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Wednesday, November 16, 2011
FanFueled Raises $1M, Challenges Ticketmaster and EventBrite With Referral Rewards
Ticketmaster screws artists and venues by charging big service fees that scare away customers. Chicago-based FanFueled thinks its time event ticketing and marketing platforms stop gauging and start adding value. That's why it's just raised a $1 million seed round led by Listen LLC and angel William Lohse to provide ticketing at 1/3 to a 1/4 of Ticketmaster's service fee. It also plans to one-up Eventbrite with its referral-tracking system that lets event promoters track social sharing of ticket links and reward those driving the most sales.
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