We have a one-day fantasy website that now needs funding. IT IS ONLY SOCCER. We are targeting the European market.
We have been developing a website that is a one-day fantasy soccer website that give the users the ability to participate in soccer contests that only last one day and not a season. This also updates with live data and so you can follow along live with the action. We have been developing this for 6 months now and we are at a great stage with everything, but now need a little financial help. We will be offering equity in return.
Where are we now?
We have the website working 99.5%. Anything we are doing now is just upgrades. It is functioning well and we have run several contests between friends and family. It works well and is a lot of fun. It is very addictive and even you can participate in a contest.
Why do we need funding?
Our aim was to be ready for the summer. This way we could take all summer to test. However, we thought that with the Euro 2016 with 30 straight days of contests would be too big of a money making opportunity to miss. We need to get licenses, we have to pay fees for live statistics and we need to hire a couple of staff to get all this ready. We also know that the mobile version will be used 80% more than the desktop version and this needs to be finished perfectly. With this, we would be ready anywhere between 4-6 weeks and then continue to build. Ideally we would like to be ready by the end of March. We also need to make sure that you are legally added to the operating agreements which costs money.
Why one-day fantasy Soccer?
In the UK alone, 7 million people play season long fantasy soccer. In reality, 95% of them will quit when their team is doing poorly. what is the point of playing the whole season if you cannot win. This is where one-day fantasy contests work. 1% of the 7 million people depositing a minimum of 10GBP (or $15) per week is over a million dollars per week. Out of this, 900K will get paid back to the players based on how they do.
Will this actually work?
Well, if you look at our main competitor, they have paid out over a million GBP this season. If you look in the US, 2 main one-day fantasy sites claim to payout over 20 million per week.
Why choose us?
Ultimately this is your decision. We are passionate and have the drive to succeed. I believe we can get more than the minimum 1% per week and collect more than the minimum deposit per week. This is addictive and fun. I believe that simple and easier is better. That is where we will cruise past our competitors.
1% equity per 10K
1 person with 100k will get 10% plus 2% bonus (12%)
1 person with 200k will get 20% plus 5% bonus (25%)