Sold-out tickets vendor, RazorGator, gets $26M
Kleiner Perkins, one of the Silicon Valley’s better known firms, has co-led an investment in Beverly Hills ticket company RazorGator (we write rarely about non-Silicon Valley companies, about as rare, in fact, as Kleiner Perkins’ investments outside the valley).
Gee, we’re thinking, that’s a lot of money for an online sold-out ticket vendor. We can’t imagine the technology is all that deep. So looks like the $26 million will be spent on aggressive marketing. There is competition, from StubHub Inc, eBay and Craigslist, notes VentureWire (sub req). Kleiner’s Russ Siegelman will take a board, giving him a chance to head south occasionally — perhaps timed for sold-out Lakers games? (Gotta be good discounts based on how they’ve played recently.)
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
