YC Summer '07 Draftmix launches: Faster Fantasy Sports for Fun or Profit(techcrunch.com)

25 pointsby dhoustonvor 19 Jahren18 comments

YC Summer '07 Draftmix launches: Faster Fantasy Sports for Fun or Profit

http://www.techcrunch.com/2007/11/05/draftmix-faster-fantasy-sports-for-fun-or-profit/

20 comments

brezinavor 19 Jahren

I can't wait for the TechCrunch story 2 months from now that declares Draftmix profitable. Knock it out of the park boys.

zachvor 19 Jahren

Ah, clever as hell. Nice one. Must have been rough getting it launched if it's taken until Week 9 of the NFL season, though.

Once you get far enough into the entrepreneurial side of being a technology entrepreneur, you appreciate brilliant hacking of business markets. This is a great market hack.

mattmaroonvor 19 Jahren

It definitely is a bigger project than we realized going in.

zachvor 19 Jahren

I run a league on Fanball and I'm humbled by the prospect of how out of hand "create your own rules" leagues can get. There can literally be thousands of feature points. And sure, you can put together a simple fantasy site easily, but there's still a steady creep of features you want to have. So I could see how that would be the case.

I imagine you guys are using Rails and ran into the same issue I did with my real estate statistics, which is that there is no particular framework for running and caching "baked" statistics over data in Rails. I've thought about how to generalize and abstract some of the stuff I've done with that into a plugin, but it's probably not going to happen anytime soon.

mattmaroonvor 19 Jahren

Yeah, it seems fragment caching is the way to go, though for live updates we're going to have to do something a little more elegant.

jsjenkins168vor 19 Jahren

If these guys can eventually monetize a small portion of each buy-in, that could be big. Are there are plans to incorporate real money in place of the fantasy dollars?

This could also be big with young college sports fans. Have you guys thought about targeting this audience via a facebook app? I'm sure there are already plenty fantasy sports fantasy sports fb apps out there though..

mattmaroonvor 19 Jahren

Yes and yes.

myoung8vor 19 Jahren

Quick question for you guys: what's are the legal rules regarding paying to enter a game and winning money from it? Did you have to jump through any hoops to make that work?

myoung8vor 19 Jahren

Nevermind, I can answer my own question (via the TechCrunch article):

"Now all this may sound fine playing fantasy sports for fantasy dollars, but doesn't bringing real money into play amount to internet gambling? No, says co-founder Matt Maroon, who points to the fantasy sports exemption in the "Internet Gambling Prohibition and Enforcement Act". The act, which was a big blow to sites like PartyPoker, specifically exempts "participation in any fantasy or simulation sports game or educational game or contest". Fantasy sports is seen as a game of skill and played for a fixed cash prize. Although a quick perusal of the exemption leaves you feeling they're at least bending the rules."

brianmckenzievor 19 Jahren

Hmmm...I think my friends and I will be spending a lot of time on Draftmix.

Great concept, guys, and best of luck!

downervor 19 Jahren

I.e. Draftmix is a DOS attack against your own startup?

schoudhavor 19 Jahren

Cool idea, but I think the audience is limited.

Which VCs did these guys land after YC?

[deleted]vor 19 Jahren

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vladvor 19 Jahren

Congrats!

dhoustonvor 19 Jahren

congrats matt, chad, john and russ!

mattmaroonvor 19 Jahren

Thanks. John is mad you stole his karma :)

JRMvor 19 Jahren

Thanks Drew

russvor 19 Jahren

cheers Drew! =)