Daily Pulse

EventFund: Platform Offers Capital And Risk-Mitigation For Event Organizers



EventFund is calling itself the first-ever financial platform providing event organizers non-dilutive capital, covering expenses in exchange for a share of profits and providing a “unique downside protection program” against unexpected losses. 

“Independent live event producers are some of the most enterprising and creative folks around. By providing financial fuel without diluting their ownership or vision, we’re creating a system that distributes risk more fairly and allows them to truly thrive,” says EventFund co-founder Jon Haile, mentioning a partnership with ticketing platform NIGHTOUT for the pilot program. “We’re proud to have a partner that shares our values and outlook in NIGHTOUT and look forward to building a brighter future for live entertainment together.”
Self-described as “half-investor, half-nerdy accounting team,” EventFund is backed by Primary Endeavors, a boutique investment firm focused on the entertainment and leisure industries.  
“The backbone of the event economy is the event producers who create unique and awesome experiences but COVID has brought them and our industry to a screeching halt,” adds NIGHTOUT CEO Dusty Stutsman. “We believe EventFund provides the perfect solution to get them back on their feet and start hosting events again. Their innovative approach offers capital, accounting, and risk mitigation tools that will give event producers the ability to jumpstart events in the short term and be a lasting resource for growth and scalability long into the future. We’re fired up about this partnership and can’t wait to bring it directly to event producers who are the heart and soul of our industry, especially at this critical point in time when it’s so needed and relevant.”
 
 EventFund is currently onboarding event producers.
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