Paul Martino
Executive Chairman
Paul Martino

Mr. Martino is a General Partner and Co-Founder of Bullpen Capital. He is the (co-)founder of multiple companies, including: Ahpah Software, a computer security firm acquired by InterTrust (Nasdaq: ITRU, now owned by Sony); Tribe, a social network founded in 2003; and Aggregate Knowledge, a big data advertising attribution company acquired in 2014 by Neustar.

Prior to co-founding Bullpen in 2010, Mr. Martino was an active angel investor and personally invested in the first rounds of Zynga (Nasdaq: ZNGA), TubeMogul (Nasdaq: TUBE), and Udemy. He sold the company Condaptive to Millennial Media prior to Millennial Media’s initial public offering, as well as selling Crowd Factory to Marketo prior to Marketo’s initial public offering.

While at Bullpen, Mr. Martino has led several of its key investments including FanDuel (merged with Flutter Entertainment (LSE: FLTR)), Swish Analytics, Jackpocket, Grove, Ipsy, SpotHero, Ocrolus, and Life360 (ASX: 360). Mr. Martino served on the board of directors of FanDuel from 2012 through 2017, when FanDuel’s revenue grew from approximately $1 million in 2011 to more than $125 million in 2017. From 2012 through 2020, FanDuel’s valuation grew from $8 million to $11 billion.

Since forming Bullpen, Mr. Martino has stayed active as an entrepreneur, forming companies specifically at the intersection of sports, real money gaming, and technology. His most recent endeavor, Bankroll, is building a next generation sports betting lounge, in his hometown of Philadelphia, designed to drive customer acquisition and engagement via a smartphone app. Bankroll aims to receive affiliate fees for signing up new sports betting customers at the licensed operators in the state of Pennsylvania.

Mr. Martino is also active in media and press on the topics of sports betting and gaming. He has been a guest on CNBC and Varney & Co. on Fox Business. He also created a film production company, 818 Media, that produced the film Inside Game. Inside Game tells the story of the 2007 NBA betting scandal in which referee Tim Donaghy leveraged unreported inside information to wager on games, including those that he officiated. Mr. Martino is a graduate of Lehigh University and holds a master’s degree in Computer Science from Princeton University.

David VanEgmond
Chief Executive Officer
David VanEgmond

Mr. VanEgmond has been in the online real money gaming, technology, sports and digital media ecosystem for over a decade. He previously served in executive management positions in businesses at the convergence of sports betting and digital gaming in the United States, including FanDuel and Barstool Sports.

He is the founder and Chief Executive Officer of Bettor Capital, an investment and consulting platform focused on the U.S. sports betting and online real money gaming space since its inception in June of 2020. Bettor Capital’s goals are to identify high growth businesses in the online real money gaming space through proprietary industry knowledge and deep relationships across the ecosystem. Bettor Capital has an investment focus on early-to-mid-stage venture companies that supply the online real money gaming market, such as: software vendors, B2C products, marketing platforms, digital media businesses and other adjacencies. This includes companies such as The Athletic, SportsGrid,, Boom Sports, BetSports, Blue Wire Podcasts, Data Skrive, and several other businesses with exposure to the digitalization of real money gaming in the United States.

In addition to investing activities, Bettor Capital is deeply involved in the industry as a strategic consultant representing sports teams, media companies and other suppliers on the monetization of the emerging online sports betting and iGaming categories. Bettor Capital clients include organizations in the NFL, NBA, MLB, MLS, and WNBA who receive advisory services ranging from sourcing partners, negotiating sponsorship deals, structuring marketing or market access partnerships and more. Mr. VanEgmond has hands-on experience as an executive at both an operator and supplier in the sports gaming ecosystem.

Prior to Bettor Capital, Mr. VanEgmond served as Head of Strategy & Corporate Development at Barstool Sports, one of the largest digital sports media platforms in the United States, from July 2019 to June 2020. Mr. VanEgmond was focused on driving the monetization of the sports betting opportunity for this growing digital media business with deep sports betting content. At Barstool Sports, he sourced and spearheaded the strategic partnership with casino operator, Penn National Gaming (Nasdaq: PENN) (Penn National Gaming’s valuation has grown from $5 billion in 2020 to reaching $13 billion in 2021). This partnership included a significant investment at a $450 million valuation along with call and put rights for a full change of control. Additionally, the partnership featured a long-term commercial advertising commitment, IP licensing arrangement, and many other components for which Mr. VanEgmond led the negotiations and process for Barstool Sports. Since the partnership was announced in January 2020, Barstool Sportsbook has become one of the leading interactive gaming platforms in Pennsylvania and Michigan and has been viewed as one of the most transformative transactions in the online real money gaming industry since sports betting proliferation started in 2018. From 2018 to 2021, Barstool Sports’ valuation has grown from $100 million to more than $1 billion.

Before Barstool Sports, Mr. VanEgmond spent more than four years at the FanDuel Group (from May 2015 until 2019), the leading operator by revenue in the U.S. online real money gaming market (as of March 2021). Most recently, Mr. VanEgmond was an Executive Vice President and Head of Strategy overseeing strategic planning across the business (Sports Betting, Fantasy Leagues, Racing, and Online Casino) which included expansion efforts such as launching the online sportsbook in New Jersey, cross-selling customers to online casino, securing market access in upcoming states and major media partnerships and business development initiatives.

