How To Build A Billion Dollar Company And Start All Over, With Nigel Eccles Of FanDuel And Flick – Part II
Deciding to change the entire direction of your business is inherently hard. Are you giving up too early? Will you lose the value you've already built? What if the new idea doesn't work out? In part two of our interview with Nigel Eccles he explains why his team made the decision to pivot their product and start in a completely new market - fantasy sports betting. It started with an ideation session with his team, and a realization that they still had a lot of potential with the part of their original idea that had been working - prediction software. Nigel discusses how they built their first MVP with no coding, and how lengthy early discussions with customers helped them identify a huge opportunity to create FanDuel. Once there were signs of success, Nigel went on to raise hundreds of millions of dollars in Venture Capital, investing deeply into marketing and growing the company into a billion dollar business. We also learn why Nigel decided to go through the process of building a company from scratch all over again with his new business, Flick, and how he continues to validates his products to know when to correct course. If you have any questions or comments after hearing this episode, message us on the Flick app to chat. See acast.com/privacy for privacy and opt-out information.
