As DraftKings finds an exit, a reminder of what could have been
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today the big news that falls into our orbit is about DraftKings, a sports betting service focused on fantasy sports that will go public via a reverse merger. Not too long ago DraftKings and its erstwhile rival FanDuel were ubiquitous on television; now the two are fractions of what they once were. Let’s chat about what went wrong and what’s next. The ascent Both DraftKings and FanDuel raised modest sums…
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