New York Knicks
New York Knicks
David Stern, Carmelo Anthony invest in same fantasy eSports startup
Published
May. 19, 2015 5:54 p.m. ET
foxsports
You may not have heard of AlphaDraft, but some important people have. Those people include former NBA commissioner David Stern and current Knicks star Carmelo Anthony. Both of whom recently invested in the startup AlphaDraft.
Here is a nice summation from GeekWire.com:
The former NBA commissioner participated in a $5 million financing round for AlphaDraft, a fantasy eSports startup that runs daily and weekly contests for cash and prizes, TechCrunch reported today.
The Los Angeles-based company is similar to other popular fantasy sports websites like DraftKings and FanDuel, but is geared toward the eSports gaming world versus real-life competition. AlphaDraft lets users compile a team of the top individual gamers and win prizes based on who put together the best lineup.
Fortune notes that AlphaDraft will pay out at least $5 million in cash prizes and have 1 million users by the end of this year. The company also raised money from Melo7 Tech Partners, the firm created by NBA star player Carmelo Anthony.
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If you're actually learning how to play (because, let's be honest, it does seem pretty fun), here's a video AlphaDraft has actually put out into the public:
H/t to GeekWire.com for the find.)
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