Nigel Eccles is best known for being the co-founder of FanDuel, a company that pioneered the daily fantasy sports market in the US.
You may have seen their high impact commercials on TV, heard of them becoming one of the few unicorn $1bil startups to come out of Europe or their eventual sale to Paddypower/Betfair for $465mil. You may have even seen him featured in the infamous John Oliver “This Week Tonight” episode covering the industry he helped to create!
It’s safe to say – there are not many people on the planet that have the experience that Nigel has – after starting & selling multiple companies – he’s been around the block & back as a serial entrepreneur.
At Fanduel his experience includes raising $400mil+ in venture capital, competing with their closest rival, Draft Kings who raised over $1bil+, to investing hundreds of millions of dollars in customer acquisition on channels like TV, radio & paid digital.
In this revealing conversation, he opened up to share his perspective on:
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How many times have you heard bitcoin, crypto, blockchain and thought to yourself – “what the hell are they talking about?”
Well, you’re not the only one. This is a topic that has a lot of value but too often you’ll find so-called “experts” using complicated jargon to make things sound more complicated than it is.
In this conversation with Ali Hassan, an ex-Goldman Sachs banker & venture capitalist, turned entrepreneur – we try our best to simplify and discuss what bitcoin and blockchain is in simple terms and explore the practical applications of this technology.
Going beyond definitions – we discuss real use cases, why the value of bitcoin fluctuates so much, if bitcoin is a direct alternative to the traditional money supply system, comparing it to other assets like gold, and how his team has developed one of the leading passive index funds for investing in cryptocurrency