Drag Illustrated Issue 145, June 2019 | Page 82

KYLE SEIPEL SEIPEL AND BIONDO LAUNCHED THE FIRST K&N SPRING FLING AT BRISTOL DRAGWAY IN 2010 AS A TRIO OF $20,000-TO-WIN BRACKET RACES. TEN YEARS LATER, THE DUO HOLDS THREE EVENTS AT TRACKS FROM COAST TO COAST WITH WINNERS TAKING HOME HUNDREDS OF THOUSANDS OF DOLLARS. be billed $500 on the spot and two payments of $500 every other month with the final $350 paid at the gate, or you could be billed $250 on the spot and get six payments every month. We fine-tuned that and we were very worried that something would go amiss on that because we had never tried that before. Anyways, a couple minutes before we went live we had a ton of people on the site, so we were very excited. Right at noon Eastern, the orders start going. Within the first 30 seconds we had 90 entries. We refreshed again and had 140. As soon as you could refresh it was skyrocketing. We had an issue with the site where it took too many entries. We wanted a 385-entry cap. Well, the web guy mistakenly set it up to allow 385 entries per payment plan method, not 385 entries combined. Once we got to that number, instead of it shutting down the site like it was supposed to, it kept allowing more and more orders. How did you fix that issue? We sat here for hours trying to figure out what to do. Do we allow all these entries to race and do we pay out like a million dollars? But we spent a year and a half on this business model and we really thought the model we came up with was truly the best model, so we decided to only allow racers to have one single entry, which is what they used to do like at Moroso. None of our competition could do this, but we were in a great position where we could. We had to call up about 80-100 racers and say, “Listen, I’m sorry for the problem, but you’re only going to be able to race one car. Would you still want to race in our event?” Every single one of those racers decided, “Yep, it’s a very prestigious event. I’ll be fine with just doing one car.” We’re still higher than where we want to be, around 450 entries. But we’re still doing the payment plans and we don’t know how much attrition is going to happen. What’s preventing you from raising the advertised win- ner’s payout? If we would have kept all the entries we had on the original oversell, we surely could have advertised a higher winner’s payout. But after taking out double entries, we will be down to a manageable car count and it’s too early to tell exactly where we will end up on race day. Peter and I have always been more on the side of under-promising and over-delivering. With that said, if we end up 50- plus entries higher than we originally anticipated, and the event goes as planned, we could very well surprise the racers and add to the purse. You and I spoke in 2016 for a DRAG ILLUSTRATED round- table story about the state of bracket racing and one of the topics was the way big-money bracket races were popping up left and right. That trend has continued to the point where bracket racers around the country can race for large sums of money at least once a month, if not every couple weeks. But even with that increase in competition, the Fling races have continued to do very well in terms of racer participation and manufacturer support. How do you and Peter continue to raise the bar in what’s become a crowded market? After each race, Peter has a whole sheet of notes – and I do also, but he’s the ramrod behind this – and we’ll go over those notes after the event. Like when we drove home for eight hours after GA- LOT, we talked about everything that went well, but most importantly, how things can improve. From the racers’ perspective, I think if you talk to them, they’ll say it was a very smooth event, but internally, we know there’s a lot of things we can improve upon. That being said, we spent an eight-and-a-half-hour ride home going over everything Peter made notes on so we could make the races smoother internally, which in turn makes the event look even better externally. Using that analysis, that’s what we’ve done for all three events. We try to make them better all the time. For the racers, we increase payouts when we feel that we can and we try to get more and more racer appreciation giveaways. At our events we always have at least $50,000 in give- aways. I think the most important thing is we’re always fine-tuning our business model at each event to where we try to make them the best we can. From the racer’s perspective they might think we can’t make this any better, but internally we know that we can and I think that’s what sepa- rates us from the pack. We pretty much spend nine or 10 months a year working on three events, whereas most of our competitors put on, let’s say, eight, 10, 12 events. We’re staying at the very small number and trying to fine-tune those the best we can so we give the racers the best experience possible. I think that’s pretty much the separation. We probably have enough demand to go to five or six events, but we’re keeping it at three for the time being so we can still fine-tune each one and make them the best events possible. Do you think you and Peter will ever add another race? I could see us possibly going to a fourth event in two or three years. I think we have enough demand. Peter and I both have fairly young kids. I have a 13-year-old and a 5-year-old. He has a 2-year-old and a 4-year-old. We want to go to more events, but for the time being we want to focus on fam- ily life. I sense going to another event in two or three years. Finally, where do you see your personal racing endeavors going from here? You’ve won a total of 22 NHRA Division 7 championships, as well as NHRA national events in five different classes. What’s next on your radar? Well, my personal racing, quite honestly, I see that slowing down. This whole ordeal I’ve been through puts things into perspective. When I’m gone racing, my wife runs the show by herself while my daughter and son are playing competi- tive soccer, swimming or playing baseball. I want to enjoy those times more with them. With what I’ve been through, I’ve pretty much made the decision that I’m still going to race here and there, but I think I’m going to pull back a little on that and focus more on the Sonoma races, the Flings and focus a little more on family vacations and that sort of thing. DI DI DI DI DI DI DI 82 | D r a g I l l u s t r a t e d | DragIllustrated.com DI DI DI Issue 145