Jukely

10
Jukely Unlimited Concerts. $25/month

Transcript of Jukely

Page 1: Jukely

JukelyUnlimited Concerts. $25/month

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Today’s Agenda

Company Description

Product Overview

Market Analysis Recommendation

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Jukely’s History

Founder 1: Bora Celik Founder 2: Andrew Cornett

NYC HeadquartersEngineer + concert promoter. Collaborater with Tiesto in festival promotion.

Former Designer @ Kickstarter. 13 current Employees

More than 50 venues in 8 cities

$3.3M Raised Tiered Pricing

Austin, Chicago, Los Angeles, Miami, New York, San Francisco, Seattle, and Toronto

Series B Round of $2.4M in 2014. Jukely Premium: $25/monthJukely Unlimited (+1 to every event): $45/month

Founded in 2011 Techstars NYC Alumn Pivoted to “Netflix for Concerts” Collaboration of ex Kickstarter

designer Andrew Cornett and electronic music mogul Bora Celik

Member of Techstars NYC 2013 class

Originally a music recommendation algorithm.

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“Jukely helps the industry reach its full potential by ensuring ticket supply does not exceed demand, helping fill venues and increase overall payouts to promoters/venues.”

Product Overview

Fans pay proportionally less based on number of concerts attended.

Unpurchased seats are filled similar to Class Pass

Payouts are given based off number of Jukely concertgoers.

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Open spots reported

Netflix for Concerts

Concerts added to Jukely

Personalized Recommendations

User RSVPs

Added to Guestlist

Venues receive

paymentFan

Venue

Goes to showPurchases

drinks / merchandise

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Market Analysis 0138

Live Sector Growing Youthful Demographic Various Genres

Worldwide, concert attendance up 26% (Boxscore). Number of shows increased by 5.8%. Per-show gross is up 20%

Urbanite young professionals 18-24 going to concerts in place of other forms of nightlife.

Multiple venues allow a concert for almost every kind of fan.

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Competitive Landscape

Direct Indirect

- No direct competition.

- Jukely is a first of its

kind service.

- Stubhub

- Ticketmaster

- Ticketfly

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Performance

8 Cities and Counting Venue Payouts Increasing

Plans to expand into 400 cities internationally.

Average Jukely Unlimited member goes to two and a half, almost three shows a month, 20 times more than the standard concertgoer.

Bora Celik: ”Venues are paid based on original ticket price and how many people went. We've been increasing those checks 50% month over month.

Active Members

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“ Will the amount of money Jukely subscribers generate for venues and performers be proportionally less than what general admission patrons generate? “

Concerns

A member pays $15 a show several times a month and switches to Jukely. In pure math: Artists earn less.

Jukely’s response: “Artists increase their revenues. The system works on top of ticket sales, it doesn't replace them.”

Venues profit from bar sales, but artists generally don’t.

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Recommendation

Domestic & International Expansion

Micro-subscriptions

Continue growth by expanding

into cities across the world. Consider expanding into verticals

like Sport, Nightlife, and Theater.

Arrange micro-subscription deals

with specific venues or production

companies. Caters to specific

type of music.

Grow beyond Music