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Categories
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Other
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Min Investment
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$2
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Offering Date
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August 12, 2020
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Expected Close Date
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November 10, 2020
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Target Raise
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$50.00K-$1.07M
Company Description
festivalPass is the world's first festival subscription service across music, film, food & wine and more. Enjoy hundreds of festivals locally and globally for one monthly fee.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Perks
Invest $1,000+ for Get one - 12 month Basic membership on festivalPass worth $108.
$10,000+ Get one - 12 month VIP membership on festivalPass worth $1,020.
$50,000+ Get five - 12 month VIP memberships on festivalPass worth $5,100.
$100,000+ Get five - 12 month VIP memberships on festivalPass worth $5,100 and invited to dinner with investor and NY Ranger Jacob Trouba after a 2021 Game.
Invest $1,000+ for Get one - 12 month Basic membership on festivalPass worth $108.
$10,000+ Get one - 12 month VIP membership on festivalPass worth $1,020.
$50,000+ Get five - 12 month VIP memberships on festivalPass worth $5,100.
$100,000+ Get five - 12 month VIP memberships on festivalPass worth $5,100 and invited to dinner with investor and NY Ranger Jacob Trouba after a 2021 Game.
Key Deal Facts
Own equity in the reimagined $200B live entertainment industry that will come roaring back in 2021.
Members enjoy thousands of festivals and events locally and globally for one monthly fee.
$1.2MM of digital, social and radio media from investor TownSquare Media (TSM) ready to be spent.
TSM is 3rd largest US radio network with 327 stations and digital properties reaching over 60 million fans monthly.
Data driven founder with extensive experience in consumer entertainment data. Data set for member acquisition of over 20MM US consumers.
Investors include NHL Hockey Star Jacob Trouba, Entrepreneur Tom Chavez with $1.2B in exits to Microsoft & Salesforce.
Credit based gross margin positive business model on every transaction.
Recurring revenue with expected $500+ Annual Recurring Revenue / Member.
Management Team / Advisory Board Bios
Edward Vincent
Founder & CEO
Founded Predict — a data-driven consultancy with clients incl. AMC Networks, Sundance, A&E Networks, MovieTickets.com, and more. Interim Head of Product & Data at MoviePass. Founded SimplyEngage, which sold in 2014. Created Maxim Bungalow Hotel.
Craig Kaplan
Head of Brand & Media Partnerships at festivalPass
Prior to festivalPass, he served as National VP of Brand Advertising and Sponsorships at USA Today. Previously, he held senior sales roles at Gilt City, Los Angeles Times and Conde Nast.
