Industry News

Big Neon lights up blockchain potential

Dan Teree, co-founder of Ticketfly, has set up a blockchain-based ticketing startup called Big Neon.

According to Music Ally, Teree left Ticketfly in September 2013 and has since listed himself as the co-founder and chief operating officer of a ‘Stealth’ startup on LinkedIn.

However, investment database AngelList shows Big Neon’s profile as stating: “Big Neon is building a highly scalable, mobile-centric event ticketing platform for the global live events industry. The company is founded by leaders in the live music industry, including the co-founder of Ticketfly, which was sold to Pandora for $450m.”

“Big Neon will be one of the very first companies in the world to leverage blockchain technology to improve the sale and resale of tickets.”

The firm has support from Silicon Valley VC companies including Redpoint Ventures and Trinity Ventures.

Big Neon is also headed up by Naveen Jain, an investor and former boss of music-marketing agency Sparkart, while another co-founder is Riccardo Spagni, who is the lead ‘maintainer’ for the Monero cryptocurrency.

The blockchain firm, Big Neon, is still to launch its website, according to Music Ally, though Teree expresses his enthusiasm for the project in a tweet.

He said: “Hiring at my new company! Product Designer, as well as Product Manager and Community Manager. Come…let’s have some fun.”

Image: Davidstankiewicz