DISQUS

VentureBeat: Ticket search engine FanSnap scores $5.5M

  • Brian Kupetz · 12 months ago
    The interface and maps are great, but I am still puzzled by the business model and similarity to other ticket aggregators. Its great that they have partnered up with so many ticket sites however, there I believe there is a fatal flaw. They are listing tickets from Razor Gator, Stubhub, TicketNetwork and the other major players. The majority of these ticket resellers [brokers] use three primary point of sales systems and export to all of the major exchanges such as Stubhub, Ticketsnow, TicketNetwork, etc. FanSnap likely can't find you the "Best" price, since prices are adjusted almost nonstop in order to keep up with the competition. FanSnap's providers are all selling tickets at fixed prices which are adjusted [raised or lowered] roughly each half hour [or as needed] by company employees and then bulk uploaded to the major providers such as TicketsNow and Stubhub. There are definite features that differentiate FanSnap from its competitors, but over the next year I see the model for selling tickets moving towards dynamic pricing and am rather surprised how much capital FanSnap has been able to raise in order to build a search engine for tickets which crawls vendors such as RazorGator which I hear is on the verge of bankruptcy.
  • Truth Police · 11 months ago
    BK, your site had only 3K uniques last month. Not sure what your qualifications are to make lofty predictions.
  • Zigabid is the expert? · 11 months ago
    BK, you may want to re-read that article or take another look at the model. FanSnap doesnt "crawl" vendors, they have partnered with these sites to get real-time inventory via feeds. If you can get real time inventory feeds from the major portals (StubHub, TicketsNow, RazorGator and TND), then get the inventory directly from the brokers who upload their tickets to these portals, then you will have the best prices.

    Aren't you supposed to be in the ticket business?
  • jason · 10 months ago
    Fansnap doing to snap soon with hard crash landing. What the F&^% you did with 10M? I guess VC got dupped...
  • Snappy Answer · 10 months ago
    Don't assume because they have 10M, that they have spent it yet. What do they have to show so far?

    “FanSnap... growing to be the leader of online ticket search providers.”
       (Gediminas J., Hotstocked, Nov. 25, 2008)
    “Doesn’t it just make you happy when a company gets search right?”
       (I School blog, Berkeley.edu, Nov. 23, 2008)
    “FS is a stupidly easy 'smart ticket search' that scours a vast database of providers...”
       (Thrillist, Oct. 24, 2008)
    “FanSnap is a snap to use and can definitely save you some time and money. Bookmark this one now.”
       (JR Raphael, The Inquisitr, Oct. 17, 2008)
    “… it seems that FanSnap is definitely the new leader in the online ticket sales sector.”
       (Cyrus Farivar, Salon Machinist, Oct. 15, 2008)
    “Looks like I will be using FanSnap… a lot…”
       (Om Malik, GigaOm, Oct. 14, 2008)

    Not a bad start.