🎫 From Concerts to Campaigns

🔔 Your campaign updates feed

• Major milestone for DameSara! After winning a federal tender, they are now a supplier to both the Quebec and Canadian governments.

• Uproot is investing in its e-commerce platform and ‘direct-to-consumer’ approach. Learn more about their goals in their latest update.

🥳 Alumni wins

• Top Shelf Distillers had their first ever Taste of the Trails event where investors got to get together savouring cocktails and live music.

• Several exciting updates from Ryse, including that they’ve hit new sales records!

• VoltSafe is one of the select Canadian companies invited to engage in one of Canada’s Ocean Supercluster projects: learn more in their latest update.

✍ What’s on our mind?

Let’s talk about concert ticket prices. You might think the U.S. Department of Justice's antitrust lawsuit against Live Nation and Ticketmaster will bring down those sky-high prices. Well, it’s looking iffy.

While accusations of monopolistic behavior have targeted the two ticketing companies for driving up prices, recent data from SeatGeek shows a slight dip in average resale ticket prices—from $269 last summer to $224 this year. The drop can be attributed to big names like Taylor Swift and Beyoncé taking their high-demand tours abroad, where regulations and inflation benefits keep prices in check.

Despite this, concert pricing remains opaque, and breaking up Live Nation might not have the impact many hope for. Artists set the base price for tickets, factoring in their costs and desired profits. Ticketmaster, as the middleman, then adds fees to cover its operations. Breaking up Live Nation might increase competition, but it won't necessarily lower ticket prices. Instead, it could lead to more fragmented and inefficient operations, ultimately passing higher costs onto fans.

With even more concerts this summer (11% more than last year), brace yourself, concertgoers. The ticketing rollercoaster isn't stopping anytime soon, so hold on to your wallets!

☕ Our coffee reads

• Rea is reading: about the influence of limited-time offers on the fast-food world (up 46% this year).

• Trieste is reading: about the FTX executive’s sentence and what the government had to say about it.

• Jyoti is reading: and considering a career change after learning how much influencers make.

👋 FrontFundr

Have you listened to our podcast yet? From Funding to Fame has been live for a little over a year now and we’ve had so many amazing conversations with founders, industry experts, and all of the innovators who have raised on FrontFundr.

Check it out on:
Spotify / Apple / YouTube

📨 Send it to Slack

• Blog alert! Where are you investing? If the answer is a. public markets, b. private markets, or c. both, then this post is for you!