Sign up to receive 5 free days of our daily summary for tech news.

Read this article for free.

Already a subscriber? Log in here

Eventbrite Tries to Maintain Its Luster

Last fall, Eventbrite CEO Julia Hartz made a big business bet to spend $200 million, the equivalent of the 12-year-old ticketing site’s revenue last year, to buy a competitor, Ticketfly, from Pandora. To do so, she had to raise $134 million in a previously unreported funding round, one that came with an unusual degree of concessions to protect the investors from risk.  

The deal appears to be part of a strategy to increase Eventbrite’s sales, and comes as the company eyes an eventual public offering. With the addition of Ticketfly, Eventbrite hopes to capture more of the market for large events like concerts. Eventbrite, whose value Pitchbook puts at $1.5 billion, is forecasting $300 million in revenue this year, after pulling in about $200 million last year, according to a person briefed on the matter. The bulk of the revenue growth is likely thanks to Ticketfly, which made about $76 million in revenue through the first three quarters of 2017, according to public filings.

What Is The Information?

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting, stories, and exclusives you won't read anywhere else from the largest newsroom in tech.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Cities Startups

Biggest Vacation Home Operator Moving Into City Market

By Cory Weinberg

Startups Google Entertainment

Patreon’s $400 Million Promise: To Expand From Donations to Services

By Tom Dotan

Asia

For China’s Startups, New York Stock Markets Still Beat Hong Kong

By Wayne Ma

Uber/Lyft E-commerce

Uber Sees Strong Growth in Asia’s Food Delivery Market

By Juro Osawa and Wayne Ma