Sandy Khaund, founder of blockchain ticketing startup Upgraded, explains to Nathan Latka why he turned down an early buyout offer.
0:00 / 0:25exact quote · 25.5s
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“One, there was some acquisition interest to us at some point, and we turned it down, and it would have been nice, and it would have put money in our pocket.
Nathan Latka: How much?
Sandy Khaund: I can't say that.
Nathan Latka: More than ten million?
Sandy Khaund: What's that?
Nathan Latka: More than ten million?
Sandy Khaund: No, it's seven figures.”
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Disclosure
Attorneys asked Khaund for blockchain guidance due to lack of precedent
“In fact, they're almost asking me a little bit. The most fascinating thing about this is that this is such new territory right now that there are times when I get as many questions as I can ask, because it's almost like, hey, we know the law, but you know bloc…”
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Opinion
Khaund: College is only worthwhile at top-tier network-building institutions
“Unless it's to the right place, I'd rather they not go, but if it's the right place, and they build the networks, and they kind of test themselves against the best, my wife went to Stanford, I went to Cornell, I went to Wharton, I feel like we, each of us, tes…”
Sandy KhaundSep 25, 2017▶ 18:53793: Will This Funded Event Ticketing Company ICO?
Disclosure
Khaund: Upgraded's revenue model relies on tokenization, escrow, and attendee data
“What our plan is from a strategy of making money is there's a tokenization aspect, which says that just to convert the ticket from a barcode or a PDF into a blockchain ticket, that's part of the revenue model, but there's an additional revenue model, both arou…”
Sandy KhaundSep 25, 2017▶ 3:36793: Will This Funded Event Ticketing Company ICO?
AssertionNot publicly verifiable
Upgraded tested its alpha ticketing product with an MLB team
“We worked with the Major League Baseball team.”
Sandy KhaundSep 25, 2017▶ 5:20793: Will This Funded Event Ticketing Company ICO?
Disclosure
Khaund: Upgraded has not issued tokens but is evaluating an ICO
“We have not. It's something that we're talking about. We're kind of seeing the momentum around it.”
Sandy KhaundSep 25, 2017▶ 7:09793: Will This Funded Event Ticketing Company ICO?
Disclosure
Upgraded has generated tens of thousands in early revenue
“We've done small engagements on the order of tens of thousands.”
Sandy KhaundSep 25, 2017▶ 5:02793: Will This Funded Event Ticketing Company ICO?
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