Dealflicks is Priceline for movie tickets. $40 billion dollars are spent every year on movie tickets, popcorn, and soda, but 88% of movie theater seats are empty. Dealflicks partners with theaters to fill these empty seats by selling movie tickets and concessions for up to 60% off, 24/7/365 with no convenience fees.
Since launching in July 2012, Dealflicks has been featured in CNBC, The New York Times, TechCrunch, NBC, CBS, PandoDaily, Film Journal, and more. Our iPhone app was featured 3x by Apple, first as "New and Noteworthy", second as "What's Hot", and again as "Apps for Movie Lovers". Google recently featured our new Android app at Google I/O 2013.
Dealflicks is part of Warner Brothers' Mediacamp program and is a 500 Startups accelerator company.
We are leveraging tech by using our platform to manage excess inventory, mobile (iPhone/Android) to distribute movie tickets and concessions in a few clicks, UI/UX to make our users happy, and our user-generated data to efficiently allocate theater seats and effectively set prices.
Kevin and I worked together at my long distance marketing company 10 years ago. Kevin became one of my top managers within a few months. He heads up all theater partnerships/marketing. This guy is a biz dev stud.
Kevin and I met Zach through one of Kevin's mutual friends. Zach joined us in early 2012 after I threw up a functional demo site. He heads up all things tech as our CTO and is amazing at building.
I (Sean) do biz dev, online/mobile marketing, fundraising, etc.
We all love movies :)
I grew up watching a ton of movies - comedies/dramas, good/bad, opening night/5 weeks in, Netflix/Redbox - you name it, I saw it. One of the things I've noticed is that there are a ton of empty seats. 88% of theater seats are empty, 95% are empty after opening weekend. That shocked me, and I had the idea for Dealflicks - yield management for movie theaters.
After spending months interacting with theaters, distributors, and movie-goers, we launched Dealflicks - a win/win for all parties.
As a 19-year-old freshman at UCB, made $6000+ in one week selling long distance phone service, bought a Porsche 911, dropped out of UCB, and moved to LA. Grew business to $1M+ rev by age 21, bought a Ferrari 360 and a $1.2M house. Long distance company went bankrupt in November 2004, lost everything (but kept the Porsche). Started over selling refurbished cell phones, went back to UCB in 2008, grew business back to $1.5M+ rev, graduated Dec. 2010, Phi Beta Kappa, summa cum laude. Loves movies :)
UCR Finance. Stock Trader/Researcher at E-Trade, Zecco Trading, and William O'neil. Worked with Sean almost 10 years ago. Loves to follow financial market, huge Boston celtics fan. Grew up in Seoul (bilingual/bicultural).
Currently on 2 month road trip across the US with Evan Pham signing up theaters. Traded by Acura in for my dad's minivan. Sleeping in van overnight with Evan to save time and money. Loving it :) whatever it takes.
145,610 monthly run rate
51% growth mon/monFebruary 2014
96,194 monthly run rate
6% growth mon/monJanuary 2014
90,956 monthly run rate
131% growth mon/monDecember 2013
39,371 monthly run rate
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33% growth mon/monDecember 2012
2,223 monthly run rate
33% growth mon/monJuly 2012
538 monthly run rate
Theater LocationsDecember 2013
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6,800% growth yr/yrDecember 2012
Ticket SalesMarch 2014
23,795 per mon
46% growth mon/monFebruary 2014
16,342 per mon
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14,059 per mon
44% growth mon/monDecember 2013
9,752 per mon
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5,469 per mon
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43% growth mon/monDecember 2012
356 per mon
51% growth mon/monJuly 2012
46 per mon
500 Startups is a Silicon Valley based seed fund & accelerator founded by PayPal, Google, YouTube, and Yahoo alums. We have invested in a number of e-commerce and fashion companies, and have co-invested with numerous top venture capital firms.