Venue By Xcinex

Venue By Xcinex

Your at-home ticket to premium entertainment experiences.

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Security Type
Convertible Note
Categories
Media
Min Investment
$100
Location
Pleasant Hill, CA
Offering Date
March 15, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$1.07M

Company Description

We’ve built VENUE to disrupt a stagnant industry and reinvent live venues and movie theaters with our patented AI and machine vision. VENUE means convenience, access, and privacy while enjoying ticketed content you love. Everything from live events, concerts, blockbuster movies, and Broadway shows, comedy shows... VENUE is a one-of-a-kind entertainment experience for your home.

Key Deal Facts

VENUE utilizes AI and machine vision to expand the ticketed entertainment experience into the home.
VENUE has the potential to disrupt an $80B+ ticketed entertainment industry.
Global IP secured - Patents issued in the US (x2), South Korea, Canada, and Israel.
Highly experienced core team - execs from Warner Bros., Sony, Paramount, VIZIO, CBS, and Universal.
Huge data potential. Platform & device enables advanced data analytics.

Use of Proceeds

$50,000

  • 92.5% towards final market pilot
  • 7.5% to Wefunder.  We hope the final market pilot will be 350 units and take place in Spring, 2021.

$1,070,000

  • 55% towards product
  • 28% towards operating expense runway such as R&D, rent, software, office expenses
  • 9.5% towards business development (setting up our sales and marketing functions, developing our sales channels, distribution channels and in our case, also developing our relationships with content providers/studios)
  • 7.5% to Wefunder.

Management Team / Advisory Board Bios

Cihan Fuat Atkin
Founder & CEO
Brings over 15 years of experience in project consulting, financing, and management.
We want to solve big underlying problems in the industry and bring convenient access to ticketed content for everyone. We care because we have a passion for storytelling and how it shapes the fabric of our global society.

Don Tannenbaum Co-Founder & EVP, Studio Relations
40+ years experience in sales and distribution as former SVP of Sales and New Technology at Warner Bros.

Charles Wingate
CFO
25+ year media finance executive - Ex-Universal, Sony, and Awesomeness. MBA, USC Marshall. CPA (California & Maryland)

James Garcia CTO & COO
Over three decades of software development and former CTO for Vmersion and Enporion.

Tom Daniels EVP, Strategy and Business Development
Over 35 years of M&E experience in distribution, syndication, M&A, programming, and broadcasting. Held leadership positions at Columbia & Paramount pictures.

Prashant Shah Chief Content Officer
25+ years in the M&E industry. Produced over 30 Bollywood and Hollywood movies and TV shows in the US, Canada, UK, and India markets.

Arslan Topcu SVP, Technology
Brings over 20+ years of experience in software development with a focus on AI and computer vision.

Laurie Rosenfield EVP, Communications
Brings over 25 years of experience in the media industry. Held leadership positions at 20th Century Fox and CBS.
Amount Raised : $0
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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