On DraftMix fantasy sports fans can sign up and play pickup games against other players on the site for virtual dollars, with real money coming in the next couple of weeks. Open games are listed in a lobby, where players can sign up in groups ranging from 4 to 10 players each paying into a prize pool. DraftMix also ponies up a nightly cash prize for a free game as well.

When a game is full, players pick their teams from active profession players. Each fantasy manager’s team is scored on their players stats in the upcoming “real world” games. Since stats are needed to find the winning team, the time it takes to finish a game varies by sport. Football fantasy games are finished weekly, since all the teams play each Sunday. Basketball can finish a bit faster since teams play daily. The manager with the most points wins the money pot, with 10% of real cash games going to DraftMix.

Financials

Date Type Amount Investors Valuation
01/01/07 Seed Unknown Y Combinator Unknown

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