investor intro deck truncated
DESCRIPTION
Seatcrew is the first and only completely transparent, no-fee, social ticket marketplace.TRANSCRIPT
– 4 Groups of Competitors• Aggregators - Seatgeek• Fee-based model – Stubhub, Ticketliquidator.com + dozens more
• Auctioneer – Scorebig.com, Ebay• Direct-from-venue sales – Ticketfly.com
– Total secondary ticket market revenue is estimated to fall between $10-$20 billion – largely fee based
– Stubhub controls ~25%• Stubhub’s revenue grew 20% between 2010 and 2011– Charges from $12-$24 to ship tickets– Charges 15% to sell tickets– Charges $4.95 per ticket for electronic version– Charges $15 for users to pickup tickets
The Market
The Problem
Industry operates largely on One of Two models:
• Fee-based, anonymous exchange– Host takes up to 20% of transaction + service fees– Users pay exorbitant, often unnecessary, shipping fees
– Excess fee structure lowers demand and seller revenue
– Stubhub, ticketliquidator, ticketsnow.com, etc.
• Free, unstructured, text-based marketplace– No means of tracking buying/selling– Lack of meaningful search filters– Buyers can’t evaluate sellers’ performance record– Craigslist
Buyers and sellers communicate directly- No more processing fees – users facilitate transactions
- Joining crews enables buyers and seller to develop and maintain relationships
Proximity-based Ticket Search- No more shipping fees – buyers find sellers “around the block”
User ratings provide details of prior transactions- Buyers and sellers can weed out unreliable counterparts
Intricate user profile system- Users follow preferred sellers and receive automatic updates regarding tickets and activity of interest
The Solution
- Now- Sellers list and buyers search for tickets by location. - “My Seatcrew” lets users manage their offers made and
received in once convenient location- Social layer helps users follow other user’s activity in
real-time and form “crews” to congregate with friends, new and old
- Seatcrew helps users design social media approaches to spread word of listings
- Coming Soon- Links to seller’ paypal account directly from accepted bids- Seatcrew widget lets other webmasters keep their readers
apprised of Seatcrew listings- Saved search functionality keeps users updated with off-
line notifications of new listings- Sponsored “Crew-Zones” where users can safely and socially
meet up to exchange tickets and enjoy events
- Next- Expand to other major national markets- Targeted ads delivered to buyers before their events
Seatcrew Product Roadmap
Location-based, mobile technology– Last minute buyers can find sellers in their vicinity
– Traveling users can search for tickets near their hotels
– Sellers can list tickets at a variety of locales (home, work, local coffee house, etc.) for increased visibility
Networking Potential– Joining “Crews” helps users with common interests buy, sell and interact with one another
– Consumers value an enriched, technologically-advanced shopping experience
– Simple integration with Facebook and Twitter helps fans sell their tickets and spread the word about Seatcrew
Why Now?
- Seatcrew makes volume sales manageable and cost-effective- No more fees = savings of $100,000’s- Company profiles lets brokers distinguish themselves
- Increased customer retention rate with industry first “follow seller” option
- Easy to manage inventory system keeps brokers in control of who buys tickets and for how much
- Brokers pronounce their policies (i.e. 100% guaranteed tickets) which Stubhub otherwise takes credit for.
Broker Solutions
David Cykiert – Co-President/Founder– B.S. in Business Administration from Syracuse University– J.D. From the Benjamin N. Cardozo School of Law – NY Admitted
– CEO of EMRMax
Ryan Lichwalla – Co-President/Founder– B.S. in Computer Science from Syracuse University– Masters Degree in computer science from Northeastern University
Lee Winikor – Development– B.A. in Computer Science and Economics from Dartmouth University
Brett Lemberger – Graphic Development– B.S. in Graphic Design and Accounting from Syracuse University
Gang Cao – iPhone Development– B.S. in Computer Science from Dalian University (China)– Studying for Masters of Science in Electrical Engineering from NYU
The Team – “Both Feet In”
- Seatcrew strong investment opportunity- National expansion in 3 months- Low cost structure = high potential ROI - Scaling potential = opportunity for exit in ~ 2-3 years
- Secure active angel investors- Projected yearly expenses
- Avg. salary for three founders ~$65,000 * 3- Additional programmers/employees ~$45,000 * 3- Hosting, infrastructure ~ $10,000- Legal expenses ~ $5,000- Marketing and advertising ~ $5,000- Internal market stimulation ~ $15,000
Next Steps
Contact Us
David [email protected](914) 714-8175