[Brian Chung] Hey, Brian Chung here, I want to ask about, uh, why you ultimately decided to go
through a SPAC route. So we know that you have plans on scaling up the company and given some of the technology you just highlighted there, but, uh, whyd you ultimately decide to team up with a RedBall Acquisition here on this, as opposed to
maybe going through other avenues of getting publicly listed. And what do you ultimately hope that will accomplish, uh, for your company in the near term?
[Jack Groetzinger] Honestly it had a lot to do with RedBird itself. And they just seemed like perfect partners as we got to know him. Theyve got
a deep history building in, investing in live entertainment, technology companies, other entertainment companies. And, you know, unlike the IPO where you dont have a sponsor thats a closely tied to you, it felt like the ideal way for us
to go public with someone that would be a great partner. That brought not just capital, but a lot of expertise and experience as well.
[Julie Hyman]
Hey Jack, its Julie here. When youre looking at this sort of integrated offering that youre talking about, um, as Brian mentioned a little bit earlier, theres a lot of competition in this space.
I mean, Ticketmasters the obvious giant really out there. Um, whats your market share now in this sort of bread and butter ticketing and what do
you, whats the goal to get to.
[Jack Groetzinger] Yeah so we, relevant to that, made a bit of a scary decision during COVID, where we
entered COVID in the high single digit market share. And rather than pulling back and cutting a ton of head count, we raised a round and we actually doubled down during COVID all with an eye towards gaining market share in the other side of this. So
that meant hiring, that meant continuing to sign clients, that meant really investing in our technology. And as a result, as we now come out of COVID, weve got about 60% more market share than we had coming into it. So right around 12%.
[Brian Chung] Now, by the way, I am a Nets season ticket holder, so Im very, very much looking forward to SeatGeek now being the main platform
this year. But what does that look like when youre negotiating with these teams on being the main platform? Because there are a lot of them out there, a lot of competitors in this space. A lot of, kind of differentiation in terms of the ease
to resale tickets, the ease to download the tickets. How do you make sure that youre the top dog when youre negotiating with these teams - like the Brooklyn Nets in terms of being their main partner here.
[Jack Groetzinger] Delighted to hear that youre a Nets season ticket holder and looking forward to your feedback throughout the season.
Were thrilled to be working with the Nets. And when we talked to the Nets and other teams, you know, like I mentioned, we are a technology company.
What sets us apart is our ability to give fans an incredible experience and allow teams and venues to run their businesses better.