The Tool Desk
Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →DraftKings announced on May 6, 2013, that it had closed a $7 million Series A round led by Atlas Venture. The company said it would use the money to improve its daily fantasy-sports service and expand marketing and distribution across web and mobile. This is a historical financing announcement, not a description of DraftKings’ current products or availability.
Why DraftKings raised $7 million
DraftKings said the financing would fund product and customer-experience development, along with marketing for its web and mobile daily fantasy-sports offerings. CEO Jason Robins described the intended priorities as building out the user experience and expanding marketing and distribution. GamesBeat reported Robins’ comments when the round was announced.
| # | Preview | Product | Price | |
|---|---|---|---|---|
| 1 |
|
Visa Virtual eGift Card | $206.95 | Buy on Amazon |
| 2 |
|
Visa Virtual eGift Card | $105.95 | Buy on Amazon |
| 3 |
|
Fanatics eGift Card - $100 - Standard | $100.00 | Buy on Amazon |
| 4 |
|
MGM Resorts eGift Card | $200.00 | Buy on Amazon |
| 5 |
|
Visa Virtual eGift Card | $28.95 | Buy on Amazon |
The company had launched about a year earlier. VC News Daily’s archived announcement gives its launch date as April 28, 2012. The funding was intended to help the Boston company develop and promote its short-duration fantasy-sports product.
What the 2013 service offered
Contemporary reports described contests in which users assembled fantasy teams around professional sports, with same-day or short-duration play. The descriptions are specific to the service at the time and should not be taken as current product or legal guidance.
#1 Best Overall
- Visa Virtual eGift Cards are designed for online use only. Gift Cards are subject to Terms and Conditions: a.co/5bw3qXJ
- When you access your Visa Virtual eGift Card for the first time, you’ll need to register your name, address, phone number, and email address via activationspot.com. These details should also be used as your billing address for online purchases, as many merchants require address verification for purchase authorization.
- This Visa Virtual eGift Card is non-reloadable. No cash or ATM access. Visa Virtual eGift Cards are emailed active.
- Funds do not expire but your Visa Virtual eGift Card has a ‘valid thru’ date (9 years from date of purchase). If funds remain after this date has passed, please call the Toll Free number found on your Visa Virtual eGift Card for a replacement card. A one-time purchase fee applies at the time of checkout.
- This item is not eligible for refund, resale, or return. Available for sale within the United States only. Not available to residents of Puerto Rico, Hawaii, New Mexico, South Dakota, West Virginia and the US Virgin Islands.
- VC News Daily described free and paid contests, cash prizes, salary-cap formats and instantaneous payouts.
- The Next Web listed professional football, basketball, hockey and baseball, along with college basketball and college football. Its May 6, 2013 report also said the company planned to award more than $20 million in fantasy-baseball cash prizes during 2013. That was a planned amount, not a verified total paid.
- GamesBeat described real-money contests on the web and social or mobile app versions using virtual currency, and reported contests covering baseball, football, basketball and hockey.
What contemporaneous reports said about traction
Published user counts did not agree. The Next Web reported more than 1 million users across web and mobile, while GamesBeat reported more than 100,000 registered players. Neither report explains whether the figures refer to different populations or dates, so they cannot be reconciled from the available reporting.
GamesBeat also reported that DraftKings had 18 employees and had hosted more than 500,000 matches in the prior year. These are outlet-reported figures from 2013, not independently audited metrics.
Rank #2
- Visa Virtual eGift Cards are designed for online use only. Gift Cards are subject to Terms and Conditions: a.co/5bw3qXJ
- When you access your Visa Virtual eGift Card for the first time, you’ll need to register your name, address, phone number, and email address via activationspot.com. These details should also be used as your billing address for online purchases, as many merchants require address verification for purchase authorization.
- This Visa Virtual eGift Card is non-reloadable. No cash or ATM access. Visa Virtual eGift Cards are emailed active.
- Funds do not expire but your Visa Virtual eGift Card has a ‘valid thru’ date (9 years from date of purchase). If funds remain after this date has passed, please call the Toll Free number found on your Visa Virtual eGift Card for a replacement card. A one-time purchase fee applies at the time of checkout.
- This item is not eligible for refund, resale, or return. Available for sale within the United States only. Not available to residents of Puerto Rico, Hawaii, New Mexico, South Dakota, West Virginia and the US Virgin Islands.
What the announcement establishes—and what it does not
The reported financing terms establish a $7 million Series A led by Atlas Venture and the company’s stated plans for the proceeds. The reviewed accounts do not provide a company valuation, so one should not be inferred from the round size. The announcement is evidence of a financing event and the business’s stated plans in 2013; it does not establish DraftKings’ present-day product lineup, operating metrics, or availability.
The Next Web’s contemporaneous report, GamesBeat’s report, and VC News Daily’s archived announcement provide the reported funding details and period context.
PC Slower Than It Used to Be?
A free scan shows the junk files, broken settings and background clutter dragging Windows down - then fixes them in one click.Free scan · Windows 10 & 11Outdated Drivers Are Slowing You Down
One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware matchQuick Recap
Best Value
- Visa Virtual eGift Cards are designed for online use only. Gift Cards are subject to Terms and Conditions: a.co/5bw3qXJ
- When you access your Visa Virtual eGift Card for the first time, you’ll need to register your name, address, phone number, and email address via activationspot.com. These details should also be used as your billing address for online purchases, as many merchants require address verification for purchase authorization.
- This Visa Virtual eGift Card is non-reloadable. No cash or ATM access. Visa Virtual eGift Cards are emailed active.
- Funds do not expire but your Visa Virtual eGift Card has a ‘valid thru’ date (9 years from date of purchase). If funds remain after this date has passed, please call the Toll Free number found on your Visa Virtual eGift Card for a replacement card. A one-time purchase fee applies at the time of checkout.
- This item is not eligible for refund, resale, or return. Available for sale within the United States only. Not available to residents of Puerto Rico, Hawaii, New Mexico, South Dakota, West Virginia and the US Virgin Islands.
Rank #4
- Redeemable at participating locations at MGM Resorts destinations.
- Redemption: Instore
- No returns and no refunds on gift cards.
Rank #3
- Fans come first in the world of sports. At Fanatics, we embody that in everything we do as we bring you the very best officially licensed sports apparel.
- Redemption: online
- No returns and no refunds on gift cards.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
