Enterprise Bizzabo Alternative
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Jason proposes creating an improved enterprise events platform, essentially building a "10x better Bizzabo." The business would focus on selling to enterprise clients who need sophisticated event management software, avoiding the low-margin consumer event market.
Key Points:
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Target Market:
- Enterprise clients
- $20-30k annual subscription fee
- No percentage cut of ticket sales
- Focus only on enterprise events, avoid consumer market
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Business Model:
- SaaS subscription model
- Sell as enterprise software
- Avoid percentage-based revenue from ticket sales
- Focus on annual contracts
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Competitive Advantage:
- Build significantly better product than existing solutions
- Focus on enterprise-specific features
- Improve on Bizzabo's current offering
- Address pain points of existing ticketing platforms
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Market Opportunity:
- Current platforms are "shit products" but dominate enterprise event space
- Existing solutions aren't meeting enterprise needs effectively
- Market exists for better enterprise-focused solution
- Avoid consumer event market pitfalls (like Eventbrite, Splash)
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Revenue Strategy:
- Focus on high-value enterprise contracts
- Avoid small events and consumer market
- Target companies willing to pay premium for better solution
47:38 - 47:54
Full video: 01:09:44JY
Jason Yanowitz
Co-founded Blockworks, a company providing insights on cryptocurrency. Hosts Empire podcast, exploring the crypto industry. Expertise in blockchain technology and Web3.