AI-powered Venue Finder

Rebalancing a two sided EventTech marketplace.
Guests Events (Demand) <—> Venue Hosts (Supply)

Rebalancing a two-sided EventTech marketplace

Guests Events (Demand) <—> Venue Hosts (Supply)

TL;DR

Problem:

HeadBox’s core marketplace model was optimised for event brief volume (demand side), not bookings. This resulted in unqualified guest briefs entering the system, paying users (supply side) being frustrated due to proactively reaching out to low-intent guests, therefore churning (LeadFeed Churn was 55%).

Solution:

Optimized the demand-side brief journey to rebalance marketplace dynamics via an AI-powered processing and recommendations engine. By delivering hyper-relevant venue matches, we increased guest conversion while establishing a 'Spotlight Partner' monetisation model through algorithmic boosting.

Impact:

+33%

Increase in high intent enquiries

+33%

Increase in high intent enquiries

+33%

Increase in high intent enquiries

+5%

Uptick in matketplace match rate

+5%

Uptick in matketplace match rate

+5%

Uptick in matketplace match rate

-28%

Reduction in Subs churn (Q1)

-28%

Reduction in Subs churn (Q1)

-28%

Reduction in Subs churn (Q1)

40%

Shorter user journey

40%

Shorter user journey

40%

Shorter user journey

New

Sponsored venue placement revenue

New

Sponsored venue placement revenue

New

Sponsored venue placement revenue

My Role:

Sole designer and product person at a marketplace startup with a team of 4 engineers.

Responsibilities included: User research, Product strategy, Experiment design, Iterative adaptation, UI & UX, Stakeholder alignment, Cross-functional collaboration, System thinking.

My Role:

Sole designer and product person at a marketplace startup with a team of 4 engineers.

Responsibilities included: User research, Product strategy, Experiment design, Iterative adaptation, UI & UX, Stakeholder alignment, Cross-functional collaboration, System thinking.

Stakeholders:

CEO, CTO, Head of Marketing, Head of Venue Sales

Timescale:

2 Months end-to-end , 2 week experiment cycles

The Systemic problem

The legacy model rewarded volume over intent: low-qualification briefs were broadcast widely, favouring speed over relevance and overwhelming hosts with poor-fit leads.

27+ messages were often needed to close a booking, while marketing optimised for submissions inflated volumes without improving marketplace efficiency.

The Users Mental Model

The Users Mental Model

No guest research had been conducted in 4+ years, so I recruited and interviewed 10 event bookers (5 corporate, 5 personal).


Insight: Every brief had a non-negotiable “secret ingredient.” If a venue lacked it, it was instantly rejected.

“…some of the venues messaging me were clearly not fit for what I needed. It felt like they hadn’t read my brief, and I the venues who messaged me did not meet what I wanted... I didn’t book the event via HeadBox"



~ Tracy, corporate booker

Hypothesis

Capturing guest intent earlier and encouraging venue shortlists before submission reduces low-quality briefs, improving host ROI and marketplace health.

Lifecycle of an event brief

Lifecycle of an event brief

Venue Finder connects guests to relevant venues through AI-powered matching, parsing requirements via LLMs and ranking results from vectorised inventory before guests compare quotes and book.

Legacy Brief Builder - Experiment control

Legacy Brief Builder - Experiment control

13 step process, gathering requirements from preset options - 83% drop off rate

Venue Finder V1 - Experiment - Disruptive (Failed)

Venue Finder V1 - Experiment - Disruptive (Failed)

13 step process, gathering requirements from preset options - 83% drop off rate

Results:

-40%

LeadFeed volume

-40%

LeadFeed volume

-40%

LeadFeed volume

38%

Drop off at AI input screen

38%

Drop off at AI input screen

38%

Drop off at AI input screen

27%

Drop off at account creation

27%

Drop off at account creation

27%

Drop off at account creation

+26%

Increase in direct enquiries

+26%

Increase in direct enquiries

+26%

Increase in direct enquiries

2.2 Venues

Chosen by guests per brief on average

2.2 Venues

Chosen by guests per brief on average

2.2 Venues

Chosen by guests per brief on average

We introduced:

  • AI-guided prompt to articulate intent-

  • Recommended venues before submission

  • Gated account creation

  • Choices - guests can choose more than 1 venue to get quotes from

What didn’t work in V1

  • Recommendation engine ran in the background, causing slow load times for some users.

  • Open free-text input created high cognitive load and the largest drop-off.

  • Users weren’t ready to create accounts at that stage of intent.

  • Showing venues before sign-up encouraged scraping and low-intent exits.


Outcome
Friction was misaligned with user intent, suppressing brief volume below viable marketplace levels.


What did work in V1

Users who completed the flow showed strong intent: 62% shortlisted venues (2.2 average), with selections skewing toward paying hosts.

Structured inputs improved requirement clarity and recommendation quality, but the step drove significant drop-off and was removed in V2 to prioritise scalable volume.

Venue Finder V2 - Experiment - Moderate (Success)

Venue Finder V2 - Experiment - Moderate (Success)

13 step process, gathering requirements from preset options - 83% drop off rate

Results:

+33%

Increase in high intent enquiries

+33%

Increase in high intent enquiries

+33%

Increase in high intent enquiries

+5%

Uptick in matketplace match rate

+5%

Uptick in matketplace match rate

+5%

Uptick in matketplace match rate

-28%

Reduction in Subs churn (Q1)

-28%

Reduction in Subs churn (Q1)

-28%

Reduction in Subs churn (Q1)

40%

Shorter user journey

40%

Shorter user journey

40%

Shorter user journey

New

Sponsored venue placement revenue

New

Sponsored venue placement revenue

New

Sponsored venue placement revenue

Learnings & Iterations

  • Made the prompt optional to reduce friction.

  • Reintroduced soft account creation via magic link.

  • Gated venue recommendations behind soft sign-up to prevent scraping.

  • Optimised recommendation engine load times.

Outcomes & Tradeoffs

  • 40% of users skipped the prompt.

  • Removing account creation increased brief completion.

  • LeadFeed remains a fallback for locations with limited inventory.

  • Venue Finder saw a 5% drop in submissions vs. the legacy brief builder, but was retained in high-inventory regions with more paying suppliers.

Edge case handling:
High-value briefs outside active inventory regions are triaged to a human account manager, ensuring premium demand is retained and serviced beyond platform constraints.

Reflections

Reflections

Challenges

  • Strong executive attachment to legacy Lead Feed

  • Marketing KPIs tied to submission volume

  • Technical constraints in recommendation quality

My approach:

  • Reframed debate around marketplace economics

  • Made trade-offs explicit

  • Used experimentation over opinion

  • Used disruption as learning, and identifying the points of friction to inform iteration

What's next?

  • Improve ranking via live conversion-weighted signals

  • Introduce shortlist-first flow for repeat users

  • Deploy agent-assisted city launch mode

  • Further decouple marketing volume from marketplace health metrics

Want to work together? ashni.dave111@gmail.com

Resume

Want to work together?

ashni.dave111@gmail.com

Resume