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Full-Time

Product Manager

B2C

Posted on 4/16/2024

Vivid Seats

Vivid Seats

501-1,000 employees

Online marketplace for live event tickets

Consumer Software
Entertainment

Mid

Chicago, IL, USA

Hybrid working model allows for both in-person and remote collaboration.

Category
Product Management
Product
Required Skills
Agile
UI/UX Design
Requirements
  • Proven experience in helping organizations map business value to customer needs.
  • Sufficient mastery of technology so that you can take high-level technical concepts and break them down into prioritized roadmaps and plans in partnership with engineering.
  • Prior experience in product management and a record of successful product delivery.
  • Ability to juggle multiple priorities and manage trade-offs to establish the right approach to executing the product strategy.
  • Highly analytical with experience managing data-centric products; capable of turning raw data into information and insights.
  • Proven experience of crafting product roadmaps by gathering input from customers, partners, internal users, engineers and other stakeholders.
  • An understanding of online marketplaces and an interest in the live event space.
  • Bachelor’s degree preferred; in science, technology, or a related field.
Responsibilities
  • Work across the organization, partnering with multiple stakeholders (including design/UX, operations, customer support, accounting, proprietary tools, etc.) to understand and translate requirements, make tradeoffs of scope and implementation, and deliver high quality products.
  • Define the product goals and roadmap, ensuring alignment with business objectives and company strategy.
  • Lead the team in prioritizing product features and collaborate in design, estimations, and planning sessions with the overall team.
  • Define features through clearly written user stories as part of an Agile delivery team; verify stories are implemented as intended, records bugs, and assist the engineering team in driving resolution.
  • Analyze user data and feedback to measure the effectiveness and competitiveness of the product.

Vivid Seats operates an online ticket marketplace that connects buyers and sellers of tickets for live events, such as sports games, concerts, and theater performances. The platform allows sellers to list tickets they have already purchased, while buyers can browse these listings to find tickets that suit their preferences. Vivid Seats generates revenue by charging a service fee, which is a percentage of the ticket price, paid by the buyer at the time of purchase. The website and mobile app offer features like searching for tickets by quantity, price, or seat location, and provide electronic transfer options for secure ticket delivery. Vivid Seats stands out from competitors with its user-friendly mobile app and strong customer support, which includes guarantees for valid ticket delivery. The company's goal is to create a reliable and convenient platform for people to access live events.

Company Stage

IPO

Total Funding

$350.3M

Headquarters

Chicago, Illinois

Founded

2001

Growth & Insights
Headcount

6 month growth

0%

1 year growth

4%

2 year growth

11%
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Simplify's Take

What believers are saying

  • Recent investments from Millrace Asset Group and Dynamic Technology Lab indicate strong investor confidence and potential for growth.
  • The company's ability to generate over $1 billion in gross order value in Q1, with an 18% revenue increase, highlights its robust financial performance.
  • Vivid Seats' involvement in high-profile events and initiatives, like the Maxim Big Game Experience and MusiCares' Humans of Hip Hop, enhances its brand visibility and market reach.

What critics are saying

  • The competitive nature of the secondary ticket market requires continuous innovation to maintain market share.
  • Economic downturns or shifts in consumer spending habits could negatively impact ticket sales and revenue.

What makes Vivid Seats unique

  • Vivid Seats distinguishes itself with a user-friendly mobile app and comprehensive customer service, setting it apart from other secondary ticket marketplaces.
  • The platform's electronic transfer options and guarantees for valid tickets add a layer of trust and reliability that enhances the user experience.
  • Vivid Seats' strategic partnerships and investments, such as those with Stockperks and DraftKings, bolster its market position and offer unique value propositions.

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