J. Michael Cline, the co-founder of Fandango and a number of different startups over his multi-decade profession, died after falling from a Manhattan lodge, New York’s Deputy Commissioner of Public Information tells TechCrunch.
The New York Police Department responded to 911 calls from the Kimberly Hotel, a 30-story lodge on 50th avenue in midtown Manhattan on Tuesday morning. Upon arrival, “officers found an unconscious and unresponsive male with injuries indicative of a fall from an elevated position,” the Deputy Commissioner mentioned in a press release emailed to TechCrunch. Cline fell from the 20th story of the lodge, in line with The New York Times. Emergency medical providers responded and pronounced the person useless shortly after arrival, and an investigation stays ongoing. Police later recognized the person as James Michael Cline, 64-year-old resident of Palm Beach, Florida.
Cline co-founded Fandango, the favored on-line ticketing firm that revolutionized how Americans bought film tickets, alongside his chief working officer Art Levitt in 1999, in line with his LinkedIn web page.
After a decade-long battle with MovieTickets.com throughout the 2000s, Fandango emerged because the winner of the net film ticketing area. Cline pioneered a digital empire by promoting film tickets on-line, charging processing charges and promoting on-line advertisements to show a revenue. Fandango eliminated the necessity for individuals to attend in lengthy strains at field workplaces, and paved the best way for the $37 billion on-line ticketing business.
He left the corporate in 2011, roughly 4 years after the corporate was acquired by Comcast. Some early traders within the on-line ticketing service have been General Atlantic and TCV.
Cline was additionally managing accomplice of Accretive, a enterprise capital agency he based in 1999. He constructed startups all through his profession, together with R1 RCM, Accumen, Accolade, Everspring, Dresr and Insureon. Starting in 2018, Cline served as the manager chairman on the enterprise agency Juxtapose, which invests in know-how companies. During his time there, Cline loved investing in healthcare corporations, in line with his employees web page. Some of Juxtapose’s portfolio corporations embrace Tend, Nectar and Great Jones.
Accretive, Juxtapose and Fandango didn’t instantly reply to TechCrunch’s request for remark.
