1. It is also posted in securities.
2. I will definitely not be making public negotiations, but am looking to begin a relationship with a prospective investor from this forum.
3. We actually are looking for a fiat currency investor, and our project is very well researched and extremely unique in market approach.
4. We have already established one relationship with a qualified interested investor as previously mentioned, and hope to begin another one soon!

5. Thank you for your concern, but as you have clearly read little of the post and have no personal interest, why not just move on to the next thread that you do have interest in? So funny how internet anonymity leads people to feel the need to constantly comment with disapproval everywhere...just move on and spend your time more productively elsewhere. Thank you!

The Auburn / Cam Newton fan in me would love to. Unfortunately market conditions are nowhere near as ripe in Charlotte as they are in our actual location.

Location is part of the information that must be kept confidential prior to NDA.

If location of a major festival in the making were released, competitors in the area could book the majority of optimal headlining talent for other shows/festivals in the immediate area. Radius clauses would then prohibit us from booking them for our nearby event, resulting in a less than optimal year one lineup.

Bump.

Thanks for the well wishes umanis.

Bump.

We chose not to premiere the festival in 2015 for several reasons. We are fully poised to move through with 2016 and look forward to discussing further in person.

As far as the nature of the festival is concerned, your "kandi kids" concern is valid, particularly with the current state of the market. We aim to differentiate ourselves by being extraordinarily centralized around the experience itself and by booking quality acts that draw the dedicated crowd, rather than the mainstream "EDM" acts that purely draw younger "kandi kids" that have yet to be cultured. That being said, we will be meticulously crafting a lineup that pulls the necessary amount of ticket sales without sacrificing the environment of the festival by saturating it with "kandi kids".

As far as the other posts concerning the legitimacy of the endeavor -
As I have mentioned before, we are seeking investment on multiple fronts. The goal is not to secure an investor based solely on the information given thus far. We look forward to a much more detailed conversation with any potential candidates. I assure you that the opportunity is far more legitimate than it seems with so little information available publicly, but I don't ask for your trust; only the opportunity to discuss further in a private setting.

Bump.
New dates locked in with the venue / city are in May 2016.

As I mentioned before, we are seeking investment from all logical / possible angles. I have to place my time where I feel that it has the best chance of netting results though obviously, and it doesn't seem like this place warrants more than an occasional check in.


We are currently working on locking down between $500,000 and $1M in seed funding, at which point we will be able to announce the festival / headliners and publicize most of the confidential details. We will then source the remaining capital while we are promoting and selling tickets. The festival has been pushed to 2016 to ensure enough time for complete quality.



We very much look forward to providing greater detail, outlining the competitive advantages, the sizable market gap, and many other aspects of this well-researched opportunity. Please message me or email Inquiries@OBEFestival.com with any questions or to deliver the NDA to receive the comprehensive investment deck.

It absolutely is a large and growing market, my concern for this concept is that Intellitix seems to be very far along in said market. While their cashless system does require the vendors and attendees to have the required hardware, this equipment is provided obviously. Whether it is provided at the expense of the organizer via implementation fee or at the expense of the vendor via processing fees much higher than 1%, I do not know without looking into it further or perhaps getting a quote for an upcoming large-scale event I am putting together.

Simpler (and cheaper) implementation and infrastructure is definitely better as long as it does not come at the cost of less reliable performance! Not to imply that your system would, but you would definitely need to be able to clearly illustrate that to organizers that potentially know absolutely nothing about crypto-currencies.

You are right that there is 0 infrastructure of this kind on the vast majority of festivals, my example was definitely keyed more towards extraordinarily large scale events. There may be an opportunity for implementation of EventCoin on a large scale across small to medium sized events, depending on how readily Intellitix will work with these events when faced with competition (and as mentioned above, who the cost of Intellitix implementation and hardware ultimately comes from).

Again though, great idea, just providing some food for thought.

I understand this basic difference, but as an example to illustrate my point - http://vimeo.com/106775134
This video details how the cashless system utilizing these RFID chips functions from an attendee standpoint. They get a bracelet that is their ticket, they scan it to enter the festival grounds, they upload money onto it (either from home beforehand or at one of many POS systems throughout the grounds), and they scan it for all expenditures.

So for example, from a festival attendee standpoint, the two seem about the same.
Option A - Purchase CryptoStock coins (beforehand or on-site) and spend them using my phone or some other existing QR code compatible hardware.
Option B - Purchase Festival Tokens (same virtual currency idea, also beforehand or on-site) and spend them using my bracelet RFID hardware (which I must have anyways)

From a vendor standpoint you may have an advantage, as I was not able to immediately find any information on the processing fees associated with Intellitix but I would assume they would be higher than 1%. Vendors are not the ones who will be making the decision to implement this technology though.

From an organizers standpoint, I find this concept very interesting and it has been proven that cashless systems have many benefits over traditional methods. Thus your idea definitely has merit and is coming from the right direction. I believe Intellitix / Intellipay will cause you some problems though, as they have a proven track record and seem to have provided a solution to the same issues that EventCoin looks to solve.

