Jukely
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Transcript of Jukely
JukelyUnlimited Concerts. $25/month
Today’s Agenda
Company Description
Product Overview
Market Analysis Recommendation
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.
“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.
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
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.
Competitive Landscape
Direct Indirect
- No direct competition.
- Jukely is a first of its
kind service.
- Stubhub
- Ticketmaster
- Ticketfly
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
“ 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.
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