Selling your equity used to be tough, but with EquityZen, getting cash for your private shares is simple — no mountains of paperwork.
Whether you’re an employee of a startup looking to diversify your portfolio or an angel investor seeking liquidity from an early investment, EquityZen can help you get the liquidity you deserve.
EquityZen helps you sell your DraftKings shares to fund life’s biggest expenses: a new home, student loans, an engagement ring or even your dream car.
DraftKings is an online daily and weekly fantasy sports betting platform covering 15 different sports - from major sports like the NFL, NBA, and MLB, to Nascar, eSports, golf, and tennis. It is common to refer to DraftKings and it’s competitors as betting platforms in the DFS, or Daily Fantasy Sports, community.
American’s bet over $150 billion illegally on sports each year. But in May 2018, the U.S. Supreme Court overturned a 1992 federal law that effectively banned the commercialization of sports gambling across most states. The ruling did not make sports betting legal nation-wide but instead allows states to make their own decisions. Since then, 17 states and Washington D.C. have passed or signed legislation legalizing sports gambling with nearly every other state having planned or pending legislation working through their respective processes.
DraftKings and its rival FanDuel have taken advantage of this, creating mobile apps that track a user's location and let them place bets directly from the app as long as that user is within a state or local boundary that allows online sports gambling. It’s estimated that these two companies capture 83% of the online sports betting market share in New Jersey.
Because sports betting - and specifically online sports betting - remains illegal in most of the country there is no hard data about the online gambling market share across the nation, though it’s widely agreed that DraftKings and FanDuel capture a large majority of it. And with $150 billion on the line, DraftKings and other DFS companies continue to advocate for legalization and access to online sports betting, making sure that they are ready when legislation makes its way to a governor's desk.
Create an account and take a quick survey about your holdings. This information is crucial to our process. From there, we will perform initial due diligence, begin a valuation analysis, and determine whether the company is a fit for our platform.
We will list the offering to gauge interest from our investor base and report back to you. This process typically takes two weeks, and the offering will be featured on our website and in our weekly investor newsletter during such time.
If there’s enough investor demand, we will work with the company to complete the transaction. Your sales proceeds will hit your account in 2-3 weeks from the completed transaction and voilà, your liquid!
Specific customer experiences are not representative of all customer experiences and are no guarantee of future returns or success.
“Through EquityZen, I got cash for my private stock, at both a better price and larger volume than the company itself offered through SecondMarket. The whole process was very straightforward and efficient.”
—Lucas, ex-employee, billion-dollar company
“It was great doing business with you guys. You are much better than your competitors who I was dealing with! 10 million times!”
—SS, shareholder in multi-billion-dollar company
If your net worth is tied up in employee equity, then join more than 20,000 shareholders who have accessed liquidity via our marketplace and diversify your net worth.
Buy a home, start a family or pay for your child’s tuition. You shouldn’t have to put your life on hold. Companies operate on a different timeline and are taking longer to go public.
Our platform guides you through the complex process of transferring equity ownership and keeps you updated on the progress of your sale. Execute and manage all your transfer documents easily on EquityZen.