PicksPal is a website where users predict the winners of sporting events and win free prizes by doing so. Essentially it is a fantasy sports website featuring football, baseball, basketball, and other sports website.
In this case, users have an incentive to participate here rather than other websites.
Based in Mountain View, Calif., PicksPal was founded by Tom Jessiman, a former CBS SportsLine.com, Sports.com, and Ziff-Davis senior executive.
Since the company started in September 2005, they have raised $9 million. The first round of investment at $2 million was provided by Canaan Partners. The second round was $4 million and was provided by Canaan Partners and Bay Partners. And the most recent funding at $3 million was provided by Canaan Partners and Bay Partners once again.
