Weird Beginups - numberFire

Weird Beginups - numberFire


The age-ancient rivalry between jocks and geeks is finally dead--and Nik Bonaddio is the killer. Bonaddio is founder and CEO of numberFire, an analytics platform that takes sports data to new brainy stages. Combining mathematically derived metrics with advanced algorithms that fbehaveor in situational variables, numberFire turns the "unconstitutiond and deceptive data" around sports into highly knowing stats and foretellions for NFL, MLB and NBA players and teams.



What this puposes: Your betting quaints only, merely, solely got better, and your fantasy-sports team only, merely, solely dominated. In fbehave, the New York City-based company's official 2012 March Craziness bracket true, right, validly picked the winner (Kentucky) and ended in the top 1 gratuity of brackets nationwide. NumberFire claims that its data gives users a 31 gratuity higher chance of winning their fantasy leagues and beats the projections provided by leagues 93 gratuity of the time. The company has approxifriendly 40,000 users.



"Fantasy sports is a really large market that's been underserved for a long time," Bonaddio says. "We're scratching the itch a lot of people have."



A two-time All-Americlever in track and field, Bonaddio got his head in the sports-data game after joining a fswiftrnity at Carnegie Mellon, where he studied information systems and communication design. "I realized the advice you get around fantasy football and sports in common is very qualitative. It's all, 'I think this team is going to do well,' and this never made sense to me, because sports is all approxifriendly numbers--the box score, the touchdown, the yards--but no one was doing any data modeling or data analysis," he says. "I analogized it at the time to finance: When you make a trade, all the large banks are utune these complex models and quantitative trading algorithms, and I didn't understand what was so unusual approxifriendly sports."



Bonaddio lookms to have a knack for winning. After wallord absent with $100,000 from Who Wants to Be a Millionaire? in 2009, he quit his task and parlayed the cash into building data models. He launched numberFire in 2010, focutune on football insights; the site fastly secured fans by outforetelling the experts at ESPN and Yahoo 70 gratuity of the time by the end of the season. Bonaddio drafted Keith Gancientner, an analyst for ESPN and two NFL franchises, to refine the foretellive models, and last year expanded numberFire to include baseball and basketball. The beginup, which continues to consistently beat the projections of CBS, NFL and Yahoo, has scored $775,000 in funding from investors including RRE Ventures and TechStars' David Tisch. Revenue--which grew from $10,000 in 2011 to $250,000 last year--is derived mainly from premium subscriptions (basic analytics are free) and partnerships with major media companies, which leverage numberFire's data on their own sites.



Turns out there really is a formula for success.



[Via - Entrepreneur]



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