Industry Event ticket sales Headquarters Vancouver, Canada | Key people Jayesh Parmar Founded 2008 Type of business Private | |
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Profiles | ||
Picatic in 1 min introduction
Picatic is an online ticketing company. Picatic’s crowd-funding platform for event ticket sales allows promoters to create event pages to generate funding before events are booked. Picatic is known for creating crowdfunding solutions specifically within the events industry.
Contents
- Picatic in 1 min introduction
- How to set up stripe picatic tutorial
- History
- Products
- Recognition
- References
Jayesh Parmar founded Picatic in 2008. The company has offices in Toronto, Saskatoon, San Francisco, and New York City.
How to set up stripe picatic tutorial
History
Jayesh Parmar is the CEO and co-founder of Picatic. Founded in 2008, the company started as a traditional online ticketing company. The first website was launched in 2009. Online ticketing services are a foundation of the company. Picatic allows events and venues to create, promote, and sell tickets for a variety of events.
In September 2012, Picatic launched their event crowdfunding feature. Picatic now offers a crowdfunding platform used to determine demand for an event before booking begins. Like other crowdfunding companies including Kickstarter, Indiegogo, and Tixelated, Picatic gives event planners the ability to raise funding money before officially booking an event. This system creates a no-risk environment for event planners, venues, and artists.
Picatic currently serves United States and Canadian markets. The company plans to expand services to United Kingdom and Latin American markets by early 2012.
Products
Picatic offers two primary services. The company provides online ticket sales. Picatic charges vendors a commission on for-profit tickets. The company does not charge for free tickets.
Picatic’s crowdfunding platform provides crowdfunding options for event planners. Individuals or groups create event pages and pre-sell tickets in order to raise funds for the event. Event creators offer other incentives to increase purchases. Ticket buyers receive refunds if the financial threshold is not met.
Additionally, Picatic offers tools to supplement event planning. These include an app to monitor inventory or attendance lists from mobile devices, widgets to embed on company or individual webpages, online guest surveys, and others. Picatic also provides back-end management tools which allow planners to manage all aspects of an event from one location. Event planners are able to receive daily or weekly sales reports, manage tickets and refunds, email guests through the Picatic website, and provide updates.
The company has been called “the Kickstarter of events”.
Recognition
Picatic unwittingly provided the punch line for an Internet sensation in 2012. Lisa Dutton, an anchorwoman for a local news show in Saskatoon, mispronounced the company name during a broadcast. Dutton told viewers that tickets for a sausage-eating contest could be purchased at “picadick”. This video went viral. Picatic reported a large spike in Internet traffic to the website following this event.
In 2012, Extreme Startups selected Picatic as one of five start-ups to receive funding and support. As part of this cohort, Picatic receives seed money, mentorship and administrative and legal support for one year.
Follow Extreme Startups, Picatic was selected to join the General Assembly at the CTA@NYC in order to further expand their brand and business.