Aventus + other "Tickets Toddlers"
Aventus.io, Eventchain.io, Blocktix.io and similar such "ticket saviours" and tout-killers all suffer from the same disease.
They are rank amateurs representing themselves as capable of penetrating the highly-closed, effectively oligopolized and vertically-integrated live events business.
Aventus, who, with its over-engineered website and inscrutable "White Paper" (which reads more like a doctoral thesis in cryptoasset theory than a practical solution for disrupting ticketing) comports itself poorly to anyone who understands the true political nuances of the live events industry like this writer.
The recently-minted academics (perhaps love-birds from their "Series Eight" days) - who represent that they can lead the entity - have a collective zero in concert or sports event production.
The critical "experts" they conscripted as advisors for their Rube Goldberg approach to live event economics consists principally of (a) Diane Bowers a person wholly unknown by anyone of any gravity in the entertainment business. Her hallmark experience as an impressario seems to be her Delray Beach Florida business entity called "Blue Horizon Entertainment" formed less than a year ago. Google that and judge the results for yourself. Think she can get Irving Azoff on the phone??
A marginal improvement occurs with (b) "Advisor" Bernie Dillon. Bernie's claim to fame (from his rather thin LI profile) is arranging shows for Native American-owned Casino showrooms. Hardly the arenas that Taylor Swift cares about. But, the Aventus ICO is in itself a kind of casino isn't it??
Bernie's showbiz career trajectory propelled him from booking shows for these Wall Street-managed, Indian Tribe casinos to now booking acts for Carnival Cruise ships. Meaning now he books C-List, long-in-the-tooth acts playing small venues. The extent of his brief at Carnival? Unclear. Entertainment Weight necessary to tackle what Aventus is after? = lighter than helium. But we are sure he is a lovely chap.
So why do these millennial, ICO-barkers command any serious consideration? In this analyst's view - they don't.
Their convoluted conception will never work in the realpolitiks of the entertainment business.
Because nothing is easier than fools parted with their money. A lesson that co-founder Ms Monari surely learned well as an "intern" at the masters of that game ... GoldmanSachs.
Blockchain will penetrate the ticketing sphere but not under the auspices of business toddlers facing off with adults of the stature of Michael Rapino of Live Nation or a Philip Anschutz of AEG. And do you seriously think any major tour would entrust their money to a group which has already had their own ICO hacked??
A careful analysis of Eventchain.io reads even more dismally. This is a true embarrassment to the potential of ICO financing.
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So starts the misinformed, politically-naive attempted gold rush to turn out Ticketmaster - who is OWNED by the biggest tour promoter on Earth and further has long-term, exclusive contracts with the venues naive entrepreneurs in the blockchain tickets space need to outsmart.
Expertise in Ruby on Rails or even being a Quant for a Hedge Fund that eats and spits out employees like fishbones does not qualify one to take on the USD$36B concert and sports industry.
Your ETH will be the lunch that this unqualified group uses for their lunches at L’Atelier de Joel Robuchon – Covent Garden. Or rather, pay for the Dolce & Gabbana bags that Ms Monari wishes to fills her closet with.
Wait for the old pros from the entertainment business who really know where the bodies are buried. It will take a long time and far more connected people than this crew to crack live events.
And for all the soon to be very disappointed early-birds with their AVT? Keep this URL handy: https://www.sfo.gov.uk/
C-B
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