TickPick is an online marketplace for event tickets that started in 2011. It was founded by Brett Goldberg and Chris O’Brien in New York City. They stand out by offering tickets without fees and being upfront about prices.
Since starting, TickPick has grown a lot. In 2022, they sold over $700 million in tickets, a huge jump from 2019. This success has brought in big investments, like $40 million from PWP Growth Equity in 2019. They also have a big partnership with Brighton Park Capital and Symphony Ventures.
Key Takeaways
- TickPick was founded in 2011 by Brett Goldberg and Chris O’Brien, offering a unique no-fee model for ticket buyers.
- The company has experienced rapid growth, selling over $700 million in tickets in 2022, a 3.5 times increase from 2019.
- TickPick has raised significant investments, including $40 million from PWP Growth Equity in 2019 and a recent partnership with Brighton Park Capital and Symphony Ventures.
- The company’s transparent pricing strategy and partnerships with major sports teams and entertainment venues have contributed to its success.
- TickPick aims to compete with its largest competitors in the long term, leveraging its innovative platform and commitment to customer satisfaction.
Who Owns Tickpick
TickPick, a leading ticket platform, is run by its founders, Brett Goldberg and Chris O’Brien. They are the co-CEOs. Goldberg handles the financial, marketing, and operational sides. O’Brien focuses on the tech and its development.
Brett Goldberg’s Role as Co-CEO
Brett Goldberg plays a big role as co-CEO. He guides TickPick’s growth and financial strategy. He’s worked hard to make TickPick’s prices clear, setting it apart in the ticket market.
Chris O’Brien’s Leadership Position
Chris O’Brien leads the tech side as co-CEO. He’s brought in new features like the best deal ranking and bidding tech. These have helped TickPick grow.
Current Ownership Structure
TickPick has gotten money from big investors like PWP Growth Equity, Brighton Park Capital, and Symphony Ventures. But it’s still a private company. The exact share of ownership is not shared publicly.
The tickpick leadership and tickpick executives have grown the company. They keep improving the ticket-buying experience. The tickpick management team has also brought in key investments. This has made TickPick stronger in the market.
The Birth of TickPick: A No-Fee Revolution
In 2011, Brett Goldberg and Chris O’Brien, both Lehigh University alumni, started TickPick. Goldberg had a personal reason for creating the company. He was frustrated with the secondary ticket market and wanted to change it.
With $250,000 from family and friends, Goldberg and O’Brien launched TickPick in 2012. They introduced a unique bidding platform inspired by eBay. This idea later became their no-fee model for buyers.
The secondary ticket market is huge, worth $4.5 billion a year. Over 100 million transactions happen annually. Half of these are made by professional sellers. TickPick’s bid platform lets buyers negotiate with sellers, making it different from other ticket sites.
TickPick doesn’t charge buyers any fees, making transactions simple and clear. Sellers pay a 10 percent commission on sold tickets. This is a big difference from competitors who charge much more.
Thanks to the seed funding, TickPick could create its own ranking system and bidding platform. This helped the company grow in the fast-paced secondary ticket market.
TickPick’s Business Model and Revenue Streams
TickPick focuses on being open and fair in its pricing. It doesn’t add extra fees for buyers. Instead, it makes money by taking a 10% commission from sellers for each ticket sold.
Transparent Pricing Strategy
TickPick stands out with its clear pricing. It shows the total cost of tickets upfront. This builds trust and keeps customers coming back, as they don’t face surprise fees.
Seller Commission Structure
TickPick’s way of making money is simple. It charges a flat 10% fee on each ticket. This is much lower than what many others charge. It encourages sellers to list their tickets on TickPick, as they get to keep more of the sale price.
Revenue Growth and Performance
TickPick’s unique approach has led to rapid growth. In 2022, it sold over $700 million worth of tickets, a 3.5x increase from 2019. Its focus on clear pricing and helping consumers has saved users over $180 million.
TickPick’s success has caught the eye of investors. In 2021, it got a $250 million investment from Brighton Park Capital. This included money from Rory McIlroy’s Symphony Ventures. With this funding, TickPick aims to grow its share in the North American secondary ticketing market.
Strategic Partnerships and Major Acquisitions
TickPick, the innovative ticket platform, has seen amazing growth thanks to smart partnerships and acquisitions. In 2018, it bought RazorGator and Rukkus.com. This move made it a big name in the ticketing world.
TickPick has also teamed up with big sports leagues and entertainment events. It’s the official ticket spot for Major League Baseball, NFL teams like the Philadelphia Eagles and Los Angeles Rams, and LaLiga. It also works with music festivals like the Firefly Music Festival. This makes buying tickets easy for fans.
“The acquisition of TickPick involved a $250 million investment by Symphony Ventures and Brighton Park Capital, marking the largest fundraise in the history of the ticketing industry.”
These partnerships and acquisitions have really helped TickPick grow. They’ve let the company reach more people, improve its services, and become a top ticketing player.
Investment Milestones and Financial Backing
TickPick, a leading no-fee ticketing platform, has made big strides. It recently got a $250 million investment from Brighton Park Capital. This is the biggest investment in the ticketing world so far.
This money will help TickPick improve its tech, reach more customers, and partner with big names in sports and entertainment. Rory McIlroy’s Symphony Ventures also joined, showing TickPick’s top spot in the industry.
TickPick is known for being open and fair with its prices. The White House has praised its no-fee model. It’s also on lists like the Deloitte Technology Fast 500 and Inc. 5000.
With this new funding, TickPick plans to grow, get more people to know about it, and bring in more users. This investment could lead to even more growth, like an IPO or more partnerships.
