4/20/2011

Ticketfly

"Social ticketing company Ticketfly is announcing a $12 million Series B round of financing from Root Music investor Mohr Davidow Ventures.  This Series B will bring the startup’s total funding to $15 million and other investors include High Peaks Venture Partners, Contour Venture Partners and angels Roger Ehrenberg and Howard Lindzon.
Ticketfly has an interesting origin story, the company’s co-founders sold their first startup, TicketWeb to industry leader Ticketmaster for $35 million in 2000 and then left that company in 2008 to form Ticketfly.
Seeing that Ticketmaster was missing out on a tremendous opportunity in social marketing and realizing that there was a market in catering to the small venues that didn’t feel right with having a competitor sell tickets (after Tickmaster merged with Live Nation), Ticketfly co-founders Andrew Dreskin and Dan Teree sought to provide people with a Ticketmaster alternative. “We sort of got the band back together for round two here,” Dreskin tells me." ... READ FULL ARTICLE

Info on Ticketfly:
Website: ticketfly.com
Location:San Francisco, California, United States
Founded: February, 2008

Source: TechCrunch 19.04.2011
http://techcrunch.com/2011/04/19/ticketmaster-rival-ticketfly-gets-12-million-to-make-concert-ticketing-more-social/

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