Eventbrite is a U.S.-based event management and ticketing website. The service allows users to browse, create, and promote local events. The service also allows event organizers to offer online ticketing services for their events; a fee of 2.5% of the ticket price plus 99 cents per ticket sold is charged to generate revenue, but Eventbrite does not charge any fee for free events.
Headquartered in San Francisco, Eventbrite opened their first international office in the UK in 2012. The company now has local offices in Nashville, London, Cork, Amsterdam, Dublin, Berlin, Melbourne, Mendoza, and São Paulo.
Video Eventbrite
History
Eventbrite was founded in 2006 by Kevin Hartz (Co-Founder and Executive Chairman) and Julia Hartz (Co-Founder and CEO) and Renaud Visage (Co-Founder and CTO). Prior to his position at the company, Kevin Hartz was involved with PayPal and was the Co-Founder and CEO of Xoom Corporation, an international money transfer company. Julia Hartz, wife of Kevin, was raised in Santa Cruz, CA. After studying broadcasting at Pepperdine University, she became a creative executive at FX Network in Los Angeles. Soon after the two became engaged, she moved to the Bay Area and helped co-found Eventbrite.
On March 18, 2011 Eventbrite raised $50 million in Series E Financing led by Tiger Global. On April 22, 2013, Eventbrite raised another $60 million in growth capital financing led by Tiger Global, and including T. Rowe Price. On March 13, 2014, Eventbrite raised a private equity round of $60 million, and on September 1, 2017, the company raised $134 million in a Series G funding round. This brought their total funding to $334 million. Previous funding involved firms including Sequoia Capital, DAG Ventures and Tenaya Capital.
In 2016, Julia became the CEO of Eventbrite, while Kevin took the role of executive chairman. Renaud Visage built the Eventbrite site platform. Visage started his career as a consultant with Geomatrix Consultants. He later became the Director of Engineering with Zing Networks. He has a Master of Engineering from Cornell University and from École centrale de Lyon in France.
In March 2017, Eventbrite purchased D.C.-based event tech startup nvite for an undisclosed sum. On June 9, 2017 Eventbrite purchased Ticketfly from Pandora for $200 million.
In April 2018, Eventbrite acquired the Spanish ticketing service Ticketea, citing its events discovery platform and "robust ecosystem of third-party integrations" as being advantageous. Later that month, Eventbrite was subjected to criticism over an update to its merchants' agreement, which specified that the service had the right to attend and record footage of any aspect of an event for any purpose, and that event organizers were "responsible for obtaining, at your own cost, all third party permissions, clearances, and licenses necessary to secure Eventbrite the permissions and rights [to do so]." Following public backlash, Eventbrite chose to remove the passage entirely. The company stated that it wanted the option to "work with individual organizers to secure video and photos at their events for marketing and promotional purposes", but admitted that the clauses were too broadly-worded.
Maps Eventbrite
Funding
On March 18, 2011 Eventbrite raised $50 million in Series E Financing led by Tiger Global. On April 22, 2013, Eventbrite raised another $60 million in growth capital financing led by Tiger Global, and including T. Rowe Price. This brought their total funding to $140 million. Previous funding involved firms including Sequoia Capital, DAG Ventures and Tenaya Capital.
The company is expected to file for an initial public offering in 2018.
Competition
Eventbrite was the first major player in this market in the US and as such saw the benefits of being a "first mover" in the market. Since the launch of Eventbrite many alternatives have been developed and are now fighting for recognition. Capterra, the software comparison site, lists 204 ticketing systems available. These are direct and indirect competitors, some of whom are aimed at a niche audience such as music or sports. Eventbrite announced they were not looking to go public immediately in 2015.
See also
- CTS Eventim
- Bookitbee
Other meeting exchange networks
- Meetup
- MEETin
- openevents
References
Source of article : Wikipedia
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