Breaking the Live Events Business Model w/ Ed Vincent

Apr 19, 2021

52:49

forum

Ask episode

view_agenda

Chapters

auto_awesome

Transcript

info_circle

Episode notes

Today’s guest is Ed Vincent, Founder and CEO of FestivalPass. Ed and his team are trying to reinvent the model for accessing live events and how we go about deciding what events to go to as consumers. FestivalPass is the first festival and live event subscription marketplace that provides access to music, film, food and wine, tech and innovation, sports and entertainment and more. His data-driven background is trying to help shape the future of the live events industry.

------

Show Notes

4:32 The Building of FestivalPass

7:50 Lessons Learned from MoviePass

9:24 Utilizing Credit Systems for Dynamic Pricing\

13:55 The Vision for FestivalPass

15:08 Bringing Sports onto the FestivalPass platform - Brokering Deals with Ticket Providers

20:25 Creating Value and Understanding Behaviors in Subscription Models

26:35 Future Outlook on Live Events

28:33 Understanding Consumer Confidence in Getting Back to “Normal”

30:28 The Strategy of FestivalPass Post-Pandemic

35:41 Criteria for Analyzing Failed Ideas

38:13 Evaluating Core Principles for Implementing Ideas in New Industries

40:43 New Trends in the Live Events Space

44:30 Importance of Building the Infrastructure to Meet the Business Demand