Bandtastic was a Mexico City startup that tried to make concerts by lesser-known bands less risky: fans voted on proposed shows and bought tickets in advance, and a concert went ahead only if enough people committed. VentureBeat reported on the company on September 4, 2012; its account does not establish whether Bandtastic operates today.
How did Bandtastic’s concert crowdfunding model work?
Bandtastic proposed concerts and asked fans to vote on them through Facebook. It estimated the event’s full cost, then relied on advance ticket purchases to determine whether the show could proceed. In VentureBeat’s 2012 description, a proposal needed enough buyers to meet its threshold; otherwise, “customers’ money is returned and the concert doesn’t happen.”
The arrangement was intended to connect fan demand with the practical commitments involved in booking a show. Evidence of interest and paid tickets could give a venue more confidence about attendance, while helping ensure that bands were paid and fans had access to a concert they wanted.
How did Bandtastic make money?
Promoting concerts
Bandtastic curated proposals and also took on promoter duties. VentureBeat reported that the company charged a 10% cut when it acted as promoter. The article says the company called this role a “necessary evil,” without attributing the phrase to a named executive.
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Producing concerts itself
The company could also produce shows rather than limit itself to promotion. It said that taking on production could quadruple its revenue share, particularly when alcoholic beverages were served. These figures and claims were reported in 2012 and were not independently audited, so they describe Bandtastic’s reported business model rather than an industry benchmark.
What else did the service offer?
VentureBeat said Bandtastic accepted credit cards and PayPal. It also reported optional event-related extras, including commemorative posters, pre-show soundcheck passes, and meals with bands. Those details describe the historical service; they do not establish that any tickets or extras are available now.
What had Bandtastic achieved by 2012?
VentureBeat reported that Bandtastic funded its first concert in March 2012 and said the company claimed to have booked 10 concerts by the time the article appeared. The report also described a team with music-industry and concert-promotion experience, support from Movistar, and Mexico City shows it characterized as successful. It said Bandtastic planned to expand to Guadalajara and had recently won The Next Web Mexico’s Startup of the Year award. These are details from the 2012 report, not confirmation of later growth or current operations.
How was Bandtastic different from Kickstarter?
VentureBeat contrasted Bandtastic with Kickstarter, but its article does not provide a full account of Kickstarter’s terms. The distinction it emphasizes is Bandtastic’s more direct role in concert curation and execution: it did not merely collect support for an idea, but could also promote or produce the event. Its reported threshold model also tied a concert proposal to paid ticket demand, with refunds if the threshold was missed.
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That combination shaped the business opportunity: ticket commitments could help validate demand before a concert took place, while promotion, production, and event sales offered additional ways for the company to earn revenue. The report does not establish how these practices compared with every crowdfunding platform or concert promoter.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Did Bandtastic expand beyond Mexico City, and is it active today?
The 2012 report said Bandtastic planned to expand to Guadalajara. It does not establish whether that expansion happened, whether the company remains in operation, or whether its ticketing service or website is active. The company is best understood here as a historical example of a startup testing a demand-led approach to concert promotion, not as a currently verified ticketing option.
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