Presenting Company: SeatGeek
This company presented during Session 3: New Advertising and Monetization and Platforms
- Website: http://www.seatgeek.com
- Location: Boston, MA
- CEO: Jack Groetzinger
- Press Release: NA
SeatGeek is a web application that forecasts sports and concert ticket prices on the secondary market, analogous to what Farecast (now Bing Travel) does for the airline ticket market. For ticket buyers, this application helps them determine whether they should buy a ticket now or wait until the price drops. For sellers, it helps them identify the optimal time to sell their tickets increasing their profits margins.
SeatGeek’s crawlers have compiled millions of ticket transactions and have also aggregated other factors that influence ticket prices. SeatGeek’s patent-pending technology uses this data in an algorithm that accurately predicts ticket prices.
SeatGeek currently offers a free version for ticket buyers that they monetize through affiliate fees. In October they are launching a premium subscription service for brokers and other ticket sellers.