PRESS RELEASE: “SCOREBIG HONORED BY FORBES AS ONE OF ‘AMERICA’S MOST PROMISING COMPANIES'”
LOS ANGELES (ScoreBig) December 1, 2011 — ScoreBig (www.scorebig.com), a new members-only site offering guaranteed savings of up to 60% and no fees on tickets for sports, concert and theater events, has been selected by Forbes as one of “America’s Most Promising Companies” for the magazine’s prestigious list. The announcement was made today after an intensive national search. Forbes’ list of America’s Most Promising Companies features 100 privately held up-and-comers with compelling business models, strong management teams and investment capital.
“It is an honor to be recognized by such an influential publication,” said Adam Kanner, ScoreBig CEO. “This helps validate what we are working towards as a company – to help consumers affordably attend more live events and to help the live entertainment industry fill seats that would otherwise go unsold.”
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company’s health. Forbes married Mosaic’s data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects.
“Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there’s a dearth of public data,” says Forbes Executive Editor Brett Nelson. “We took a more comprehensive approach to evaluate their health and potential.”
The full “America’s Most Promising Companies” list is available online at Forbes.com and will be featured in the December 19th edition of Forbes Magazine.
ScoreBig is the newest place on the web to get great tickets for live sports, concert and theater events – at guaranteed savings of up to 60%. ScoreBig members pick their own price on seats from the floor to the rafters and never pay any fees. For its partners, ScoreBig is an entirely new “value channel” that creates a safe environment to move unsold ticket inventory in a way that doesn’t negatively impact their brand or cannibalize full-price sales. ScoreBig was founded in 2009 and is headquartered in Los Angeles.