LiveStub hopes to nuke StubHub, others, with commission-free scalping
Updated
Thanks to the internet, selling tickets on the secondary ticket market — the act formerly known as scalping — has gone legit. EBay bought the market pioneer, StubHub, for $310 million. TicketMaster dropped $265 million to get its hands on TicketsNow, and top-tier VC firm Kleiner Perkins led a $26 million investment in RazorGator back in 2005. All of these companies make money charging sellers a 15 percent commission on the tickets they sell.
However, LiveStub,… Continue Reading