VentureBeat - Latest Comments in Zvents gets $7M (yikes) for Ajax events site

Re: Zvents gets $7M (yikes) for Ajax events site

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Re: Zvents gets $7M (yikes) for Ajax events site

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Re: Zvents gets $7M (yikes) for Ajax events site

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Re: Zvents gets $7M (yikes) for Ajax events site

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Re: Zvents gets $7M (yikes) for Ajax events site

bala — Tue, 07 Nov 2006 21:43:23 -0000

Events is very big market, but there are many players with different strategies, and market dynamics will not change foreseeable future.

We started Eventbee in 2003, much before anyone thought about event social networking concept. Having this background, I would say 7M is too much if they are focused on developing some niche features, and it is too little if they think they are taking on entire events market.

Watch out for Eventbee 2.0 (coming out in few weeks) with clear revenue model (infact we already have revenue model)

Bala, President, Eventbee

Re: Zvents gets $7M (yikes) for Ajax events site

Deva Hazarika — Tue, 07 Nov 2006 18:33:38 -0000

Oops, I meant www.upcoming.org for the second one.

Re: Zvents gets $7M (yikes) for Ajax events site

Deva Hazarika — Tue, 07 Nov 2006 18:32:54 -0000

Matt,

What are your thoughts on www.evdb.com and www.eventful.org? Feels like a lot of well-funded players all trying to build critical mass here.

Re: Zvents gets $7M (yikes) for Ajax events site

Peter Cranstone — Tue, 07 Nov 2006 15:09:17 -0000

Here's something fascinating...

Fire up your favorite browser and go to http://www.zvents.com and see "where" it finds you i.e your location.

Then fire up a mobile browser and do exactly the same thing. The desktop found me in Littleton CO - the mobile browser found me in NJ.

Local is exactly that - local. It probably doesn't matter on a desktop, but if I hop on a plane, fly somewhere and then want to use Zvents it doesn't know where I am. Now of course you could type the data in by hand, however on a mobile device that's not always practical, especially if you don't know "exactly" where you are.

What would be cool if Zvents could support real time GPS data. Now you could really be local. Nothing like those local ads to go with your local location.

Re: Zvents gets $7M (yikes) for Ajax events site

Chris Law — Tue, 07 Nov 2006 15:03:36 -0000

Matt, I think that you're missing the point here on what Zvents is all about.

By getting distribution partners with all the major local media outlets they end up with very large number of eyeballs that they can monetize against.

Zvents is certainly swinging for the fences but they've got a real shot at it.

Re: Zvents gets $7M (yikes) for Ajax events site

Chris Law — Tue, 07 Nov 2006 15:02:35 -0000

Matt - I think that you're missing the point here on what Zvents is all about.

By getting distribution partners with all the major local media outlets they end up with very large number of eyeballs that they can monetize against.

Zvents is certainly swinging for the fences but they've got a real shot at it.

Re: Zvents gets $7M (yikes) for Ajax events site

Michael Bazeley — Tue, 07 Nov 2006 14:44:05 -0000

Can't speak to the valuation issue, but there really isn't a Zvents competitor out there right now with a comparable breadth of listings, functionality and management team smarts.

Michael Bazeley
Senior Web Editor
Mercury News

Re: Zvents gets $7M (yikes) for Ajax events site

Stu Phillips — Tue, 07 Nov 2006 13:51:48 -0000

Couldn't agree more Matt - this really sets the bar for the exit.

Re: Zvents gets $7M (yikes) for Ajax events site

Carl Rahn Griffith — Tue, 07 Nov 2006 13:12:36 -0000

would love to see the business plan/exit strategy ...