Today, we’re announcing that we’ve decided to back @saunders3000 and his team to build @xpticket. When I met Mike at Breakpoint in 2023, he had just won the Grizzlython. I soon learned that Mike is a serial entrepreneur having sold his previous company to Grubhub and managed to bring his team along with him on a 10 year journey to eventually find their next goal: to build a better ticket marketplace. Now, let me tell you a little about me. I go to a lot of shows, probably 30 a year, mostly concerts and some games. So I feel confident when I say that the current UX for ticket buying is archaic. The exorbitant fees, the lack of “resellability”, the difficulty of finding seats, this is just the tip of the iceberg. Mike’s vision for tickets is different. Mike sees tickets as an asset class and the ticket exchange as, well, an exchange. He also sees the ticket buyer, not just as a buyer, but as a fan. This is what XP is building: an exchange for fans. Despite Mike’s track record, this was a very hard round to raise. Almost every VC I introduced Mike to shared that “they would never do blockchain and ticketing”. Ticketing was too hard, too many incumbents. This was music to my ears, because as an investor, I’m looking for truly contrarian investments and this checked all the boxes: ✅ Killer Founder & Team ✅ 1 → 100 innovation ✅ Serious traction ✅ A sector that average investors wouldn’t consider I can go on and on about why XP is going to revolutionize the ticketing world, so if you want to hear more, feel free to reach out. But if you want to XPerience what it takes to win, I highly recommend you sign up for XP today. Join me and watch as this team ships one of the best products in crypto faster than you could ever imagine.