• Ticket Scalpers Seatwave Take $25 Million Series C

    European ticket resellers Seatwave have taken $25 million Series C in a round led by Fidelity Ventures that included Atlas Venture, Mangrove Capital Partners and Adinvest. Total funding for Seatwave to date is $36 million. London based Seatwave, like StubHub (acquired by eBay for $310 million) and TicketsNow (acquired by Ticketmaster for $265 million) resells tickets to major events. The… Read More

  • Event Tickets Are Big Business: European Startup Invades U.S.

    London-based Viagogo, an online marketplace for event tickets, is invading the U.S. market. It’s a European version of StubHub, which sold to eBay for $307 million back in January. The site was founded by Eric Baker, one of StubHub’s founders, and launched in 2005 after a falling out with the company. Baker is now returning to the US market to take on StubHub, with a fresh $30… Read More

  • MLB Signs StubHub To Sell Secondary Tickets

    Major League Baseball and StubHub are now holding hands, according to a Reuters report. StubHub will supply ticket reselling services to 30 MLB-run team websites, taking a chunk out of the $25 million online baseball ticket marketplace. Individual franchises that operate independently of are free to use ticket resellers of their choosing, as are fans reselling tickets. All tickets… Read More

  • It's Official – eBay is Buying StubHub For $310 million

    Update: Press release is here. It is surprisingly brief, reinforcing the rumor that eBay hastily accelerated the announcement due to the rumors. It looks like the rumors forced eBay’s hand and they are announcing the deal earlier than expected – they are acquiring San Francisco-based StubHub for $285 million plus the cash on StubHub’s books, which is about $25 million. The… Read More

  • eBay's Place in the Dirty World of Ticket Scalping

    Update: eBay’s acquisition of StubHub has just been announced. The secondary market for event tickets is a dirty but lucrative place to be. I have first hand knowledge from my time as COO of RazorGator, a Kleiner-backed ticket marketplace based in Los Angeles. There’s a food chain, starting with the guys that hang out at stadiums before games and concerts scalping tickets, up… Read More