The SEATXCHANGE offering is now closed and is no longer accepting investments.

SEATXCHANGE

An In Venue Seat Exchange

Small OPO
Los Angeles, CA
Events
Accepting International Investment
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Sit Where You Want, When You Want, and Stay Within Your Budget!

Join the Xfan Revolution!

As fans, we have been conditioned to sit in the same seat for the entire concert, game, or show. Why? Because we don't have any other options! Yes, you can ask the person next to you to change seats, or if you see an open seat a couple rows away you may grab it, but that only works around you, not for the entire stadium.  


I was "conditioned" just like you, despite attending countless live-events, the thought of exchanging seats with someone on the other side of the stadium never even crossed my mind, it wasn't possible.... But then on August 13, 2016, all that instantly changed when through a series of what seemed like unlikely and frustrating (at the time) circumstances my seats were switched at halftime to nearly the identical seats on the other side of the stadium and I got the opportunity to watch my team on offense both ways.  It was one of the coolest fan experiences of my life! As that was sinking in, I noticed the couple next to me was getting ready to leave, their car was on the other side of the stadium and they wanted to avoid traffic.  Its a good thing I convinced them to stay or they would have missed one of the best comebacks I've seen in person.  It is at that moment seatXchange was conceived!  


Think about it, it makes no sense that people can't exchange seats. Think about all the live-events you've seen, now imagine you had a platform where you can conveniently exchange seats inside the event, how would that have changed your experience?  The list of reasons to exchange are endless, but further below you can see 10 common reasons we've identified.   


Now creating a marketplace isn't easy, specially in ticketing where the big boys have all the power.  Adding to the challenge is that this is a peer-to-peer marketplace.  So in order to create liquidity, we decided to fix the current secondary market to create liquidity for the new market we are creating.  So here is what "they" do, that we do better: (i) $5/ticket flat platform fee, regardless of ticket price.  We succeed the more transactions (liquidity) that happens, not the higher ticket prices go (and we will have a majority of the tickets you see on StubHub and other platforms the day we launch); (ii) you can see where your friends are sitting so you can buy tickets in the same section; (iii) you can see ratings, reviews, and mutual connections before you transact; and (iv) you can cost-share tickets with your friends.  


We've built the team and the platform to bring this to life, but we need fans like you to make it a reality! SeatXchange is a peer-to-peer marketplace so the more Xfans, the better it works and the better the experience for everyone.  In that light, we decided to crowdfunding the last small portion of our seed round to give other fans, like you, the opportunity to join us as Xfans and help reinvent the live-event experience.   


- Amir Amini CEO

Perks


All Investors (regardless of amount) -- receive 3 months (September 2, 2017-December 2, 2017) with no transaction fees* on the seatXchange app; whether you buy, sell, exchange or cost-share regardless of ticket price no transaction fees.

*Excludes Stripe card processing fee (3%)*


$500 — If you invest $500, you will receive seatXchange apparel and special promotions for users.


$1,000 — If you invest $1,000, in addition to the previous prizes, you will also receive a special mention on our website (www.seatXchange.com) thereby forever engraving your name in our company's history books.


$5,000 — If you invest $5,000, in addition to the previous prizes, you will also receive a VIP invite for you and a guest to our Red-Carpet Fan Appreciation Event where you can mingle with celebrities, see performances by Babyface and other surprise guests, and meet our team.

  

$10,000 — If you invest $10,000, in addition to the previous prizes, you will also receive private transportation to the Red Carpet Fan Appreciation Event as well as a special invite for you and a guest to our Exclusive Fan-Appreciation After Party with no more than 100 guests in attendance.  


INVESTMENT

Convertible Note l Minimum $250.00 (US)

Note converts to equity when the company raises at least $500,000.00 in a qualified equity financing.

Maturity Date: December 31, 2021

$5M valuation cap

20% discount rate 

0% yearly interest rate

THE FIRST TICKET MARKETPLACE BASED ON EFFICIENT MARKET THEORY

SeatXchange is designed by the fan for the fan.  We do everything the other ticket marketplaces do, but better! Plus, we offer a unique, first-of-its-kind, in venue, real-time seat exchange.

