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We are an offer-based platform that allows users to negotiate the price they buy and sell tickets for, on the secondary market. Wes Brodsky: The ticketing industry, since its inception, has been on a fixed price model. That's a completely inefficient way to price tickets. Describe SaveFans and what it does?
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We also do lots of things in-venue, including mobile ticketing, integrating with Ticketmaster, Comcast, and many other ticketing providers. Combining that with my previous experience, which was in the platform and SaaS market, and sports, was really a home run. Once you're inside, we do a lot of things during an event or on game day.
As you probably know, PayPal just opened up their platform to outside developers, and we took a look at that and the opportunity it presented, and build something based on the PayPal API. People hate fees when you do that, they hate it when they are charged for taking money from an ATM, for Ticketmaster when it charges a fee.
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