How FanDuel Founders Ended with $0 at $465 Million Exit?

Imagine building a billion-dollar company, raising hundreds of
millions, and pouring years of hard work into your vision - only
to walk away with nothing.


Today, we’re diving deep into the sobering reality for the
founders of FanDuel, a startup that revolutionized the fantasy
sports and sports betting industry.


It raised $416 Mn in funding at a valuation of $1.3 Bn. But, when
the company was sold for $465 Mn, the founders received $0
payout.


This episode serves a powerful reminder that building a startup
isn’t just about raising capital or chasing high valuations. It's
also about taking informed decisions to protect your interests
and ownership.


#FanDuel #LiquidationPreferences