Vivid Seats

#9335

Rank

$84.17M

Marketcap

United States

Country

Leadership team

Mr. Lawrence C. Fey IV (Chief Financial Officer)

Mr. Jonathan Miles Wagner (Chief Technology Officer)

Mr. Stanley Chia (CEO, Pres & Director)

Products/ Services

Events, Internet, Marketplace, Reservations, Ticketing

Number of Employees

100 - 500

Headquarters

Chicago, Illinois, United States

Established

2001

Company Registration

SEC CIK number: 0001856031

Net Income

20M - 100M

Revenue

500M - 1B

Traded as

SEAT

Social Media

URL

https://www.vividseats.com

Overview

Location

Recognition and Award

References

Summary

Vivid Seats Inc. operates as an online secondary marketplace for tickets in the United States and Canada. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for live sports, concerts, and theater shows, and other live events. This segment offers Skybox, a proprietary enterprise resource planning tool that helps ticket sellers manage ticket inventories, adjust pricing, and fulfill orders across multiple ticket resale marketplaces. The Resale segment acquires tickets to resell on secondary ticket marketplaces; and provides internal research and development support for Skybox and to deliver seller software and tools. The company was founded in 2001 and is headquartered in Chicago, Illinois.

History

Vivid Seats was founded in Chicago, Illinois, in 2001 by Jerry Bednyak and Eric Vassilatos.Vivid Seats has been invested in by two private equity companies, Vista Equity Partners in 2016 and GTCR in 2017. GTCR bought a majority stake for $575 million.Vivid Seats is a member of the Internet Association, which advocates for net neutrality.The company went public on October 19, 2021 after a merger earlier in 2021 with Horizon Acquisition Corporation, a SPAC. It trades on the NYSE and Nasdaq as SEAT. Todd Boehly is chairman of Horizon Acquisitions Corporation, which announced that “Eldridge Industries, LLC , an affiliate of Horizon’s sponsor, Horizon Sponsor, LLC, has entered into an agreement with DraftKings to make a private placement PIPE investment in connection with the closing of the previously announced merger between Horizon and Vivid Seats.”

Mission

We are committed to earning your satisfaction with every order. We have the most responsive customer service team in the industry with decades of professional experience satisfying our thousands of loyal customers and corporate clients. We are here to help you from start to finish…any time…all the time. Getting the right seats at the right price in a fast-moving market requires skilled, efficient, professional coordination. Our full service staff is there to do just that—fully dedicated to giving you the best ticket buying experience in the industry!

Vision

Our vision is to be the most trusted and reliable source for live event tickets. We want to make it as easy and secure as possible for everyone to buy and sell tickets.

Key Team

Mr. Eric Vassilatos (Co-Founder)

Mr. Geoff Lester (Chief Commercial Officer)

Mr. Edward Pickus (Chief Accounting Officer)

Emily Epstein (Gen. Counsel)

Tyra Neal (Chief Marketing Officer)

Mr. Jerry Bednyak (Co-Founder)

Ms. Sarah Doll (Chief People Officer)

Recognition and Awards

Vivid Seats has been recognized by Inc. Magazine as one of the fastest growing companies in the U.S. It has also been named one of the top ticket marketplaces by Consumer Reports and has an A+ rating in the Better Business Bureau.