One of the co-founders of ticketing firm Ticketfly, Dan Teree, is now working on a blockchain-based ticketing startup called Big Neon.
Teree left Ticketfly in September 2013, and his LinkedIn profile lists him as co-founder and COO of a ‘Stealth’ startup. However, investment database AngelList is more forthcoming about what he’s up to.
“Big Neon is building a highly scalable, mobile-centric event ticketing platform for the global live events industry. The company is founded by leaders in the live music industry, including the co-founder of Ticketfly, which was sold to Pandora for $450m,” explains its profile.
“Big Neon will be one of the very first companies in the world to leverage blockchain technology to improve the sale and resale of tickets.”
The company has funding from Silicon Valley VC firms including Redpoint Ventures and Trinity Ventures, while Teree has some interesting company as co-founders of Big Neon.
Its CEO is Naveen Jain, an investor and former boss of music-marketing agency Sparkart, while another co-founder is Riccardo “fluffypony” Spagni, who is the lead ‘maintainer’ for the Monero cryptocurrency.
Yes, there is scepticism around many blockchain startups at the moment, but we’ll be very interested to see what this trio come up with. Although with Big Neon yet to even launch its website, it’s very early days. For his part, Teree seems enthused by the challenge: