Up and Comers
According to the most recent report from Comscore, ticketing is now the most popular category of website in the United States, ahead of fashion, toys and consumer goods. And New York is home to one of the fastest growing ticket sites, SeatGeek, which this week announced a major partnership with Yahoo Sports.
Yahoo is the second largest internet destination, ranking only behind Google in terms of traffic to its network of sites. So how did a small, two year old start-up score prime position on one of the web’s biggest networks in the web’s largest and fastest growing market?
Up and Comers
The team at SeatGeek has been crushing it recently. They were one of the few members of General Assembly’s first class to graduate to their own office space and today they launched a big redesign, complete with a new self serve ad platform that could help the young start-up to diversify its revenue stream. Read More
Hats off to the first company to come out of General Assembly, SeatGeek, which helps users get the best deals on tickets being sold on the secondary markets.
They were part of the inaugural group of start-ups housed at the tech space cum web university in the Flatiron. Now they are moving to down to 11th an University to make room for six summer interns and a gaggle of new employees.
The company recently added Guy Oseary and Ashton Kutcher as investors, bringing some court side celebrity to the $2 million they had already raised from folks like Founders Collective and NYC Seed.
“We’ve currently got 60,000 events at any given time,” says SeatGeek’s Ben Kessler. “We just hired another full time developer and we felt like we’re reaching a size where it was important to get our own space to further establish SeatGeek’s company culture.”
Philadelphia-based DreamIt Ventures, the second established accelerator to open a New York branch, is gearing up to open its doors on Monday. The first hurdle–getting enough quality applications–proved to be no trouble, as managing director Mark Wachen and team had more than 500 applications to sort through in order to pick 15 companies. That’s an acceptance rate of three percent–higher than Y Combinator and the 1.7 percent accepted for TechStarsNY, but still extremely selective.
One of the most interesting developments in the tech industry since the dot com days has been the emergence of cloud infrastructure like Amazon web services.
With AWS, young companies are able to scale faster and cheaper. One of the reasons the seed stage ecosystem is so flooded with cash right now is because a small investment is enough to build a viable app and test the market for consumer traction.
So it’s been a trip watching Twitter today as AWS experiences its worst outage on the East Coast in recent memory. It’s not just the little guys. Established companies like Foursquare, Aviary and Thrillist have all been affected.
Tech Bubble Watch
SeatGeek, which helps users find the best deals on tickets being sold on the secondary market, is on a roll. Today the company announced a new investment from courtside celebs, Ashton Kutcher and Guy Oseary’s A Grade Investments.
SeatGeek is based out of General Assembly, the new startup space in Flatiron that Fashism, another Kutcher Read More