festivalPass

Subscription marketplace across music, film, food & wine, theater, tech & innovation and more

Security Type: Other
Categories: Service Businesses
Min Investment: $144
Location: Austin, TX
Offering Date: March 26, 2021
Expected Close Date: September 22, 2021
Target Raise: $10.00K-$1,000.00K
Deal Notes: Class A Units: $2.88
Valuation: $20,000,000

Company Description

festivalPass is a subscription marketplace across music, film, food & wine, theater, tech & innovation and more. Members enjoy thousands of events locally and globally for one, monthly fee - living life and building community while you're at it.

Key Deal Facts

Huge Market: The global events industry is projected to exceed $200 billion in 2026 and online event ticketing market size is expanding, expected to reach $68 billion by 2025.
Massive Pent-up Demand: Live events have not been possible during the current pandemic environment-- but there is a light at the end of the tunnel. Creators, managers, and large corporations are planning ahead, with an industry consensus that Q3 and Q4 will see a huge return of live events.
Customer Traction: We have 35,000+ members and growing. Thousands of events are already committed to the platform and we’ve produced over 35 podcast episodes.

Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments.

Management Team / Advisory Board Bios

Ed Vincent, Founder and CEO
Interim Head of Product & Data, MoviePass
Founder, Predict Analytics - Data Strategy & Platform for Media and Entertainment
Co-Founder, Connected Intelligence (AI Data Platform)
Founder SimplyEngage (Martech SaaS) sold to Modomodo in 2014

Lisa Licht, Board of Advisors
Former CMO Live Nation Concerts

Laurie Kirby, Board of Advisors
Founder Fest Forum (Largest festival conference)

Vincent Sarafa, Board of Advisors
Chief Strategy Officer, Augeo Marketing, Formerly of Bruin Sports Capital

Lou Schwartz, Board of Advisors
CEO, Engine Media (TSXV: GAME.V)

Damon Gersh, Board of Advisors
Founder Maxons Restoration, Hearts Art Foundation

Gregory Butler, Board of Advisors
Founder ZuCasa

Geoff Cottrill, Board of Advisors
SVP Marketing, CocaCola, Starbucks Entertainment and CMO Converse

Lesa Ukman, Board of Advisors
Founder IEG (sponsorship.com), ProSocial Valuation

Deal Notes

Class A Units: $2.88

Amount Raised : $85,482

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