#57 Where Losers Go To Win

The Pitch

Josh Muccio

Technology, Business, Investing, Entrepreneurship

4.6 • 1.5K Ratings

🗓️ 13 February 2019

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

After losing his shirt on sports betting sites DraftKings and FanDuel, Adam Weinstein decided to flip the script on daily fantasy sports and give everyone a better shot at winning. He’s changing things up using prop bets instead of traditional fantasy teams. But the question remains: Is this a gamble investors are willing to take? Today's investors are Sarah Downey, Michael Hyatt, Charles Hudson and Phil Nadel. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode of The Pitch is brought to you by American Express business.
0:05.0	A lot of you listening right now are small business owners or on the journey to become one.
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0:29.1	that automatically adapt to your top two eligible spending categories every month on up to $150,000 in
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0:46.4	Enrollment required terms apply.
0:48.5	Learn more at American Express.com slash business gold card. And stay tuned later in this episode for the pitch clock
0:55.4	brought to you by American Express business.
1:01.5	When it comes to fantasy sports, some betters just seem to have all the luck.
1:07.0	I thrive, we are focused on shifting the power power dime to the masses and away from the elite. Today's founder Adam Weinstein was sick of
1:15.8	losing on big daily fantasy sports platforms so he started Thrive Fantasy.
1:20.6	Adam says that unlike his competitors, his platform will give fantasy sports
1:25.5	betters a fighting chance to win big money. But are our investors ready to take a
1:30.9	gamble on the underdog as it takes on the industry
1:34.3	heavyweights. We're going to find out. I'm Josh Muccio and from Gimmlet this is
1:39.7	the pitch. Our investors today?
1:44.0	today. Sarah Downey.
1:45.0	Sarah used to run her own company.
	...

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