# Play Fantasy Sports

Closed: Aug. 2019

## About this raise

Play Fantasy Sports, with a pre-money valuation of $1.3 million, is raising funds on StartEngine. The company is decentralizing fantasy sports and using a transparent blockchain system to give a new alternative to players. Daily Fantasy Sports is a fun game where participants compete to form the best fantasy sports team. Play Fantasy Sports was founded by Ian Olito and Zachary Fluewelling in 2019 and will be live by the end of 2019 for players to play NBA, MLB, and NFL. New sports like golf, soccer, hockey, and cricket will be added by 2020. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $107,000, and the proceeds will be used for marketing, technology development, and revenue generation.

## Investment Overview

**Not Funded:**
$0

### Deal Terms

#### Total Commitments

Platform: StartEngine  
Start Date: 05/10/2019  
Close Date: 08/08/2019  
Min. Goal: $10,000  
Max Goal: $107,000  
Min. Investment: $199  
Security Type: Equity - Common

Company Stage: Early Stage  
SEC Filing Type: RegCF

Price Per Share: $0.65  
Pre-Money Valuation: $1,300,000

### Company & Team

#### Company

Year Founded: 2018  
Industry: Media, Entertainment & Publishing  
Distribution Model: B2C  
Location: Lake Hopatcong, New Jersey  
Company Website: [Visit Website](http://playdfsnet.com/)

#### Team

Employees: 2  
Founder Name: Ian Olito  
Title: CEO  
[View Ian Olito LinkedIn profile](https://www.linkedin.com/in/octal7/)  
_Funding data not publicly available_

## Financials

### Summary Profit and Loss Statement

|  | FY 2018 | FY 2017 |
| --- | --- | --- |
| Revenue | $0 | $0 |
| COGS | $0 | $0 |
| Tax | $0 | $0 |
| Net Income | $0 | $0 |

### Summary Balance Sheet

|  | FY 2018 | FY 2017 |
| --- | --- | --- |
| Cash | $0 | $0 |
| Accounts Receivable | $0 | $0 |
| Total Assets | $0 | $0 |
| Short-Term Debt | $0 | $0 |
| Long-Term Debt | $0 | $0 |
| Total Liabilities | $0 | $0 |

## Company Funding & Growth

### Funding history

| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
| --- | --- | --- | --- | --- | --- | --- |
| 08/08/2019 | StartEngine | $1,300,000 | $0 | Equity - Common | Not Funded | RegCF |