This is a featured company in TheFunded.com Showcase. Members can vote for this company, and, once a quarter, companies with the most votes get invited to an exciting event where they present in front of leading peers, investors, and media in Silicon Valley. Members can also introduce this company to investors they know, as well as provide feedback on the pitch. Enjoy!
Games/Entertainment in gambling Sector
Located in Oakland, US West
CEO is Mike Reaves
Offering In Development, < 10 Employees
Social and Mobile game developers see $2-$5 LTV from their players and face a high level of competition. CashBet provides "drop-in" access to real-money gambling markets where the LTV is $1500-$1800. Players have better games. Developers make more.
2012 online gambling worldwide: $36B
2014 online gambling worldwide (est): $41B
2018 US online gambling market (est): $10B
Compare this to the $6B 2012 social/mobile game development market.
CashBet is the third online gambling platform that the founders have worked on. The others have been deployed successfully in European markets. We understand the online gambling market, are US-based, and have features the competition lacks.
Team: 5 FTEs and several contractors, worldwide.
Product: 2 demo games integrated and deployed to AWS.
SDK: HTML5 done. Android & iOS, post-funding.
Customers: 2 signed deals. 12 more in pipeline.
Advisors: rockstars in gaming &online gambling.
(contact CEO for password)
All content provided is for informational purposes only.
This is not an offer to sell securities nor a solicitation of an offer to buy
any securities in the United States of America or any other jurisdiction
where their offer or sale is not permitted.