St.Louis Park-based DraftStreet.com (Left Tackle, LLC) recently raised a $1.6m series A equity round from undisclosed investors — primarily in New York.
In essence, the site is a hyperactive marketplace for NBA, NHL, NFL and MLB fans and teams to compete in short term (daily and weekly) fantasy sports leagues.
We since caught up with Co-founder and COO Michael Kibort to learn more about the startup and his adventures in growth.
What is the genesis of DraftStreet.com?
First of all, the four founders are all fantasy sports nuts! We wanted to turn this passion and energy into something more and saw a lot of room for improvement within a fast growing industry. We officially formed in 2010 and from there, figured ‘let’s make something that people like us would enjoy’. It all began with a soft launch MLB over the summer and I don’t really know that there was originally a goal to do X or be Y, since our collective passion for a better product was the motivation. We’ve since learned that this can be a profitable enterprise and see a big upside in where we’re headed.