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Monday, May 4, 2009
TicketLeap launches do-it-yourself 'online box office'
TicketLeap, the Center City software firm that helps minor-league sports teams (Chicago Bandits) and colleges (West Chester U) sell tickets to events they've sponsored, says it's launched TicketLeap Anywhere, a "cloud-based ticketing platform" that "can do everything a $10,000 full-service box office system can do," says founder Chris Stanchak.
 
Anywhere rolled out at America's Video Game Expo at the PA Convention Center earlier this year, said the show's executive director, Ed Fleming, in a statement: "It was a no-brainer" to run the system from "a few laptops" at the doors.TicketLeap claims 8,000 clients have sold tickets using its other systems, which charges fees of around $1 per ticket, plus a 4% credit card fee, compared to fees above $5 per ticket, plus expenses, for national chains like Ticketmaster or Comcast Tix. 
 
Stanchak started the company as a recent Wharton grad in 2003. While working fulltime at GSI Commerce, Wayne, he funded TicketLeap with Small Business Administration Section 7a loans, first from Commerce Bank for $50,000, then from PNC for $100,000 in 2005. When PNC balked at a $200,000 follow-up loan, former Sovereign Bank executive-turned-"angel investor" Pete Albert and MentorTech Ventures, which backs "companies originating at the University of Pennsylvania," helped raise $2 million last year, enabling the firm to more than double its Sansom St.-based staff, to around 22.
Posted by Joseph N. DiStefano @ 6:08 PM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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