Ten VCs did reject the BetFair business plan, in the late nineties.

Here.
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About Chris F. Masse

Founder and President of Midas Oracle
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2 Responses to Ten VCs did reject the BetFair business plan, in the late nineties.

  1. Barry0 says:

    Around that time I`d think VC`s would be overwhelmed with next big thing business plans. Just the idea of betting/gambling wouldn`t entertain a lot of people.

    It`s probably changed a lot since its first concept with poker, games and bookmaking. Skimming the markets and now with famous premium charge which is effectively taking a share of clients profits.

    A loss of income this year, iirc around 20%ish of profits, is from interest of customers funds. Very good chance they will be around for a few more years, but just how far will they be from their original concept.

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