Picatic generated under $10,000 in revenue in 2008
Jayesh Parmar · 801: The $60M King of Ticket Sales · Oct 3, 2017 · at 9:31
Jayesh Parmar, founder and CEO of Picatic, reflects on the ticketing platform's earliest revenue figures with host Nathan Latka.
0:00 / 0:01exact quote · 1.7s
720p mp4 · rendered on demand · StarZero watermark
“Less than 10 grand.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jayesh Parmar
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.”
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.”
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.”
Picatic enterprise and API tiers range from $5K to $100K monthly
“It can range anywhere from five grand to a hundred grand a month.”