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Evedo

Events Done Better

Bulgaria
Market: Entertainment, Another
Stage of the project: Operating business

Date of last change: 29.06.2020
Min investment
$  25.000
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Total required
$ 400.000
Rating
equalizer из 1000
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Idea

Evedo is a growing event ecosystem consisting of B2C ticket sales marketplace and the B2B event platform. Having a fully functional ticket generating and selling platform Evedo is helping the online and offline event organizers to organize and promote their events better

Current Status

Traction for the past 3 months

Ticket Sales Platform:
Events - 250 +
Event Organizers 300 +
New partnerships. Announced partnership with www.TechSoup.org ( Read more here: https://bit.ly/37PTtjO ) and www.Lovefest.rs ( It is a well-known world music festival with 20 000 people capacity in Serbia we are going to sell their tickets exclusively for Bulgaria )
Organic Traffic in the platform - 25000+
Generated tickets - 6000 +
Generated Ticket Sales - 500+ ( total revenue in tickets - 6000 EUR )

Webinar MVP Platform
As you know we launched our Video Conferencing Webinar MVP ( https://webinar.evedo.co/ ) For the last 2 months 1000 + people tested t and gave us amazing feedback and features requests. We are going to base the future development on this priceless feedback.

B2B Alpha Platform
For the last 3 months, we reached 1000 registered Entertainers, venues, event organizers
( https://alpha.evedo.co/ )

Market

Our target market consists of middle to large scale event organizing companies aiming at expanding their activities internationally.
We are currently developing our ambassador program with the aim of determining which geographical markets we shall focus on during the early stages of development.

Problem or Opportunity

We are solving the following problems:
1. The inefficiency of the event organizing process is due to the lack of innovation and leads to time-wasting, loss of profit, and stress.
2. The lack of direct access to suitable performers, venues, and partners requires the involvement of middlemen, committing fraud and imposing high referral fees.
3. The lack of transparency affects the trust between all participants and results in frequent fraud cases.

Solution (product or service)

The B2B platform enables the event organizer to directly access all necessary partners for the preparation and execution of his/her event. Resultantly, it reduces the costs by cutting the unnecessary middleman, optimizing the process, and providing the opportunity to find the best prices on the market.
Through the B2C platform, the event organizer may sell tickets with 0% commission and conduct effective community management and advertisement.

Competitors

Some of our competitors are Getgigio, Eventchain, GutsTIckets, Myceliaformusic.
Our non-blockchain competitors are established in the field of event creation and in advertisement and promotion. The blockchain competitors are focused on scalping and fraud prevention, security, and transparency and have an automatic conversion for crypto pairs.
The main weakness of our competitors is that none of them is a one-stop-shop for the industry.

Advantages or differentiators

Competitive Advantages:
1. Our B2B platform is going to be the first of its kind on the market;
2. Our strong advisory board gives access to a large network consisting of major players in the event industry;
3. Our growth strategy includes exclusive partnerships with a diversity of established brands which will be either sponsors, event organizers, or venues allowing us to have a significant market share and quick expansion

Finance

% fee of the ticket sales
Premium functionalities in the B2C & B2B Marketplaces
% fee of the B2B bookings
Performance marketing in the B2B & Ticketing platform
Others

Business model

We based our business model on value exchange with our customers.
Freemium business model + performance-oriented fees are the keys to onboard our clients.

Money will be spent on

Team growth and management
Marketing & Business Development
Operations

Offer for investor

Up to 20 %.
Our current round is Convertible Note round.

Team or Management

Risks

The biggest challenge of the project is the balance between quick market expansion and the development of all necessary functionality of the platform. Nevertheless, business development remains the leading factor for the project and we need to secure our market share as fast as possible through key partnerships.

Incubation/Acceleration programs accomplishment

Participating in Master Ventures Accelerator ( Thailand 2019 )

Won the competition and other awards

The winner of Best Blockchain Startup in Bulgaria for 2019 / CESA Startup Awards

Photos

Photo 1 - Events Done Better

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video