WHAT WE DO BETTER


  • No more broker fees: Do you think Amazon's stock would trade millions of shares a day if you had to pay 10-15% each time you bought or sold the stock?  Of course not.  It doesn't make sense as ticket prices go up, fees go up--its the same transaction!  We are $5/ticket platform fee regardless of ticket price!  We win when you win; not the higher ticket prices go. We are on your side.

  • See Ratings/Reviews/Mutual Connections of Sellers: Imagine if you see two tickets on a currently available marketplace, one for $200 and one for $220, right next to each other with same view, which one would you buy?  Obviously the cheaper one right?  Now imagine you see the same two tickets on our platform, and imagine for now the price was the same, although it would likely be cheaper on ours, but now you see the one at $200 has bad ratings, reviews, and no mutual connections, but the one at $220 has good ratings, reviews, and a couple mutual connections--which one do you buy? Do you want to get in or do you want your money back?  We guarantee your money back too, but if you're like me, you would not buy the $220.  Now maybe if it was $300 you wouldn't, but don't you think that information would be useful to have?  Now you can see Ratings/Reviews/Mutual Connections before you transact with someone.  

  • Find Friends and Buy Tickets in the Same Section: See which friends are going to an event, and where they are sitting, so you can buy tickets in the same section (unless privacy mode is enabled).

  • Cost-Share Tickets with your friends.

THE GAME-CHANGER | REASONS TO EXCHANGE

REAL-TIME, IN VENUE SEAT EXCHANGE

SEATXCHANGE VALUE TO USERS

  • Trust
  • Ease of Use
  • Low Fees
  • Availability
  • XCHANGE
  • Cost-Share

SEATXCHANGE VALUE TO VENUES

Provides venues a verification system for seating rights, new revenue channel(s), access to one-of-a-kind data, while helping fill empty seats by increasing ticket utility.

  • Verification System: Currently, once a ticket is scanned granting access to the venue the ticket’s barcode becomes inactive.  In other words, every fan inside a venue is holding an inactive ticket.  Imagine if I sold you a ticket in section 100, but before I sold it to you I made a copy of the same ticket.  Then you enter the event with the ticket you purchased from me and I enter with another crappy ticket in section 300.  After entry, I go to the seats I sold you and I claim the seats are mine and show the copy I made of your tickets.  Both of us have a copy of the same inactive barcode, whose seat is it?  In fact, I can show that I had the tickets before you.  Although this may not be a significant problem now, the problem does exist. We have filed two patents (pending) relating to verification of seating rights inside an event venue: (i) at-entry verification system; (ii) post entry peer-to-peer verification system.  This would effectively create a barcode for inside the venue.

  • New Revenue Channel: Venue partners will be offered revenue sharing in exchange for integration of the seatXchange verification technology (patent pending) with venue barcode scanners enabling a peer-to-peer primary marketplace for seating rights.

  • Fill Empty Seats: The better the secondary market works, the better the primary market works.  SeatXchange is a giant leap toward creating a more efficient marketplace by providing security, access, and transferability thereby increasing a ticket’s utility. 

SEATXCHANGE VALUE FOR ALL

SeatXchange's connected platform collects revolutionary real-time data that can create a win-win situation for all.  Current ticketing companies may know who buys a ticket, but they most likely don't know who is inside the venue.  

SeatXchange has data on who's inside, and what they are doing.  With this real-time data, the possibilities are endless.  For example:

  • SXC’ platform will collect one-of-a-kind, real-time data on fans transactions, preferences, and interests during events.

  • Artists can ask their fans to vote for their favorite song, see which sections vote for what, and in real-time make their performance more interactive to their audience.

  • Fans will be able to connect with their friends, each other, and performers to create an enhanced shared experience for all.

  • Venues will be able to better service their fans by offering them the services and products that will take their event experience to the next level.    

THE XFAN REVOLUTION IS HAPPENING NOW!

