Crowd Seats Founder & CEO JUSTIN CENER appeared on Fox Business Friday to discuss his new venture, a Groupon-like website that offers sports fans daily discounts. Cener said Crowd Seats “is the first and only flash deal site for sports tickets.” Cener: “We offer incredible ticket deals on the best sporting events in town with discounts from between 50% and 90% off without any added fees. What really sets us apart is the simplicity. We curate a great sports experience, we set it up with great discounts that enable a lot of sports fans or more sports fans or just general consumers to experience a live sporting event.” Cener said Crowd Seats “takes a percentage of each ticket sold.” Cener: “We work with teams. We also work with brokers. It really depends on basically the schedule. Teams are going to know in advance if they’re going to have some excess inventory so in some cases we’ll work directly with them. Other cases we work with brokers that have a lot excess inventory or last-minute inventory.” Cener added, “As a fan it’s going to be no different experience as if you were going to buy from a broker web site or Crowd Seats.” Cener said he is “pretty much self-funded.” Cener: “I'm a developer and designer myself so I was able to offset a lot of those costs. I started development last May and (am) pretty much running that way since and hopefully, looking to expand but for right now it’s definitely just self-funded” (“Fox Business After the Bell,” Fox Business, 4/20).
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