In 2018, Mr. VanEgmond drove the process for the merger of FanDuel with the U.S. businesses of Flutter Entertainment (LSE: FLTR) to create the FanDuel Group. This complex, cross-border transaction included a majority buyout and asset contribution. Mr. VanEgmond also led the integration efforts across the businesses which included the opening of the first FanDuel retail sportsbook and subsequent online sportsbook launch. These efforts helped FanDuel to become a major provider in the online real money gaming market in the United States.

Prior to this merger and the advent of the sports betting opportunity, Mr. VanEgmond served as EVP of Strategy, Corporate Development & Finance for FanDuel. In this role, he led all M&A, Corporate Finance, and FP&A (Financial Planning & Analysis) activities at the company. Under his leadership, FanDuel raised several rounds of debt and equity capital and acquired three businesses, including: numberFire and AlphaDraft. Additionally, during his tenure, FanDuel and DraftKings (Nasdaq: DKNG) had come to an agreement to a merger of equals. Mr. VanEgmond worked on the transaction structuring and integration preparation before the deal was cancelled following an antitrust lawsuit. In addition to the corporate finance and mergers and acquisitions activities, Mr. VanEgmond was tasked with stabilizing the daily fantasy sports business during a time of regulatory challenges. He executed a cost reduction program and steadied the growth of the business in advance of the Flutter transaction.

Before becoming involved with gaming, technology and digital businesses, Mr. VanEgmond worked as an investment banker at Barclays in Silicon Valley, focused on the technology sector. He advised on capital raising and mergers and acquisitions activities with a specific sector focus on Internet, working on transactions for clients like Facebook (Nasdaq: FB), GoDaddy (NYSE: GDDY) and Uber (NYSE: UBER).

Mr. VanEgmond received a Bachelor of Business Administration in Finance from the University of Notre Dame.

Eric Wiesen
Eric Wiesen

Mr. Wiesen has been a General Partner of Bullpen Capital since November 2015. He has spent his career in technology and has been an entrepreneur, investor, advisor, and attorney. He began his career as a co-founder of Xert Computing while still an undergraduate at UC Berkeley. Xert was a provider of hardware and services to the 3D Graphics and Animation communities. As a 20-year-old college student, Mr. Wiesen ran sales, marketing and partnerships of Xert. Following the sale of Xert, Mr. Wiesen attended the University of Michigan Law School, after which he practiced in the corporate group at Fenwick & West LLP in Silicon Valley, working with both startups and public technology companies including Cisco (Nasdaq: CSCO), eBay (Nasdaq: EBAY), Veritas and Compuware (acquired by BMC).

He left the practice of law in 2004 to co-found Higher Ground Solutions, a firm that specialized in the solution design and implementation of enterprise software. After scaling the business, Mr. Wiesen moved to New York City where he enrolled at Columbia Business School. In 2008, he joined professors Stuart Ellman and Will Porteous at RRE Ventures as an associate. Mr. Wiesen was promoted to General Partner of RRE in 2010 and made over 25 investments while at RRE, which focused primarily on digital consumer products and financial markets. He left RRE in July 2015.

Many of Mr. Wiesen’s investments at RRE were acquired by public companies: PayPal (Nasdaq: PYPL) acquired Venmo and Braintree, Stratasys (Nasdaq: SSYS) acquired MakerBot, Twitter (NYSE: TWTR) acquired TapCommerce. Assurant (NYSE: AIZ) acquired HYLA Mobile. Freewheel (owned by Comcast, Nasdaq: CMCSA) acquired Beeswax. Constant Contact (Nasdaq: CTCT) acquired SinglePlatform. Mr. Wiesen was involved with RRE’s early investment at OnDeck (NYSE: ONDK) and sourced the investment into BarkBox (recently went public via special purpose acquisition company (or “SPAC”) merger). Mr. Wiesen manages Bullpen’s investment in Carbon Health and sits on the boards of AvantStay, Bentobox, and Starcity.

Mr. Wiesen holds a bachelor’s degree from UC Berkeley, a Juris Doctor from the University of Michigan Law School and a Master of Business Administration from Columbia Business School.

Duncan Davidson
Executive Vice President
Duncan Davidson

Mr. Davidson is a co-founder and has been a General Partner of Bullpen Capital since December 2010. He is a serial entrepreneur who most notably founded Covad Communications, a leading independent DSL provider that went public (Nasdaq: COVD) and reached a market value of $9 billion, and SkyPilot Networks, a developer of outdoor wireless mesh systems, acquired by Trillium in 2009 for connectivity to smart meters. He served as the SVP of Business Development at InterTrust (Nasdaq: ITRU, now owned by Sony) and led its IPO in 1999 and the secondary in 2000 (InterTrust reached a $9 billion market value in 2000). Mr. Davidson spent four years as a managing director at VantagePoint Venture Partners where he focused on digital media and telecom investments including: Widevine, a digital rights management provider acquired by Google, ProtoStar, a direct-to-home satellite company, and Livescribe, a smartpen company. He served on public boards, including Genuity, Inc., a spinout of GTE Internetworking from Verizon and the last large initial public offering of the dot-com era, and, a broadband provider.

Prior to forming Bullpen, Mr. Davidson co-founded one of the first mobile social app companies, Xumii, which was later sold to Myriad Group and as of 2015 was powering over 200 million users in the developing world. At Bullpen, he focuses on SaaS, mobility and satellite investments, and is an observer or sits on the boards of a number of Bullpen portfolio companies, including several which are in the process of considering SPAC merger proposals from third parties.

Mr. Davidson received a Bachelor of Science in Physics and Math from Brown University and a Juris Doctor from the University of Michigan Law School.