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Changing the way you interact with live events forever

Tuesday, November 15, 2016

Kickstarter investments


I didn’t realise Kickstarter was going to be taking 2% in stock of any startup they raised cash for……wonder what the long term ROI on their investment is going to be

- http://www.nytimes.com/2016/11/15/business/ever-wanted-to-back-a-start-up-indiegogo-opens-the-door-to-small-investors.html?partner=rss&emc=rss&_r=0

Wednesday, November 2, 2016

Tuesday, November 1, 2016

Draft Kings and Fan Duel merge

Massive destruction of startup value……but hey the upside is..... at least we’ll be seeing less tv ads  :)


Regards,
Dean Collins
Live Fan Chat inc
dean@LiveFanChat.com  



 

 

 

 

https://fortunedotcom.files.wordpress.com/2016/10/headshots-termsheet_544x2001.png

 

 

 

 Sweet Sweet Fantasy, Baby: Yesterday a bunch of media outlets reported that, after months of rumors and speculation, DraftKings and FanDuel, the two well-funded fantasy sports betting startups, were finally, really, truly about to merge. Term Sheet readers may remember that when the same rumors flared up back in June, we reported that deal talks were not serious.
 
 

 
 
You won't have that same debunking here today. This time around my sources say the same thing as everyone else's: The deal is happening. They're not sure why it's taken so long.
It's not a matter of arguing over price. The startups are valued at around $1.3 billion and $1.2 billion and have agreed to a 50-50 stock deal. Bloomberg and others are reporting that DraftKings CEO Jason Robins will be CEO and FanDuel co-founder Nigel Eccles will be chairman of a board that represents each company evenly.
One major catalyst for the deal: A $6 million fine for false advertising from the New York attorney general in October. One source expects that the companies will announce a new settlement as part of the merger or shortly thereafter. (Worth noting: Together they have raised more than $1 billion in venture funding, including from KKR, 21st Century Fox, Comcast Ventures, NBC Sports Ventures, the MLS, MLB Ventures and the NHL.)
DraftKings spokesperson Sabrina Macias didn't deny the deal talks but stressed that it is not done yet:
"As we have stated previously, a potential combination would be interesting to consider. However, as a matter of policy, we don't comment on rumors or speculation, and there can be no assurances at this time that any discussion about a combination would result in an agreement or merger." FanDuel declined to comment.
As I wrote last week, most novel new markets start out with dozens of competitors, but eventually consolidate down to two, and then, after an intense rivalry, they merge. Last week Groupon bought LivingSocial. DraftKings and FanDuel is just the latest example. Up next: music streaming, meal kits, ride hailing…
 PSA: Selling your company for $1 billion doesn't automatically mean you're a billionaire. Selling two companies for $1 billion doesn't even necessarily make you a billionaire.

Friday, August 5, 2016

Live Fan Chat for Rio 2016 Olympics

Come join in the Live Fan Chat for Rio2016 at www.LiveOlympicChat.com

Hi All,
We've fired up www.LiveOlympicChat.com so you can chat live with your facebook friends while watching Olympic events over the next two weeks


Opening Ceremony
The opening ceremony is 7.30pm et (1 hour from now) so feel free to post the url
out to Twiitter and Facebook and lets make this a global event.


Global time zone problems
So one of the reasons we werent going to do an olympic chat site was the issue of global time zones. Yes most countries are going to show the Opening Ceremony live....but then what.
So we need some advice from you.
How do you want us to setup the chats? 1.A single live chat room for each days events
or
2.Do you want a chat room for each of the 36 different events as classified by the Olympic Schedule
or
3.Chat rooms base on countries (eg Australian fans chatting with Australian fans and USA fans chatting with USA fans).
or
4.A mixture of all?


So we are going to let you decide - post to our Facebook wall at www.Facebook.com/LiveOlympicChat  and let us know what you want to see.You the fan are in control of this experiment. We'll set it up which ever way you the fans want. Just click here with your suggestions, or if you prefer to email then reach us at info@LiveFanChat.com


Inviting Friends to join you for the Opening Ceremony
The easiest way to get your friends involved is through our address book tool, click here to send out emails to friends in your gmail/yahoo online address books http://www.LiveOlympicChat.com/lomp/friendinvite.do?refer=MC


Uhm whats my password again?
Yeh i know for some of you its been a while since you've logged in, if you've forgotten what your password is but still want to join in the fun then click here to reset it.

Dont forget every user has a personal url yours is www.LiveOlympicChat.com/Username  so feel free to post it to your facebook wall/tweet it and see how many badges you have compared to your friends for this the 2016 Rio Olympics.


See you in the chat rooms,

Tuesday, June 21, 2016

Fantasy Sports legal in New York State again......

Interesting to see not as much coverage over the last few days of Fantasy Sports now being legal in New York state eg. didn’t get as much coverage as when it was banned.

More here
- https://techcrunch.com/2016/06/18/new-york-has-passed-a-bill-legalizing-daily-fantasy-sports/  

lol but you have to love the small part in the article that almost skips over the most important part eg. that the 15% tax the NY State Govt will now receive - ”Government....truly the best protection racket money can buy”.
- www.LiveFootballChat.com/dean.collins  

Thursday, February 25, 2016

Virginia state passes "Pro" Fantasy Sports legislation

All pretty straight forward provisions means this might come down to state versus state even after Supreme Court decision.


- http://www.bostonglobe.com/business/2016/02/24/fantasy-sports-bill-passes-needed-win-for-industry/naMyHgdHx2KrW8s7LsJqSJ/story.html?event=event25


Twenty-one state legislatures have introduced bills that would explicitly legalize daily fantasy contests and regulate the companies providing the games, according to a DraftKings tally of legislative action.

Lawmakers in California, Indiana, and West Virginia also have passed a fantasy sports regulatory bills out of at least one chamber, moving them closer to potentially becoming state law.

Kansas remains the only state to enact a law specifically exempting fantasy sports from gambling laws. That measure was passed last spring, months before the industry became the target of regulatory probes.