Christopher O’Brien and Brett Goldberg, TickPick’s founders, aim to change the ticket market. Their work has been backed by $250 million from Brighton Park Capital and Symphony Ventures. This makes TickPick a big player in the industry.
TickPick’s Competitive Edge in the Market
TickPick stands out in the secondary ticket market with its unique benefits. It offers a no-fee policy for buyers, making ticket purchases clear and affordable. This approach sets it apart from others.
At the core of TickPick’s success is its advanced seat valuation algorithm. This technology helps customers find the best deals. The company also focuses on teaching customers and partnering with brands, which has built a loyal following.
Despite big names like StubHub, Ticketmaster, and SeatGeek, TickPick shines with its honesty and new ideas. It has saved customers over $180 million in fees, showing its value in the ticketing world.
| TickPick Advantages | Market Position | Competition |
|---|---|---|
| No-fee policy for buyers Proprietary seat valuation algorithm Focus on consumer education Strategic brand partnerships | Fastest-growing technology company in the ticket marketplace industry Saved customers over $180 million in service fees Backed by $122.5 million Senior Secured Credit Facility from Crestline Investors | StubHub Ticketmaster SeatGeek |
TickPick’s unique benefits, innovative spirit, and dedication to customers make it a game-changer in ticketing. As it grows, it’s ready to shake up the industry and improve the ticket-buying experience for everyone.
Technological Innovations and Platform Features
At TickPick, innovation is key to changing the ticket-buying game. The platform boasts advanced features that make it stand out in the market.
Best Deal Ranking System
TickPick’s Best Deal Ranking System is a big deal for ticket buyers. It uses an algorithm to rate tickets based on how close they are to the event and the view they offer. This helps customers choose the best seats with confidence.
Focusing on value and clarity, TickPick makes sure buyers find the right tickets. This approach is all about making the ticket-buying process better.
Bidding Platform Technology
TickPick introduced a unique bidding platform for flexible pricing. It lets customers negotiate prices with sellers. This feature makes buying tickets more dynamic and tailored to each user.
The bidding platform shows TickPick’s dedication to tickpick technology and tickpick features. It’s all about giving consumers more power.
Mobile App Development
In 2014, TickPick launched its mobile app. This move made it easier for users to access the platform. The app lets customers browse, bid, and buy tickets anytime, anywhere.
This mobile-first strategy has helped TickPick grow its customer base. It’s a big reason why TickPick is a leader in the industry.
TickPick keeps pushing the boundaries of technology in the ticket market. Its focus on tickpick technology, tickpick features, and tickpick innovations has improved the customer experience. It’s also changing the ticketing industry for the better.
Major Sports and Entertainment Partnerships
TickPick has made big moves in the ticket world. It has teamed up with top sports and entertainment groups. This has made TickPick a go-to for tickets to sports and shows.
TickPick works with big names like Major League Baseball and the NFL. It also partners with the NHL’s Los Angeles Kings and LaLiga, Spain’s soccer league. This gives fans special access and experiences.
For entertainment, TickPick has deals with music festivals like Riot Fest and WE Fest. These partnerships boost TickPick’s brand and make it a top choice for buying event tickets.
| Partnership Type | Partner Entities |
|---|---|
| Sports | Major League Baseball NFL (Philadelphia Eagles, Los Angeles Rams) NHL (Los Angeles Kings) LaLiga (Spain’s top men’s soccer league) |
| Entertainment | Riot Fest WE Fest |
These tickpick sports partnerships, tickpick entertainment deals, and tickpick collaborations have been key. They’ve helped TickPick grow, become more visible, and lead in the ticket market.
Industry Recognition and Awards
TickPick has made a big name for itself in the secondary ticket market. It has won many awards for its hard work and new ideas.
Deloitte Technology Fast 500 Rankings
TickPick has been on Deloitte’s Technology Fast 500 list many times. This list honors the fastest-growing tech companies in North America. In 2016, it ranked 32nd. Then, it ranked 134th in 2017 and 153rd in 2018.
Inc. 5000 Achievements
Inc. magazine has also recognized TickPick. It named TickPick one of the fastest-growing private companies in the U.S. In 2016, it ranked 90th. Then, it ranked 525th in 2017 and 733rd in 2018.
Common Questions
Who are the founders of TickPick?
TickPick was started in 2011 by Brett Goldberg and Chris O’Brien. They are the co-CEOs of the company today.
What is the ownership structure of TickPick?
TickPick is privately owned. Brett Goldberg and Chris O’Brien, the founders, co-own the company. The details of ownership among founders and investors are not shared publicly.
How has TickPick’s business model and revenue grown over the years?
TickPick focuses on being open and fair, with no fees for buyers. It makes money by taking a 10% commission on ticket sales. In 2022, ticket sales hit over $700 million, a 3.5x jump from 2019.
What major investments and partnerships has TickPick secured?
TickPick has gotten big investments, like $40 million from PWP Growth Equity in 2019. It also got money from Brighton Park Capital and Symphony Ventures. The company has teamed up with big sports leagues, teams, and music festivals to grow its reach.
What are TickPick’s competitive advantages in the ticket marketplace?
TickPick stands out because it doesn’t charge buyers any fees. It also offers clear prices. The company has cool features like a Best Deal Ranking System and a bidding platform to make buying tickets better.
What industry recognition and awards has TickPick received?
TickPick has been honored many times. It’s been on Deloitte’s Technology Fast 500, the Inc. 5000 list, and Crain’s New York’s fastest-growing companies list. These recognitions show its fast growth and success in the industry.
