From high-rise to start-up
Reynolds, 47, and Angelides, 54, have settled into post-Comcast life. At the media and telecom giant, they worked out of the 37th floor of the technology tower, Philadelphia's tallest building.
Now, they rent the second floor of a quaint office building on the eastbound side of SEPTA's Berwyn train station. It's an easy commute for Epoxy's employees who live in Philadelphia. The start-up employs 12, mostly a crew who followed Reynolds and Angelides from Comcast. The firm also uses six contractors.
Angelides said the plan over time is for 20 to 30 full-time employees.
Epoxy hopes to raise $7 million to $10 million in venture capital this summer, and it has filed for patents on their technology through Philadelphia law firm Morgan Lewis. The co-founders see Epoxy's technology as offering three services: synchronization between the TV viewing and bets, visualization of sports data, and bet recommendations.
Angelides and Reynolds met in the 1990s at Traffic.com in Chesterbrook, a real-time traffic information service for radio and television stations. Traffic.com, bought by Nokia, took traffic data from road and highway sensors and sold it to television and radio stations. The business taught Angelides and Reynolds the importance of packaging real-time information for audiences.
At Traffic.com, they thought of other areas where real-time information could be valuable. It was in the early days of mobile phone apps. When the pair realized that sports fans were always looking up sports stats on their phones, they developed a business to access and visualize box-score sports data in real time. Fans could consume the data as they watched games.
"The idea was that if you were a sports fan and you were sitting there and you were watching the game and a player comes up and you don't know who he is or what his stats are. How many home runs he has? What's going to happen next? What's the most likely outcome? You got to go through looking through box scores? It was a nightmare," Angelides said.
In late 2011, Angelides and Reynolds launched OneTwoSee to provide sports data instantly. It was their first start-up. Over time, OneTwoSee developed the platform to display up-to-the-minute sports stats on cable television and integrated the service into Comcast's X1 platform. Comcast viewed the sports data — accessed through a button on the TV remote — as a way to make its huge investment into sports rights more engaging for its subscribers. In 2016, Comcast bought OneTwoSee for an undisclosed price.
Inside Comcast, the OneTwoSee team stuck together and helped to deepen the sports platform for the OIympic games.
Reynolds and Angelides said they had a great experience at Comcast and they left on good terms. But they were restless and viewed online sports betting as the next big thing.
Angelides gave notice to Comcast that he was leaving in November 2020. Reynolds did the same in mid-2021. Of his decision to leave Comcast, Reynolds said that "once you start building stuff, it's hard not to do it."©2022 The Philadelphia Inquirer, LLC. Visit at inquirer.com. Distributed by Tribune Content Agency, LLC.