Professional Documents
Culture Documents
eventmix.live
June, 2021
Our mission is to help any event organizer
easily run virtual & hybrid events without
requiring any technical know-how
Key Highlights
• Eventmix is the Virtual & Hybrid Events platform for corporate event
organizers
• Market growing at 23% CAGR to reach $400 billion USD by 2027
• Behavior changes and customer adoption have created high market
demand
• Market that doesn’t have “a winner take all” characteristic
• Evenmix has a Strategic Partnership in Germany that is set to jump start
the company’s revenues in the following year
• Virtual events are here to stay and a lot of emphasis will go towards
Hybrid events in the future
• The company is being built by serial entrepreneurs with previous
successful exits (LiveRail exit to Facebook in 2014 for for ~$500M)
• The founders want to share the investment opportunity with smaller
investors via Seedblink
From our very intuitive events builder, with just a few clicks, the event
organizers can set up an event in minutes and start registering
attendees.
For example, our target customers need more security and data
protection. Having the possibility to brand their events and run them
from their own domain is a game changer because the event
attendees will have a better experience and at the same time agree
to the organizers’ terms and conditions when they sign up to the
event.
The attendees can watch the event regardless the device and the
place. Full interaction is assured with polls, Q&A, networking
roundtables or live sessions.
Region wise, Europe accounted for the highest revenue, as the region has
been extremely successful in winning conferences of international
associations with over half of the top cities and countries selected as
destinations for international association conferences.
In this sense we started with a Pay As You Go Plan which gives organizers
access to all of the features for a price of $2 USD/attendee/event. We
charge an extra 10% from ticket sales, if the event sells tickets (Stripe taxes
included).
Other competitors don’t rely on this Pay As You Go model but our
customers found it valuable especially the ones that don’t run recurring
events. Some customers run events only from time to time, without
regularity and thus would not subscribe to a monthly or annual plan.
Our “North Star Metric” is the monthly number of paid event attendees.
These customers typically run many events every month which require
fast, simple and customizable technology.
The product was released in Public Beta in March 2021, with a more broad
set of features that allowed us to take on more customers and more
complex events.
Since our launch our events gathered over 20.000 attendees. We ran
events ranging from 300 to 3400 attendees.
We have already implemented the German translation for our events and
started working with the Event Inc team to start running events for their
customers through our platform.
1. Organic Inbound
Customer Word of Mouth and referrals have generated the majority of our
leads so far. Our product’s ease of use and feature set has convinced
customers to further promote us to their peers.
The type of customers that are coming via these channels are usually
using the product self-service and we have a “low touch” type of
experience with them, meaning that they require minimal customer
support.
2. Outbound
Partnerships. We will continue to offer the product for free to partners that
can offer us access to their customer base or have marketing potential.
I. The Adapters
These are companies that were offering a management solution for events
before the pandemic and that adapted to online events (Bizabo, EventsAir,
On24, Cvent).
Our competitive analysis showed that “The Adapters” focused on not
losing their existing customer base. They introduced “good enough”
technologies to be able to serve their existing clients. It’s hard for them to
innovate in the technology space or have a good user experience because
they don’t have a “digital DNA”. Their focus is split between their existing
business and online. This keeps them from innovating and being able to
compete with Digital-First platforms.
We are different from The Adapters because we are a Digital First
company, a platform with global possibilities and one that doesn’t care
about the status quo. We have a better user experience, a simpler product,
one that doesn’t require many resources and can scale, innovate and
expand faster than existing players.
Their model requires event organizers to schedule a call, to book a demo,
then a lot of onboarding and talks before an event can be implemented.
Their solutions are complicated and cost a lot.
We are simpler planform, easy to customize and implement and a lot
more affordable, without requiring any commitments.
Online events companies built from the ground up during the pandemic
(e.g. Hopin, Airmeet, Welcome).
The Digital First companies were born during the pandemic and focused
on giving customers a fast solution that they can use for virtual events.
They don’t have a background in the “offline world” so they focused on
innovating in the digital space.
Hopin is the largest competitor in the space, one that had an explosive
growth during the pandemic and was quick to reach a valuation of $5.6
billion US in just one year, showing the gigantic potential of this market. T
Eventmix is competing with Digital First event companies.
In this category, from a use case standpoint there are 2 types of
competitors:
Whitelabel / High-end
Market / Overwhelming /
Complicated
implementation / Expensive
We are not going back to a fully offline world. Virtual & Hybrid events will
represent the majority of the events in the future.
Our vision for the future is to start from virtual events and expand into
hybrid & offline events, covering all the use cases needed by organizers
to run their events, building everything with a “digital first” mindset.