Despite the pandemic halting sports, fans have a new outlet with ThriveFantasy when the action resumes. This daily fantasy sports platform democratizes fantasy sports and is designed for the casual user who wants to be more engaged with sports. Rather than drafting a traditional fantasy lineup, users can pick over/unders from the top tier athletes in any sport, making it easier to pick up a competitive lineup and reducing the drafting process to minutes. In addition to the daily fantasy component, users can make prop bets. Prop bets are bets that specific events will occur or not occur in a game independent of the final outcome of the game.
In a brief interview, Adam Weinstein gives AlleyWatch a basic overview of ThriveFantasy. AlleyWatch covered ThriveFantasy back in 2019 , where Weinstein discusses the platform in greater detail. Thrive Fantasy has expanded its contests from the NFL, NBA, and MLB to include PGA, AUDL (ultimate frisbee league), and USL.
Who were your investors and how much did you raise?
$1M Seed round. Led by Stage 1 Ventures.
Tell us about the product or service that ThriveFantasy offers.
ThriveFantasy is a daily fantasy sports and Esports platform for prop bets.
What inspired the start of ThriveFantasy?
Daily Fantasy was too hard to compete in. We wanted to create a more even playing field in the space. Also, prop bets are so fun!
How is ThriveFantasy different?
We are the only P2P Esports prop betting platform.
What market does ThriveFantasy target and how big is it?
Over a $5B/year market and we are targeting gamers and sports fans.
What’s your business model?
We take a small percentage from every contest.
How has COVID-19 impacted the business?
We are more heavily focused on Esports.
What was the funding process like?
Long and tedious but that’s what makes great entrepreneurs and business owners. You have to persevere.
What are the milestones you plan to achieve in the next six months?
We will be fully integrated with Discord and Twitch.
What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?
Keep pushing and look for ways to differentiate yourself in the market.
