Ep 59 Festivals by subscription with no ticketing fees coming to a live event near you with Ed Vincent
How would you like to never pay ticketing fees and always get a better deal to access live events? That's the promise of Festival Pass, which is the world's first live events subscription service across various experiences including music, film, food & wine, theatre, and tech & innovation. Launched in the US, the plan is for a truly global village of experiences as more countries ease restrictions to allow gatherings again.
Ed Vincent is an entrepreneur with over 25 years experience in business, technology and management. Among his achievements was the founding of an e-commerce business in 1999 which was sold to a competitor in 2001. He also founded companies like SimplyEngage, myProducer, and Predict Ventures before starting and becoming the CEO of Festival Pass.
Quotes from Episode:
"What I'm most excited about is when somebody comes onto our platform and says, Hey, I'm in New York city but I can't get out ...and I want to see my favourite band in five places playing live tonight.... And I'm going to pay five credits,, maybe the equivalent of $5 or $10 to see them playing for a half hour or an hour in New York. And then I'll flip over to LA to the Viper room and I'll see my second favourite band playing live there."
"It's not that our product is only for millennial and Gen Zs, it's that they're leading kind of the path of how to consume for the future."
-The return of major festivals as the world lives with COVID-19
-An offer to never pay ticketing fees and always get a better deal to experience live events
-How technology for capturing live events has become affordable even for small players
-How Festival Pass is like AirBnB meets ClassPass
-Using credits to book hotels at cheaper rates than you can find online
-Painful past failed subscription models and what they've taught Ed
-How Gen Z is informing experience platforms for the future
What Ed is reading now:
Nonviolent Communication by Marshall Rosenberg
Connect with Ed:
LinkedIn: Ed Vincent
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