POSH It is a platform that allows users to manage and sell tickets for any type of event, large or small. This includes event planners and promoters, or even friends who want to pay for the expensive alcohol they consumed at your party.
POSH is now officially launching its public launch after being in beta testing since October 2020.
Along with its launch, the company announced its $5 million Seed Round, led by Companyon Ventures & EPIC Ventures. Day One Ventures & Pareto Holdings joined by DoNotPay founder Joshua Browder & others.
We are excited to invest [POSH co-founders Avante Price and Eli Taylor-Lemire] Tom Lazay stated in a company statement that “They continue to define live events management, both for organizers as well as attendees”.
The money will be used to expand the team, develop new features and update their mobile app.
Currently POSH belongs POSH. iOS app Only for event curators. The app will be available on Android devices in the next month. In June, POSH will add updates that focus on features for attendees/eventgoers, including an Explore tab and social elements.
POSH wants to be a “Shopify for all events,” said Price (22) and Taylor-Lemire (22) when speaking with TechCrunch. The platform was designed to be a self service, all-in one tool for event planners. They can create customized payment plans, send unlimited text messages and emails to eventgoers. They can also manage community features and analyse data such as attendee stats and tracking link data.
POSH integrates applications from third parties, such as Mailchimp and Twilio. The platform includes an API that allows organizers to list POSH events in third-party marketplaces such as EDM Train. A webhook allows users to receive real-time information on transactions.
POSH allows its users to create their own “marketplace”, a kind of online store, to fit their brand. This is an excellent tool for independent planners who wish to grow their businesses.
“If you are a big brand and use Dice or Ticketsmaster to promote an event, the branding of that ticketing platform will be all over the website. Taylor-Lemire added that your company’s brand is not visible. “When we go and ask attendees that go out using platforms like Dice or Ticketmaster, ‘Hey, do you know the event production company that put together this event?’ They usually are just like, ‘No I just purchased the tickets on Dice.'”
Taylor-Lemire stated that POSH is a “subtle brand” that allows attendees to focus on organizers.
Users can customize the event pages with a variety tools. You can customize the event page by adding accent colors, a flyer, venue pictures, and artist lineups.
Event organizers receive a profile, which allows them promote all their events at once. The top section displays a list of events and attendees.
POSH offers organizers additional options to approve attendees. In addition, they can request attendees to RSVP with their social media info — whether that be a LinkedIn, Instagram or Twitter account. To ensure extra security, the event can be locked with a passcode.
Kickback by POSH is another feature that is unique. The attendee-to-affiliate conversion tool feature allows guests to invite their friends to events and receive a commission on ticket sales. Affiliates receive a link they can share. They can link their Debit Card to receive instant Cash Back. The organizer determines the percentage of ticket sales that will be rewarded. Affiliates can get, for example, 20% of the ticket sales.
POSH wants event attendees to know they can become event planners.
“If you’re a micro-influencer… you get that soft introduction to bringing people to an event. Our tools can help you create your event’s brand. Taylor-Lemire said that the tool was designed to achieve a specific goal.
“Attendees don’t usually go from attending a lot of events to throwing an enormous party. There’s some intermediary steps like you become a promoter, or you work as a photo/video person for a company or a DJ — you can monetize your social influence,” he added.
At this time, attendees are only able to view the Kickback offer after receiving a link for the event. POSH will eventually make the offer available to everyone in the Explore tab.
POSH allows event attendees to chat before and after the event. Partiful’s RSVP site offers a similar function, allowing users to comment directly on event pages.
Price said that POSH is considering adding a monetization system where attendees anonymously “liked” the names on a list. Attendees can pay to see who liked their name. The concept sounds intriguing, but it is not clear if people would pay for this service.
POSH reports it has more than a half million users and has processed tickets worth $30 million. The company refused to reveal revenue or share values but claimed it recently achieved profit.
“We are excited to tell our story and launch the show as young African American founding members.” There were very few role models for us when we were getting into the space… to get to where we are today was an uphill battle,” Taylor-Lemire said. “And so, we want to inspire any other young founders out there like us who were passionate about building but really didn’t know how to go about the venture or tech side of things that it is possible…You can make things happen.”
Price and Taylor Lemire both worked as freelancers at nightclubs in NYC. Taylor-Lemire was Price’s DJ.
Price said, “People were making false claims and paying late.” Price said: “People were making false promises and paying late.
Price and Taylor Lemire founded POSH originally to host events aimed at college students and young professionals.
You can apply using your Twitter profile or LinkedIn profile. [tell us] We accept the fact that you will attend our events every week regardless of what you can offer to the community. It’s only a party. This was not the time to network. Price added: “But the event was much more classy.” It’s the origin of the name POSH.
The company is now a platform that manages and sells tickets.
Price and Taylor Lemire, both 22 years old, graduated from NYU. They have experience both in the tech and entertainment industry.
Price began working in the entertainment industry very early. Price was only five when his local DJ father taught him to DJ vinyl.
It was initially difficult to believe that a young child could mix, scratch, and mash records using a turntable. Price showed the Turntable to us during his TechCrunch Interview. YouTube video He did it.
He founded his business, ChoreBug, as a teenager. It was similar to TaskRabbit, in that users were able to hire local high schoolers to complete everyday tasks.
Taylor-Lemire was fascinated by YouTube as a child. He discovered music video production and began filming local rappers’ videos.
He cofounded Stumped in High School – an application to build school communities.
He then opened his own freelance agency to create fashion magazine content. He also worked with Sony artists and ROC Nation. Taylor-Lemire has a creative side. Music Video Express, a service where people could book videographers in the area.