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BurudaConcert Takes to SXSW to Turn Music Fans into Concert Producers
BurudaConcert is a profit-sharing concert planning platform that allows fans to bring their favorite bands to town and take home a cut of the profits.
BurudaConcert is a web-based platform that solves the problem of overly expensive concert tickets by implementing a two-stage ticket system, allowing fans to invest in the production of their favorite bands' concerts. The first stage of tickets, Buruda tickets, are sold at a higher initial cost, but entitle holders to a cut of concert profits once second-stage tickets sell out, along with other enticing perks. These perks range from meeting the band to having a say in tailoring the concert experience to their own personal liking. Second-stage tickets, called Ganda tickets, gain access to the concert and are sold at a reduced cost.
Buruda ticket sales fund the planning and production costs of a concert, while the Ganda tickets cover other post-concert expenses and contribute toward profit. This two-stage ticketing system significantly reduces pressure on bands and concert promoters, as many of the concertgoers stand to gain from a sold out concert and will do their part to promote sales. It allows bands to stage concerts they otherwise would not and connect with their fans like never before to give them exactly what they crave.
About Geeks from Gangnam:
"Geeks from Gangnam" is a group of 10 start-ups from Korea participating in the SXSW 2104 Trade Show and Interactive Festival. They are sponsored by the Banks Foundation for Young Entrepreneurs (http://dcamp.kr/