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E19: Luke Massie – I Have Nothing To Hide

E19: Luke Massie – I Have Nothing To Hide

June 11, 2018

1hr 15m

Episode Ranking: 19/100

TOPICS: Entrepreneurship Mental Health Resilience

Episode Description

Luke Massie Interview Vibe Tickets & Bankruptcy Luke Massie explains why his business went bankrupt and the backlash he faced after buying it back.

Ideabrix Summary

The 'E19: Luke Massie - I Have Nothing To Hide' episode of 'The Diary Of A CEO with Steven Bartlett' podcast features a candid conversation between Steven Bartlett and Luke Massie, the founder of Vibe Tickets. The episode delves into Massie's background, his journey as an entrepreneur, and the recent challenges he faced with his company. Massie recounts his upbringing in Preston, growing up in a council estate, and starting his first business at 17, which he later sold for £94,000. His entrepreneurial spirit was fueled by necessity, as he had to find ways to make money from a young age due to his family's financial situation.

Massie's narrative continues as he describes the inception of Vibe Tickets, which was born out of a personal frustration with the ticket resale market. He leveraged Twitter to connect ticket buyers and sellers, which eventually led to the creation of a community and platform that challenged the traditional ticketing industry. Despite early success, Massie faced significant hurdles, including restrictive shareholder agreements that ultimately led to the company going into administration. However, he managed to buy back the business, aiming to right the ship and continue his mission.

The discussion also touches on the impact of personal branding and public perception. Massie shares the emotional toll of negative media coverage following Vibe Tickets' administration and his subsequent acquisition of the company. He emphasizes the importance of staying true to one's values and vision, regardless of external pressures or misconceptions.

Throughout the episode, themes of resilience, integrity, and the harsh realities of entrepreneurship are explored. Massie and Bartlett engage in a broader conversation about the motivations behind entrepreneurship, the pursuit of stability versus risk-taking, and the importance of mental health and personal well-being in the high-stress environment of leading a startup.

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