Since the idea for seatXchange was born (August 2016), it has been full stream ahead including a successful launch of our pre-registration campaign (June 7, 2017) which continues to pick up traction as we get closer to public launch in August 2017.  


SEATXCHANGE MILESTONES

  • Raised $850,000 (to date) in capital.

  • Pre-Registration Campaign launched June 7, 2017.

  • Filed two patents (pending) for in-venue verification of seating rights which would effectively create a barcode for inside venues. Currently there is no way to tell the difference between two copies of the same ticket once inside a venue.

  • Organized a diverse and experienced team of advisors collectively holding nearly 100 patents and two ticket market exits.  This includes 11-time Grammy Award Winner and co-founder of LaFace Records Kenny "Babyface" Edmonds.

  • Partnered with Forbes recognized development agency Appster to build seatXchange in both native iOS and native Android, with Appster taking a substantial portion of their payment in equity at the same terms offered here and to our investors.

  • Secured strategic exclusive licenses and partnerships (including exclusive license for a ticketing company to use the Newaer SDK which allows peer-to-peer connectivity even where there's no data or Wifi, such as some event venues.  (Read more at www.newaer.com).

Offering Summary

Maximum Investment $10,000.00

Minimum Investment $250.00


Company
SXC Live Inc. dba SEATXCHANGE
 

Corporate Address
11601 Wilshire Blvd. Suite 500, Los Angeles, CA 90025
 

Description of Business
A low flat-fee, secure, easy-to-use mobile marketplace where fans can connect, share, buy, sell, and exchange tickets in real-time. 
 

Type of Security Offered
Convertible Promissory Note
 
Purchase Price of Security Offered

 

Minimum Investment Amount (per investor) 
$250.00 (US)











Convertible Note l Minimum $250.00 (US)

Note converts to equity when the company raises $500,000 or more in a priced round.

Maturity Date: December 31, 2021

$5M valuation cap 

20% discount rate 

0% yearly interest rate

What is a Convertible Note?

A convertible note offers you the right to receive shares in SXC Live Inc. dba SEATXCHANGE. The number of shares you will receive in the future will be determined at the next equity round in which the Company issues capital equity in the Company to any venture capital, institutional or other investor(s) in an aggregate amount of at least $500,000.00.  The highest conversion price per share is set based on a $5M company valuation cap or if less then you will receive a 20% discount on the price the new investors are purchasing.  When the maturity date is reached and the note has not converted then you are entitled to receive your investment and interest back from the company.

Perks

$500 — If you invest $500, you will receive seatXchange apparel and special promotions for users.

$1,000 — If you invest $1,000, in addition to the previous prizes, you will also receive a special mention on our website (www.seatXchange.com) thereby forever engraving your name in our company's history books.

$5,000 — If you invest $5,000, in addition to the previous prizes, you will also receive a VIP invite for you and a guest to our Red-Carpet Fan Appreciation Event where you can mingle with celebrities, see performances by Babyface and other surprise guests, and meet our team.

$10,000 — If you invest $10,000, in addition to the previous prizes, you will also receive private transportation to the Red Carpet Fan Appreciation Event as well as a special invite for you and a guest to our Exclusive Fan-Appreciation After Party with no more than 100 guests in attendance.  

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$54,413.23 USD
$0.00 USD
Cash And Cash Equivalents
$46,413.23 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$25,000.00 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$154,847.27 USD
$0.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

There's only 2 days left!

over 1 year ago

HI Xfans!

Thank you all for your continued support.  For those of you that have invested, thank you, we Xfan Revolution starts in 2 days! For those of you that haven't invested yet, this is the last chance.  We hope that you join us on our journey to disrupt the ticketing industry and put the power back into the fans hands. 


Either way, whether you invest or not, we encourage you to download the app and give it a try.  It will be available on the App Store and Google Play on Saturday.  Not only does it come with all the features described in this campaign, but we have many of the tickets you see on the other ticketing platforms but at significantly cheaper prices -- many times 20-30% cheaper for the EXACT same tickets. So instead of overpaying for tickets, buy from us and you can save the money for food, drinks, or even better tickets.  