If there are any advantages of the EventCoin idea that I have missed I would be interested in learning more, but if you have not previously heard of Intellitix I would advise you check these links out for more info, as it seems to be very competitive in nature.

http://www.intellitix.com/pdf/Intellipay%20Cashless%20Payment%20System%20gen2.pdf
https://www.intellitix.com/pdf/TomorrowWorld_Press_Release_2014.pdf

Very interesting idea!

What differentiates this from services such as http://www.intellitix.com/services/cashless/ as far as festival organizers advantages and attendees usage are concerned?

Our top five projected annual expenses are as follows:

1. Artist Fees
2. Stage Production
3. Site Production
4. Staff
5. Government / Miscellaneous (Sales Tax, Liability Insurance, etc)

We conservatively estimate approximately 13,500 in year one, growing to ~30,000 by year 5.

Not exactly. We are specifically seeking to initiate conversations with potential investors. We will then establish ourselves with them privately and legitimately before moving forward with investment proceedings.

A music festival would definitely want as much exposure as possible as soon as all of the artists were contracted with.
With access to some key information at the wrong time (target artists, dates, location, etc), the competition can book artists out from under us either on the same day in a different location or close enough in date and location that radius clauses would inhibit us from booking them. This is not uncommon in the industry, thus absolute discretion is required regarding these matters prior to artist booking.

Bump

Will gladly hop on a phone call with anyone interested, just will not discuss further than the original post on a public, highly trafficked forum...

Rain insurance compensates the policyholder for bonafide loss of revenue due to inclement weather.


On multiple occasions, this post and the accompanying preliminary investment deck outlined that the event details, producers' identities, our qualifications, and investment terms will be provided upon receipt of an executed NDA. Due to the competitive nature of this industry, we cannot divulge propriety and confidential information until confidentiality is contractually guaranteed.
We look forward to disclosing and verifying all details with actual prospective investors.

Additionally, I have already confirmed my identity with Tomatocage (moderator) several months ago for a different post/endeavor and will gladly do so (privately) again.

This investment opportunity is for up to 2 million USD / FIAT through one or more investors to fund a top-tier multi-day electronic music festival to premiere in a wildly under-served and growing US market in the summer of 2015. Investor(s) will maintain the security of a convertible note with interest and the high yields of an equity stake.

Due to the competitive nature of the industry, critical and proprietary information has been omitted from the following short-form investment deck. Upon executing the NDA, the long-form comprehensive investment deck will be provided, which includes the company name, event producer names and biographies, festival location and date, market analysis, financial projections, and specific investment terms. However, the below non-confidential preliminary investment deck contains an abundance of relevant information regarding the validity of this market and viability of this venture. This can be reviewed below, viewed / downloaded at the following dropbox link - ( https://www.dropbox.com/s/hds9dj2skrl7n1v/PreliminaryFestivalInvestmentDeck.pdf?dl=0 ), or downloaded from www.OBEfestival.com.

The purpose of this post and the preliminary investment deck is not to to secure investment, per say, but to garner interest and initiate conversations with potential investors. Only upon reviewing the comprehensive deck will prospective investors be able to review the specific festival details and fully understand the value of this opportunity.

We realize that this forum is a primarily about cryptocurrency. We are seeking investor interest through multiple avenues. However, we connected with our original investor (discussed in the below introduction deck) through this forum, so we are confident that our networking efforts here are justified and are likely to attract qualified investors.






We very much look forward to providing greater detail, outlining the competitive advantages, the sizable market gap, and many other aspects of this well-researched opportunity. Please message me or email Inquiries@OBEFestival.com with any questions or to deliver the NDA to receive the comprehensive investment deck.

This investment opportunity is for up to 2 million USD / FIAT through one or more investors to fund a top-tier multi-day electronic music festival to premiere in a wildly under-served and growing US market in the summer of 2015. Investor(s) will maintain the security of a convertible note with interest and the high yields of an equity stake.

Due to the competitive nature of the industry, critical and proprietary information has been omitted from the following short-form investment deck. Upon executing the NDA, the long-form comprehensive investment deck will be provided, which includes the company name, event producer names and biographies, festival location and date, market analysis, financial projections, and specific investment terms. However, the below non-confidential preliminary investment deck contains an abundance of relevant information regarding the validity of this market and viability of this venture. This can be reviewed below, viewed / downloaded at the following dropbox link - ( https://www.dropbox.com/s/hds9dj2skrl7n1v/PreliminaryFestivalInvestmentDeck.pdf?dl=0 ), or downloaded from www.OBEfestival.com.

The purpose of this post and the preliminary investment deck is not to to secure investment, per say, but to garner interest and initiate conversations with potential investors. Only upon reviewing the comprehensive deck will prospective investors be able to review the specific festival details and fully understand the value of this opportunity.

We realize that this forum is a primarily about cryptocurrency. We are seeking investor interest through multiple avenues. However, we connected with our original investor (discussed in the below introduction deck) through this forum, so we are confident that our networking efforts here are justified and are likely to attract qualified investors.






We very much look forward to providing greater detail, outlining the competitive advantages, the sizable market gap, and many other aspects of this well-researched opportunity. Please message me or email Inquiries@OBEFestival.com with any questions or to deliver the NDA to receive the comprehensive investment deck.