Ritesh Patel

Delighted to be finally able to post this piece from Forbes… “A Better Event Experience: @TheTicketFairy” 🤩🤩🤩 forbes.com/sites/maryjuet…

Ritesh Patel, co-founder and co-CEO of Ticket Fairy, is building at the intersection of AI, fintech, and live entertainment 🎟️ 🎧 Listen to the episode on the Tech Startup Network podcast here. techstartupnetwork.co/podcast/episod…

@LeadpoetAI Poet

Introducing Leadpoet. The AI agent that delivers ready-to-buy prospects on demand. Your next customer is already looking for your solution. Leadpoet finds them. Comment “Poet” and we’ll send you 100 free lead credits for your ICP.

@robj3d3 Try Mosaic. mosaic.so

How is there still not a good vibe video editing software??? If there is, please tell me.

This guy is using AI video to re-imagine an adult version of Sesame Street. I can't wait until we get the actual movie... (from beyond_the_imaginairy on IG)

Accidentally built a competitor to Gamma while making our new materials for Ticket Fairy! DM if you want to see the output. It's wild!

If you're in the Bay Area for the Super Bowl, Ticket Fairy is powering Gold Bar Distillery's 50 Cent show tonight. Come hang! ticketfairy.com/event/celebrat…

Thank you to @musicben_eth for including @TicketFairy in his music tech companies of 2026 article ✨

What happens after AI has taken all of our jobs? We rave, of course! I recently spoke with David Lee on the Boss Mode Podcast about IRL events in the post-employment economy! Check it out here: youtu.be/fIbSIvY8rdo

@MartinGTobias Will do. It gave an 85% match with you as well!

@ritlocus No I don’t. No time ! Let me know if any turn into money.

Ok now over 400 founders have found investors in last 24 hours. And crashed my servers. Keep it coming!

@PeterJ_Walker Agreed

It pains me to say it, but we must acknowledge that the United app is about 3-6 years ahead of all other airline mobile apps. Just pantsing the competition.

Sure thing. You asked for a post explaining the nuance so here you go! I'm sorry for the length; you'll see that at the end it all ties back to funding health insurance for your constituents… As you know, companies can be private or public. Holders of public company stock can trade in liquid, public markets after the lock-up period expires. Let's ONLY focus on startups that are private because this is an absolutely critical policy point. It's very easy to accidentally kill the goose (Silicon Valley) that lays the golden eggs (startups that get big and create tax revenue for California). From your reply, I think you are assuming that the situation where a private company founder has "truly illiquid" stock is an exception. This is not the case. Example: a private company raises a new round at a multi-billion dollar valuation! Everyone is excited! This thing might actually work! Some shareholders like the founders (and potentially early employees) might now need to pay the wealth tax, but they can’t pay a tax in company stock. Assuming a typical situation where the founder’s net worth is entirely tied to their company, they will need to sell more than the $$ amount levied by the wealth tax because they need to first pay capital gains. In other words, they face a double tax event. Now let's fast forward a single year. Unfortunately things haven’t gone according to plan (either due to macro events or other factors) and the company can’t raise an up-round or even execute a tender offer at the same valuation again. There isn't any secondary demand at the last round price; there are simply no buyers. Now the founders need to pay the 1-2% wealth tax again. But all their “wealth” is “paper money” from the company stock they hold at the last valuation. What can they do? Three options come to mind. LMK if I’m missing something. (1) Since the founders can’t sell stock at the last round valuation, they could reduce the valuation of the company through a down round. This risks key team members leaving. It also might be harder to recruit new key talent. And this is assuming there's an investor willing to do a down round, which is not always the case. This is also ethically complicated… if the founders choose this option purely due to a personal tax situation, they might be prioritizing their needs above the needs of their team. (2) The founders could take out a big loan to pay a tax bill that might not even be accurate. This is very risky. Even if the company executes perfectly, the macro environment might falter and the founders might never be able to repay the loan. The founders are potentially risking personal bankruptcy. (3) If it's a California wealth tax... then the founders could just leave California. This is not a contrived situation. Most startups don't work out. Almost all private startups have ups and downs... even in the “growth” stage with "billions" in market cap. And the oscillations of these ups and downs are happening faster and faster these days for many private companies. The best startup founders plan ahead and feel responsibility for their employees. If they think staying in California is a risk to their business, their employees, their families... then they will simply leave for somewhere else. Silicon Valley startups (ironically) follow the herd. Once enough respected companies / founders establish a pattern, other startups will follow, even if the wealth tax does not apply to them yet. (Every startup founder believes their company will be the next big thing.) So, in summary, if there's a California wealth tax that applies to the founders of private companies: 1. There are many situations where the founders of private companies will not be able to pay it and will be forced to consider leaving California. 2. Smart founders thinking ahead will mitigate this risk by leaving California before the situation applies. 3. The herd will follow the best and brightest founders / companies. 4. California will lose the next generation of big, important, job / tax generating companies. 5. This will lead to less tax revenue, less state healthcare funding, less education funding, etc. I hope this post helped explain why it's a bad idea to try and implement a California based wealth tax that targets the unrealized gains of private company stock. This is just ONE aspect of why a California wealth tax is bad policy. Happy to discuss further…

@nick_farina @pitdesi I’ve always used mine for international upgrades!

@ritlocus @pitdesi PP domestic is arguably more frustrating than helpful, because you’re always #1 or #2 for 0 seats available. But yeah, internationally, they rule.

guy next to me on a flight yesterday was doing 6 international flights in coach to get to 1K on United SIN-NRT-SFO-IAH-LAX-SYD I don't really get mileage runs in the dollar weighted era

@nick_farina @pitdesi 1K is totally worth it for the 240 PlusPoints and upgrade priority

@pitdesi @ritlocus 1K isn’t worth that kind of pain. With UA there are two levels of status that matter: - Gold for regular folks (every key benefit you need) - GS for rich folks or if you do a lot of paid J international for work “Mileage” running for any other status level makes no sense.

@whizkidd Surely a better sight would be that slums don’t exist/need to exist at all, because people don’t need to live in poverty? Celebrating that you can’t see them is horribly insensitive.

Landing in Mumbai, without having to witness the slums is a welcome sight. The first landing of Indigo's Ahmedabad Navi Mumbai flight.

youtu.be/nhXrZ-mhlp0?si… @jljmedia1 @ritlocus @LOCUS

@MartinGTobias Submitted recently. Keen to hear your thoughts!

@ritlocus Tell me more about. bit.ly/pitchIV

Dear algo, please show this tweet only to stealth founders building B2B software solving a problem they have been thinking about for a long time.

@MartinGTobias This is exactly what we do!

As I have been saying…

Ticket Fairy expands venue and event financing capabilities to £5m in UK musicweek.com/live/read/tick…