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500’s Demo Day Batch 16 >> Ticktate
The document outlines the challenges faced by concert-goers and promoters regarding ticket purchasing and sales. It highlights that over 50% of concert tickets go unsold, resulting in significant financial losses, and proposes a solution that offers efficient last-minute ticket purchases at savings. Additionally, it mentions the company TickTate's success in achieving $25k in monthly sales with a strong growth rate and a high repurchase rate among millennial users.
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500’s Demo Day Batch 16 >> Ticktate
- 1. Helping concert promoters fillvenues angel.co/brian-canty brian@ticktate.com
- 2. Difficult concert discovery Overpriced tickets Painful purchase process Ticket purchasing todayangel.co/brian-canty brian@ticktate.com
- 3. -Problem for fans- Nosimple way to purchase last minute concert tickets at efficient prices angel.co/brian-canty brian@ticktate.com
- 4. 50% of ticketsgo unsold = $30 billion angel.co/brian-canty brian@ticktate.com
- 5. -Problem for promoters- Nosimple way to distribute unsold inventory angel.co/brian-canty brian@ticktate.com
- 6.
- 7.
- 8. 30 seconds and you’rein! angel.co/brian-canty brian@ticktate.com
- 9.
- 10. 92% millennial > 50% repurchase rate Attends 15 concerts/ year on Ticktate Ticktate fan stats angel.co/brian-canty brian@ticktate.com
- 11.
- 12. Brian Operations $20mm+ raised forB2C startups; Successful exits, Industry experience Brandon Product Adil Engineering Stephen Advisory / Partnerships angel.co/brian-canty brian@ticktate.com
Editor's Notes
- #2 Intro - Hi, I'm Brian Canty, CEO cofounder of Ticktate We help concert promoters fill venues, through an easy-to-use mobile app, similar to HotelTonight for concerts.
- #3 As someone that's been to over 500 concerts in my life, I know firsthand the pain points that concertgoers feel. The discovery process is fragmented, the tickets are overpriced and the purchase process sucks.
- #4 Put simply, there's no easy way for fans to purchase discounted tickets to local concerts
- #5 As a result of these issues, concert attendance is low. 50% of all tickets go unsold! 50% That's a $30 billion opportunity
- #6 For promoters, there's no way for them to efficiently distribute this unsold inventory
- #7 Ticktate solves these issues by making discovery easy for the fan
- #8 Allowing the fans to save an average of 20% per ticket
- #9 And allowing fans to purchase in under 30 seconds.
- #10 Music fans in SF/NY/LA have responded. Last month we did $25k in sales and have been growing 31% monthly since December
- #11 But the most amazing part about our userbase is how engaged the fans are. More than 50% of our revenues come from secondary purchases, and the average fan on our platform is going to over 15 concerts per year. We are the way that millennials in SF/NY/LA purchase concert tickets. I know this phrase is overused in Silicon Valley, but our team is a group of rockstars. Here is a picture of us from the early days
- #12 Now, we've traded the whiskey and drumsets for coffee and computers...
- #13 and we've raised over $20 million for several B2C startups, we've had successful exits and have industry experience working for companies like Ticketmaster and Rdio. We're the right team to change the face of the live music, so if you're excited about joining our band, come find me after!