Below are two Price Comparisons for upcoming events so you get an idea:


Last chance to invest....

over 1 year ago


Hi Xfans,

Just one week left until launch which means you have one week left to jump on the bandwagon or miss this opportunity for good.

This weekend is our First Access Weekend where we begin the public rollout of the seatXchannge app starting today with access granted to a handful of weekly winners and culminating tomorrow with our First Access Event where we have a guest list of 80 influencers, ticket industry execs, media, and investors getting access to the app to test all the features including the in-venue seat exchange.

One thing we are noticing is that we have a majority of the exact same tickets you see on the other major platforms but at significantly lower prices (20-30 % lower)! Here is an example to prove my point - (I) first pic shows our price $60 with fees; (II) second pic shows SeatGeek price $71 with fees; and (iii) third pic shows Gametime price $79 and StubHub is even higher. This is the EXACT same ticket we have for significantly less.

   

Finally here is another look at some screenshots of the final app.

Notice of Funds Disbursement

over 1 year ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, SEATXCHANGE has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in SEATXCHANGE be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

On Your Mark, Get Set..... EXCHANGE --> September 2 --> Bonus: No Transaction Fees

over 1 year ago

Hi Xfans,

Today we start the 10 day countdown to the end of this campaign and our public launch on the App Store and Google Play. Whether you have invested already (thank you) or are looking to invest (thank you for your continued interest) or are just interested in the product (thank you as well we need every Xfan), here is an important update:

(1) We are hiring! On August 11, 2017 we added a new team member Anne Roberts who will be our new Marketing Coordinator. Anne has a broad experience in music having works with legends such as Babyface and Janet Jackson.  We are continuing to look for exceptional talent to join our team.

(2) Since putting up this campaign we have independently raised another $70k so the total raise independent of this campaign is now approximately $920k. 

(3) We have received lots of interest for additional investment which we have not taken because if we take it we would have to end this crowdfunding campaign and we did this to give our Xfans a chance to own a piece of the company.  At this point we would much rather have 400 people invest $250 each than 1 person invest $100k because then we have 400 Xfans to help push the word since the more people that use this the better it works. That said, we have plenty of cash in the bank and are moving forward more optimistic than ever about our launch and company prospects.

(4) Even if we were not to take any further investment and end this campaign right now we have raised $150k more than we intended to raise with this round.  The reason for the increase in the round was to have a little cushion but more importantly to build out the patent we filed since we have been getting some interest from venues/promoters/teams.  Originally our plan was to build the patent after we show that there is a market for a real-time exchange but given the early interest we have started building the patent now (both integrated into our platform and to white label to venues/promoters/teams).

(5) Once the crowdfunding campaign ends we have no intention of doing another round open to individual investors.  Given the number of marketing initiatives we are implementing (PR, radio, street team, digital marketing team, Omaze campaigns with various celebrities, soft launch parties, partnerships with various local hotspots, sponsor partners, ticket industry partners, etc etc), we have enough funds and momentum to make this work.  If it doesn't work, then its zero. If we do prove it out in Los Angeles, then we are first to market, patent pending, and the sky is the limit and we will raise another quick institutional round to scale.  Unlike most startups, we believe that we will know within the first 6-8 months if your/our investment is going to pay off.  I've invested my career/life plans and everything I have into this so we will do everything it takes to make it a success.

(6) Please remember anyone that invests, even only $250, will receive, 3 months (September 2, 2017 – December 2, 2017) with no transaction fees* on the seatXchange app; whether you buy, sell, exchange, or cost-share and regardless of ticket price no transaction fees. (*Excludes Stripe card processing fee (3%)).

(7) We intend to have New York and Las Vegas markets uploaded by the end of September for users to buy/sell tickets.  I will give you an example, this past weekend I had no intention of going to the Charger game (we were doing a street team outside). I was showing a tailgater the live seatXchange app.  We went on StubHub to do a price comparison.  StubHub had section 113 row W tickets for $120/each.  I went on our app and we had Section 113 row C for $81 each.  I purchased the tickets and went to the game.  

