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Article: Comeback kid: fantasy sports software publisher does an end run around business failure.
- Article from:
- Entrepreneur
- Article date:
- July 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Entrepreneur Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Some would call it luck - being in the right place at the right time. But if you ask Patrick Hughes, he's likely to call it destiny. The 42-year-old Reston, Virginia, publisher of fantasy sports league administration software and his wife, Cheryl, 35, expect to see their company's sales top $3 million this year - a far cry from the spring of 1994, when Fantasy Sports Properties Inc. found itself staring failure squarely in the eye.
Years earlier, the business had made a promising start. Hughes had been playing fantasy football (a fantasy draft of actual pro players where, if "your" players do well in games, you score) with his buddies for years when, in 1988, he read ...