YR Media (05/16/23) Alicia, Trinity
Former New York University students Avante Price and Eli Taylor-Lemire co-founded POSH, an event ticketing platform designed to dovetail with an expected $2 trillion-plus expansion of the live events industry through 2028. Price said they established POSH to “democratize the ability for any fan with a passion for live events to get involved in the space with as little friction as possible.” POSH's official public launch was last month, following an initial test run in 2020. “Other existing platforms have limited functionality, offer little or no marketing tools and have weak financial infrastructure that requires organizers to wait up to two weeks after their event to receive their capital,” Price explained. “We built POSH to make it the best platform to find what to do as an attendee, make money as an affiliate and manage an event as a host.” POSH's key features include white-labeled event pages, ticketing and RSVP tools, marketing tools, instant payouts, dispute resolution, community management and kickback offers for attendees to become paid affiliates. Event organizers can use these tools for free, and POSH will be compensated for each ticket purchased via the platform. POSH is currently used by over 500,000 people and has processed $30 million in tickets so far. “The founding team's deep-rooted understanding of the industry's challenges has enabled them to craft a solution that adeptly addresses the evolving needs of modern event organizers,” said Nick Efstratis with POSH investor EPIC Ventures.
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