THE MODEL: An app which lets users buy and sell tickets quickly and safely for any event around the world.
STARTUP: Ticketbis (Spanish startup)
WHAT I LIKE
Core Idea – An online ticketing P2P marketplace.
Value Added Services – The platform and payment system is secure. A seller receives payment only after the buyer attends the event. Also the startup ensures delivery of tickets in time for the event. In the case of last minute bookings, tickets are delivered to a pre-arranged location close to the venue of the event.
Competition – The startup is competing with curated online ticketing sites and other similar models.
Peer to Peer Model – Although P2P ensures faster scaling, this brings up a lot of questions around security and fraud.