founders viktoras jucikas and rytis vitkauskas headquarters london united kingdom website https yplanapp.com yplan is a mobile first event discovery and booking service which was co founded by viktoras jucikas and rytis vitkauskas in london united kingdom in 2012 . users are presented with a curated list of things to do including last minute events which can be booked direct on the app or via the website . in 2015 the next web named yplan the uk s fasted growing tech company . 1 in 2013 the london evening standard reported that stephen fry was a fan of the app . contents 1 background 2 mechanics 3 funding 4 recognition 5 references background edit viktoras jucikas and rytis vitkauskas co founded yplan in 2012 . 2 vitkauskas is co founder and ceo . previously he was vice president at summit partners and responsible for software and technology investments from 2008 until 2011 . 3 he started his first business aged 14 a computer assembly repair and network maintenance company in lithuania . he went on to jacobs university bremen germany where he met fellow co founder viktoras on a basketball court in 2003 . rytis went on to receive his mba with distinction from harvard business school . 3 jucikas cto was previously an executive director with goldman sachs . he graduated from jacobs university bremen with an msc in computational sciences and kaunas university of technology with a bsc in computer science . he has won seedhack fintech 12 was quarter finalist of google code jam 04 and semi finalist of acm icpc 02 . 4 yplan provides london and its other cities with a curated list of events . in the first months of the app s launch it presented events on the same day the next day and the coming weekend . as the company grew so did the selection of events . now there are hundreds of things to do that can be booked from a few hours time away to months in advance . it is the element of curation highlighting different events for each user that makes yplan different from comparable event apps . 5 the example used in the new york times stated that the events often vary in culture and geographical distance across the city with events located in paddington in west london to shoreditch in east london . this limited choice was integral to how the events are showcased . yplan has full coverage and a large range but highlights the very best up front . jucikas stated from research carried out by the company and others that the absence of too much choice makes the consumer buy more rather than less . if you have 100 events you would be less likely to go to one because you would be overwhelmed by choice . 5 events are selected by hand and advanced personalisation algorithms . things like facebook likes and the users location browsing behaviour tag selection and the browsing behaviour of their friends affect which events are highlighted . at the time of jucikas interview with the new york times he stated the company had no real competitors as larger ticketing companies such as ticketmaster would not have interest in such a small niche . 5 the market size according to various researchers would be hard to measure but jucikas stated that only 2 % of london events were ever sold out meaning they potentially had a large market to work in . according to the london standard there are around 600 million worth of unsold theatre seats each year . 2 in april 2013 business insider listed yplan on their list of london startups to watch . 6 around the same time yplan appeared in 1st place on a similar list published by mashable . 1 the new york yplan launch party took place on september 19 2013 in new york city . pharrell williams performed and guests included david schwimmer stephen dorff kelly rutherford emily ratajkowski and adrienne bailon . 7 a year after launch it was stated that the company had reached over 500 000 users . 8 by the end of 2014 the app had more than 1 million downloads . 9 mechanics edit users of yplan can login each day and are given a selection of plays concerts pop up restaurants and other events . events can then be purchased through the app or on the website with users also given the opportunity to share their purchase via social media . 5 during a new york times interview it was stated that when the app moved into a new city the company must focus on signing venues and partners in order to ensure that users come back to the app after initial registration . 5 initially the yplan app was only available on apple s ios but was later released on android and kindle . 2 funding edit early investors in the app included wellington partners octopus ventures brent hoberman the founder of lastminute.com and peter reid the founder of songkick . 10 the company s first major investment in a series a funding deal came in 2013 and was worth 12 million . 11 the round was led by general catalyst partners the venture capital group behind airbnb . other key backers include ashton kutcher s a grade investments and baltcap . the funding was part of a major expansion to provide the app in new york . 12 it was at this stage that sean moriarty former ceo of ticketmaster joined the board of directors . in 2014 the app received funding of 24 million 16 million according to techcrunch . this brought the total funding of yplan to just under 38 million . 12 it was stated that the financing deal will allow the company to expand into other cities . 13 recognition edit tech5 uk s fastest growing tech startup 2015 14 the sunday times tech track 100 ones to watch 2014 15 wired europe s 100 hottest start ups 2014 2014 16 forbes hottest global start up of 2013 2013 17 evening standard power list tech stars rytis vitkauskas 2013 18 evening standard silicon 60 rytis vitkauskas 2013 19 the hospital club 100 list 2013 20 startups awards business of the year 2013 21 startups awards mobile business of the year 2013 21 tech city news elevator pitch awards fastest growing startup 2013 22 appsters awards best entertainment app 2013 23 references edit a b fankhauser dani may 22 2013 . 20 hot london startups you need to watch . mashable . a b c butter susannah . spontaneity app yplan makes planning ahead so pass . london standard . a b ashton james march 10 2015 . rytis vitkauskas interview we sat there one night thinking let s go out and do something fun the start of yplan . independent . yplan raises 12m from general catalyst and a grade . tech citynews . a b c d e rooney ben november 27 2012 . yplan offers last minute london nights out . wall street journal . shontell alyson april 24 2013 . 13 hot london startups you need to watch . business insider . pharrell takes the stage at yplan party . vibe . curtis sophie 26 november 2013 . yplan reaches 500 000 users one year after launch . the daily telegraph . yplan receives 24m in series b funding . finsmes . november 25 2014 . london events iphone app yplan gets investment from spotify and hailo backers . growth business . 27 november 2012 . lomas natasha june 4 2013 . with 12m burning a hole in its pocket london s yplan wants new york to be more socially spontaneous . techcrunch . a b shontell alyson june 4 2013 . tech more yplan startups london london startup yplan gets 12 million to start telling new yorkers where to party yplan startups london london startup yplan gets 12 million to start telling new yorkers where to party check url value help . business insider . temperton james 25 november 2014 . yplan grabs 15.3 m in funding will expand to more cities . wired magazine . connolly amanda . tech5 uk yplan named the uk s fastest growing tech startup . the next web . 2014 the sunday times tech track ones to watch yplan . fast track . europe s hottest startups 2014 london . wired magazine . the hottest global startups of 2013 . forbes . the power 1000 london s most influential people 2013 tech stars . evening standard . september 19 2013 . evening standard silicon 60 rytis vitkauskas . evening standard . the hospital club 100 list 2013 . the guardian . a b tonight s going out app yplan triumphs at 2013 startups awards . startups . london s hottest startups revealed at the elevator pitch awards . tech city news . best entertainment app . appsters . retrieved from https en.wikipedia.org w index.php title yplan & oldid 744149746 categories online companiescompanies established in 2012hidden categories pages with url errors navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 13 october 2016 at 12 09 . text is available 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