Everything Julia Hartz said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Hartz: Hypothesis-free customer observation is the key to effortless product experience
“That type of observation of not having a bias towards what you're trying to confirm And not always having a hypothesis that you're trying to prove, but simply observing your customers can yield such great results, and to me is the cornerstone of creating an ef…”
Hartz: Eventbrite processed over 8 million virtual tickets in April 2020
“And then I think April alone, we processed over eight million tickets to events virtually when, you know, many in-person events were not happening.”
Hartz: Online event economics work via higher capacity and lower costs
“While ticket prices Tend to be lower, a bit lower on online events, and we imagine they may have a premium for in-person events once we can gather again in person. Those online events can hold a lot more people, right, at a lower cost, and so it actually works…”
TV series development functions exactly like multi-stage venture capital investing
“And being a development executive is not unlike being a VC, I guess, of several stages. So, you know, you start with seed, where you're cultivating talent, and you're taking a lot of pitches, and then you help to cultivate the idea, and then you get to a place…”
The 2006 ticketing market lacked any consumer-friendly, affordable mid-market platforms
“Basically there was this big void in the market. You know, either you were using checks and cash collected at the door and tracking your attendees on maybe Excel spreadsheets or by hand. Or you were using really expensive kind of dinosaur software on the enter…”
Married co-founders avoided conflict by never working on the same business area
“We never work on the same part of the business at the same time, and we have complementary skills, and we have a set of rules to work through conflict quickly.”
Ticketmaster vertically integrates arenas while Eventbrite operates as a horizontal open platform
“The Ticketmaster strategy is one part of a Live Nation strategy, which is to be vertically integrated into an event. It's large arenas and stadiums that typically serve sports and music that But Eventbrite is a horizontal platform that enables a wide array of …”
Eventbrite pitched 27 venture capital firms in 2008 and received zero checks
“Well, we went and saw 27 firms, and we received 27 no's or not right now. Huh. So we received zero checks. No checks.”
Eventbrite deliberately left its 2009 operating plan with all 27 rejecting VCs
“So what we did was we left our 2009 operating plan with every VC that we met with. And that was sort of seen as, you know, a little risky. Because nobody knew what 2009 would hold. And then our plan B was to take a more lean approach to scaling in 2009, go bac…”
Hartz: Eventbrite raised $6.5 million from Sequoia after securing three term sheets
“We were confident enough to say that we were accepting term sheets on a certain date, and, ah, and we received three term sheets, and we raised six and a half million from Sequoia Capital in that round.”
Hartz: Co-founders should never have disagreements or conflict in front of employees
“For any co-founder team, I think it's really important to understand that, you know, to openly debate is one thing, but to disagree or have beef with each other in front of your employees, because it's just not productive.”
Hartz: Eventbrite raised capital when not needed as downturn buffer
“We raised private capital sometimes when we didn't need it because we wanted to ensure that we would have it when, you know, the bottom fell out again.”
Preparing for an IPO forces essential clarity on company strategy and identity
“The process of going public was really helpful for us. It forced us to codify who we are, and what we're building, and why people are buying what we're building, and what our strategy is for the future. And it's not as if we weren't doing those things, but I t…”
Julia Hartz: Leaders who cannot handle shareholder pressure shouldn't be public CEOs
“If you can't take the heat of that responsibility, then you absolutely shouldn't be a public company CEO”
Julia Hartz considers complaining about being a public company boring and unoriginal
“I don't spend any time lamenting about being a public company. I think that's so boring and unoriginal.”
Ticketing was an abysmal, unexciting industry when Eventbrite launched
“We want to create a horizontal platform in an abysmal industry. Like ticketing was just not something that people got excited about.”
Eventbrite processed $3B in gross ticket sales in 2017
“So, it's valued at a little over a billion dollars. It's Generating three billion in gross ticket sales this year. We'll sell two hundred million tickets, but two hundred million tickets will be transacted in total on the platform this year by, you know, 800,0…”
Hartz: 98% of Gen Z want real-life brand connections
“Our own research shows that pretty much every Gen Z-er, 98% says that they want to extend their relationship with a product or a story that they love in real life.”
Hartz: Live podcasting shows on Eventbrite grew over 65% this year
“Well, you know, live podcasting shows are up over 65% on the Eventbrite platform this year, and that's really driven in part by what you've built.”
Julia Hartz says speed dating organizers are entirely overhauling their event formats
“So we're seeing these creators who have been in the past matchmakers or speed dating organizers. They're actually changing their format completely.”
Julia Hartz says live event discovery is inherently harder than traditional e-commerce
“The discovery of events is hard because it's not askew. It's an ephemeral thing that happens. You don't go to it alone. So I buy shoes on Instagram post-temp, but I'm not going to go to an event alone, you know, that often post-temp. You have to coordinate wit…”
Julia Hartz says Eventbrite generated negative revenue in March 2020 due to refunds
“We, all of our Tableau dashboards broke. We were generating negative revenue, so more refunds than revenue.”
Julia Hartz notes virtual events reached 90% of Eventbrite listings during the pandemic
“What we saw is virtual events went up to like, 90% of the events on the platform.”
Investor Henry Ellenbogen advised Eventbrite to immediately cut costs and raise capital.
“And by and large, the most important guidance I got were from people like Henry Ellenbogen, who said, you know, cut costs and raise money now, don't wait, and be severe about it.”