It's been an incredible six months for Seatgeek.
The DreamIt 2009 company became a finalist at the TechCrunch 50, the premier launch event for tech startups, closed a Series A financing and revamped their website thanks in part to a deal with SeatQuest.
SeatGeek predicts the future price of sports and concert tickets and gives recommendations on whether to buy now or wait for prices to drop. Their inventory of tickets includes many of the major secondary markets, including StubHub, RazorGator and TicketsNow. SeatGeek's prediction engine does for sports and concert tickets what Farecast, now Bing Travel after being acquired by Microsoft for $115 million, did for airline tickets.
SeatGeek's founders Jack Groetzinger and Russ D'Souza originally entered DreamIt with a startup called Scribnia, a ratings directory of blogs and bloggers. Scribnia was acquired at the beginning of the DreamIt program and Jack and Russ immediately began work on SeatGeek.
After less than 6 months of work, SeatGeek was one of the most successful presenters at the TechCrunch 50. TechCrunch's Robin Wauters writes, "SeatGeek was definitely one of the finalists of the most recent TechCrunch50 conference that I thought were most interesting from a business model perspective."
Watch SeakGeek's presentation at the TechCrunch50:
SeatGeek has since closed a Series A round of financing with heavy-hitters Sunil Hirani (founder of Creditex, an online derivatives market that was acquired for $625M in 2008), Mark Wachen (founder of Optimost, an enterprise multivariate testing app acquired for $52M three years ago), Arie Abecassis (former President of MindFire) and Allen Levinson (former MD of Moody’s KMV).
They have also revamped their website to include seating charts for over 5,000 events. These charts allow users to visualize exactly where they will be sitting for every ticket.
To learn more about SeatGeek, visit their website at http://www.seatgeek.com.