San Francisco – Eventbrite, a provider of online event planning and
invitation services, has received an investment from Yelp CEO Jeremy Stoppelman,
PaidContent reported.
The amount of the investment was not disclosed.
Founded
in 2006, San Francisco-based Eventbrite says it has logged over 5 million
registrations to date, while users are on the service promoting over 10,000 new
events every month.
The company previously raised a third round of funding in
November, led by Sequoia Capital — saying at the time that it has raised over
$8 million to date.
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(PaidContent)
EventBrite does mainly free events for free. You can’t run a Freemium model forever, without monetizing – will their new model be able to properly monetize to fund needed development over time. Feature development demanded by the market over time, is what makes software great. Think Salesforce or Workday.
Also, they are not PCI Level 1 compliant like a couple of their largest competitors, meaning event planners that have paid events will look elsewhere.