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seannui

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Heroku was Down 4 years ago

No update to their own status or their Twitter (@herokustatus) after 10+ minutes. Pro.

Well, if he truly wants to emulate Jobs he needs to have his wilderness years outside of Apple's bosom. As the prophecy has foretold he'll return in 11 years to retake his spot as rightful CEO.

If you like going to the rock show, wrestling with algorithms that deal with high currency, social media analysis on a crazy complete data chain versus the regular induced douchebaggery, building a credible alternative to TicketMaster, or just run-on-sentences, you should come join our team of pirates at Ticketfly in SF.

It's because the promoter pays the band based on the face price of the ticket, not on the total price with fees.

At an incredibly high level, there are two historical economic forces at play:

1) The Irving Deal, which states that the goal of the band is to get 90% of all earnings of any event, including concessions, popcorn, tickets, etc. Obviously a very tough proposition in the event promotion business when some of your events make you money, but most break even and some you lose quite a bit on.

2) The Fred Deal, which is what transformed TicketMaster from being a company that cost promoters money (you pay us $.50 for every ticket we sell for you) to one that made them money (we'll charge the customer an extra $10 and give you $8 of it, but you need to sign a multiyear contract and we sell ALL your tickets).

If you're keenly interested in this, you should read the very excellent and recently published book Ticket Masters goes through all of the history and mechanics in great detail. Immediately upon finishing you should come work for me at Ticketfly in San Francisco where we're solving these sorts of problems on a daily basis. ;)