Two Vienna residents looking to simplify the way people buy and sell event tickets decided to start their own company.
Newly created TicketFam is an online platform that controls ticket distribution for events. Though still in the early startup phase of the company, co-founders and friends Ashik Banjade and Arian Shahbazi said that their main goal is to disrupt how people buy and sell tickets now.
The James Madison University graduates met while in college a few years back and launched their company eight months ago. Though they both have full-time jobs as IT consultants, they said they work on their company during their spare time.
“We’ll work with anyone — vendors, artists or stadiums,” Banjade told Tysons Reporter, adding that users can register on the platform and create an event page.
The platform functions by working with event organizers to create a seating or ticketing arrangement, promote events and special offers, analyze the target audience for the event for marketing purposes and allow attendees to purchase tickets from sellers, according to the company’s website.
Currently, the co-founders work with a production company run by Shahbazi’s family called Arian Productions.
On TicketFam’s website, tickets are only available for the upcoming act 25Band, which the production company booked. But the founders said they will be adding more ticket opportunities this week, including an event on Halloween.
Event attendees will be given a QR code upon checkout, the co-founders said.
“All of our payment processes are managed via Payment Card Industry-certified third parties, ensuring the checkout process is secure and regulated,” Banjade said. In the future, the co-founders also want to accept cryptocurrency, PayPal and other forms of payment for tickets.
Soon, TicketFam will unveil a new user interface and features, including a rewards system and game, which Banjade and Shahbazi declined to provide more details on.
Within the next five years, the young entrepreneurs said they hope to catch the attention of competitors and maneuver into a position of power to challenge the status quo and become a main player in the ticket sales industry.
When it comes to costs for artists and event organizers, they do not have a set cost, Banjade said. Instead, they are competitive and will match the price of any competitor until they establish themselves in the ticket sales industry.
“As young entrepreneurs, you’ve just gotta keep trying,” Banjade said.
Photo courtesy TicketFam