Ticketfly, a startup hoping to challenge Ticketmaster with its social media savvy, said it has had a good year &8212' and it&'s capping the year off with a new partner, the Baltimore Grand Prix.
The grand prix is a big IndyCar race, and it&'s projected to draw more than 150,000 visitors over the 2011 Labor Day weekend. Beyond the pure numbers, the deal is significant for Ticketfly because it marks the company&'s first big partner outside the concert industry.
&''Ticketfly has had a lot of success in large-scale, outdoor music festivals, so now ita4‚¬a4„s time for us to continue our growth into new segments and to apply our skill set to those segments,&'' Ticketfly chief executive Andrew Dreskin said in a press release.
The San Francisco startup was founded by Dreskin and Dan Teree, who previously led TicketWeb, which was acquired by Ticketmaster. They said they saw an opening for a service that not only sold tickets, but also helped concert promoters create a presence on sites like Facebook and Twitter. The company says it now serves more than 100 venues and is on-track to sell 1.2 million tickets this year,
Ticketfly raised $3 million from High Peaks Venture Partners, Contour Venture Partners, The NYC Seed Fund, and angel investors including Howard Lindzon and Roger Ehrenberg.
Next Story: Google Maps 5.0 for Android now available with 3D buildings, offline support Previous Story: Rackspace picks up cloud performance monitoring startup Cloudkick
Print Email Twitter Facebook Google Buzz LinkedIn Digg StumbleUpon Reddit Delicious Google More&8230'
Companies: Ticketfly
People: Andrew Dreskin, Dan Teree
Companies: Ticketfly
People: Andrew Dreskin, Dan Teree
Anthony is VentureBeat's assistant editor, as well as its reporter on media, advertising, and social networks. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.
VentureBeat has new weekly email newsletters. Stay on top of the news, and don't miss a beat.
Discuss Add this link to... Bury
Comments