St. Louis, Missouri (PressExposure) May 16, 2008 -- Hagos Mehreteab the Co-Founder and President of Yoonew.com recently joined Bryan Kress of Business on the Mound to talk about the world's first future's exchange for sporting event tickets. Yoonew.com allows sports fans to predict whether or not their team will make it to the big game. Fans can buy future tickets for their team to make it to the big game at a fraction of the cost. If their team makes it then the fan wins the ticket. Fantasy football meets Wall Street.
Gerry Wilson and Hagos Mehreteab decided to take on today's wildly inflated sports ticket prices after graduating from MIT business school (in fact, the idea was hatched in 2003, when Gerry, a former D-1 cornerback, couldn't afford Red Sox tickets).
So today, based on the idea of "ticket insurance," Yoonew gives fans a chance to see their teams in the biggest games of the season (Super Bowl, Final Four, NBA Finals, Stanley Cup, World Series, and now UEFA Euro Cup).
When they're not taking their staff go-karting or karaoking, Gerry and Hagos are cranking it every day to constantly refine their technology and their business model. It's a brilliant business with two creative and energetic founders