(8) Whether you invest, are thinking about it, or just love the idea -- please help us spread the word and download the app on September 2, 2017.  We have built the App to scale and can take any US city live and on the platform with events and ticket inventory within a couple days so if we see traction from places outside Los Angeles and we hear from enough Xfans to take a specific city live, we will.  

Thank you for your continued support. 3..2...1.... Exchange!

Don't miss your chance

over 1 year ago

Hi XFans!

 With just over 2 weeks left until we launch we are very excited to announce that through our marketing efforts and street team events we have received thousands of pre-registered users who are eagerly awaiting the launch of the app to download and become part of the XFan Revolution with us!

Our First Access Event and public launch are quickly approaching so if you are considering becoming part of the team we urge you to act now.  Our team has been successfully testing the product at live events and cannot wait to bring it to the public eye and give all of you the advantage of “choice” at live events and concerts.  If you invest and would like to be a part of our First Access Event for an early sneak peak please email us at contact@seatXchange.com and join the party!  Also, don’t forget the additional perks which have been announced and more to come from seatXchange. Follow us on all socials @seatXchange for all our updates and news!

 

Ramping Up for Launch + NEW PERK for ALL Investors

over 1 year ago

Hi Xfans,

We are just 17 days away from our First Access Event and 22 days (September 2) from public launch (Los Angeles)! This Saturday will mark the one year anniversary of when the idea was born, and what a year it has been. The level of enthusiasm is beyond our expectations.  We have pre-registered thousands of Xfans with great momentum heading into launch.  We have been approached with so many compelling strategic partnerships we can't even keep up.  Yesterday we hired another full time employee and will likely be adding more soon. 

As a token of appreciation for all those who have invested and will invest in seatXchange, and because the more of you that use the app the better it will work for everyone, we have decided to add a NEW PERK: All investors (regardless of amount), will get 3 months (September 2, 2017 – December 2, 2017) with no transaction fees* on the seatXchange app; whether you buy, sell, exchange, or cost-share and regardless of ticket price no transaction fees.

  • Excludes Stripe card processing fee (3%).

 



 We appreciate all of you who have followed up here and have helped get the word out.  

Beca

Happy Friday! We just crossed the minimum goal for this campaign!

over 1 year ago

Hi everyone,


Today is a great day! Other than being Friday, we just crossed our minimum threshold for this CF Campaign! Thank you to all those that have invested and will soon be new shareholders in our company and will be joining us on the ride to bring seatXchange to the masses. Have a great weekend. 


Amir Amini

Founder l President

Please let us know if you are having trouble investing

over 1 year ago

Hi everyone,

Thanks again for your interest in SEATXCHANGE.  We have had two people contact us today that have tried to invest but have not been able to close their investment due to a bug/glitch on Start Engine that prevented them from selecting a payment option.  Based on the campaign numbers, there are 78 people that have selected the "Invest Now" button so we are concerned that this issue may be bigger than these two people.  Please let us know ASAP if you have experienced the same problem so we can address the situation.  Thank you for your interest and support. 


Amir Amini

Founder l President

Thank you for joining the Xfan Revolution!

over 1 year ago

Hi everyone,

Thank you for your interest in seatXchange!

The reason we launched this equity crowdfunding campaign was two-fold:

  • give our soon-to-be-users, the fans, a chance to own a piece of the platform since the more people that use this the better it works; and
  • marketing -- to educate the market and therefore create liquidity so that the user experience created is the one we envision it to be.  With ads less is more so its hard to inform fans of all the benefits of seatXchange! That said, we know, if we can just get a fan's attention then they will realize the tremendous value! That is why we did this campaign!

If our goal was primarily to raise money, we would not have set a ceiling on how much each person can invest!

So with that said, We are happy to announce that in less than a week more than 1500 people have read our campaign and 46 of you have already selected invest now (although many of you have not closed your investment).  That is better engagement than we could have paid for with a simple online marketing campaign!

We hope that whether you invest or not, you keep us in mind and join us when we launch on September 2 (iOS and Android) because the more people that use this the better it works and the better everyone’s event experience!

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