Jayesh Parmar

Co-Founder and Co-CEO, Gunkii · 1 appearance on the record.

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founderexecutiveinvestorLinkedIn ↗gunkii.com ↗

Jayesh Parmar is the co-founder and former CEO of Picatic, an event ticketing and registration platform acquired by Eventbrite in 2018. Following the exit, he co-founded the oral wellness company Gunkii and serves as an angel investor.

11statements → 7claims → 1claims resolved → 3.82/5average certainty → 1.09/5average debate potential →

1 supported 0 partly supported 0 contradicted 6 not checkable as stated how the 7 claims stand · each chip opens the sources

1 prediction · 6 assertions · 1 insight · 3 disclosures · every statement was checked. The prediction and assertions are the 7 claims: statements the public record can support or contradict. 1 is resolved, and 6 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Jayesh argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Picatic charges $1 plus 2.5% commission per ticket on Pro tier
“The pro product is a commission base. It's a base. It's a base rate. Nathan Latka: What's the base? Jayesh Parmar: A dollar. Nathan Latka: Okay. Jayesh Parmar: and then the commission around 2.5% per ticket.”
Jayesh Parmar Oct 3, 2017 ▶ 5:28 801: The $60M King of Ticket Sales

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Jayesh Parmar on measured tape to publish a rate. This says nothing about how they speak.

Everything Jayesh Parmar said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Event crowdfunding models fail due to low customer lifetime value
“The problem with that is that there's no lifetime value of that customer. Once they get sort of market validations, it's gone.”
Jayesh Parmar Oct 3, 2017 ▶ 10:24 801: The $60M King of Ticket Sales
Assertion Not checkable as stated
Parmar says the B2B segment generates the majority of Picatic's revenue
“The B to B aspect of that is, is, is definitely the much bigger piece of the pie.”
Jayesh Parmar Oct 3, 2017 ▶ 3:59 801: The $60M King of Ticket Sales
Assertion Supported
Picatic charges $1 plus 2.5% commission per ticket on Pro tier
“The pro product is a commission base. It's a base. It's a base rate. Nathan Latka: What's the base? Jayesh Parmar: A dollar. Nathan Latka: Okay. Jayesh Parmar: and then the commission around 2.5% per ticket.”
Jayesh Parmar Oct 3, 2017 ▶ 5:28 801: The $60M King of Ticket Sales
Assertion Not checkable as stated
Picatic enterprise and API tiers range from $5K to $100K monthly
“It can range anywhere from five grand to a hundred grand a month.”
Jayesh Parmar Oct 3, 2017 ▶ 6:18 801: The $60M King of Ticket Sales
Assertion Not checkable as stated
Picatic hit approximately $30M in gross ticket revenue in 2016
“We're around thirty million dollars of gross ticket revenue around, around the park.”
Jayesh Parmar Oct 3, 2017 ▶ 11:48 801: The $60M King of Ticket Sales
Assertion Not checkable as stated
Picatic takes an average 4% cut on gross ticket revenue
“We take about four percent off that, so.”
Jayesh Parmar Oct 3, 2017 ▶ 12:12 801: The $60M King of Ticket Sales
Prediction Not checkable as stated
Parmar predicts Picatic will surpass $60M in gross ticket revenue in 2017
“Yeah, I think so.”
Jayesh Parmar Oct 3, 2017 ▶ 14:08 801: The $60M King of Ticket Sales
Disclosure
Picatic offers free ticketing for events with tickets under $18
“We allow event organizers that are selling tickets around under 25 dollars or 18 dollars in the United States. To go out there and use our platform, sell tickets, organize tickets, manage tickets, and the whole idea around that is for community events or peopl…”
Jayesh Parmar Oct 3, 2017 ▶ 2:28 801: The $60M King of Ticket Sales
Disclosure
Picatic has raised $1.5M in total capital
“No, one five together.”
Jayesh Parmar Oct 3, 2017 ▶ 8:41 801: The $60M King of Ticket Sales
Disclosure
Parmar acquired early customers by personally working event doors
“I mean, I'll tell you in the early days, people, people thought this was a scam or they didn't understand exactly what was going on. I actually went out there and set up their events, work their door and just did everything for them.”
Jayesh Parmar Oct 3, 2017 ▶ 14:19 801: The $60M King of Ticket Sales
Assertion Not checkable as stated
Picatic generated under $10,000 in revenue in 2008
“Less than 10 grand.”
Jayesh Parmar Oct 3, 2017 ▶ 9:31 801: The $60M King of Ticket Sales

Appearances (1)

EpisodeDateSpeaking time
801: The $60M King of Ticket Sales Oct 3, 2017 9m
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