David McDowell: The Entrepreneurial Journey: 30 Years of Leadership Lessons from David McDowell | The iGaming Leader Podcast
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David McDowell: The Entrepreneurial Journey: 30 Years of Leadership Lessons from David McDowell

Leo sits down with veteran executive David McDowell, co-founder of FSB Technology and an early pioneer in the B2B platform space, to unpack the brutal reality of the 30-year entrepreneurial journey. David shares the truth about leadership burnout, the biggest mistake CEOs make when scaling, and the

David McDowell
Co-founder, FSB Technology
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01 · Watch the episode

The full conversation

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02 · The guest

David McDowell

Co-founder, FSB Technology

David started his career as an engineer in Michigan and moved to London to do an MBA in 1993. David was one of the only members of his graduating class to launch his own business, a two-sided marketplace using college students to teach adults how to use the internet back in 1995. He has spent the last 25 years in the gambling industry, first setting up GameAccount, now GAN, an early provider of skill games that pivoted into a B2B casino games and platform provider before its IPO in 2013. And later setting up FSB, a B2B sports betting platform that was sold to PE in 2019 and on to EveryMatrix in 2024. David is now an independent consultant working with a number of gambling-related businesses and is an Entrepreneur Mentor in Residence at London Business School.

Follow David on LinkedIn →

03 · Inside this episode

Moments worth queuing up

00:00 The entrepreneurial philosophy.
04:00 Building the first venture (SOS) in 1995.
06:15 Transitioning to CEO.
07:45 It often feels like everything that you do is a mistake.
10:00 Managing burnout.
16:30 Careful who your investors are.
19:20 The fundraising Goldilocks problem.
24:30 Why customer-led features are often a waste of time.
31:00 Knowing in your gut someone is wrong for the organisation.
37:00 Communicating your vision clearly.
39:00 Isolation in leadership.

In his own words

01 / 03

“The entrepreneurial journey is just staying in the game long enough so that you can get the wins.”

02 / 03

“All of those are almost noise to the vision. You still have to make sure that you're building your own vision.”

03 / 03

“My biggest mistake is waiting too long [to remove a cultural mismatch].”

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