Eric Baker’s long, winding road to taking StubHub public

Ticket Reseller Stubhabs came out publicly on Wednesday. Although Stubhab’s shares have closed the percentage below their IPO prices, $ 25.5 dollars, the company values ​​billion billions of dollars, is a proof of the century long perseverance of the public debut itself.

Eric Baker, CEO of Stabhab, co-founded the company with Jeff Fluhar in 2000 while attending the Stanford Graduate School of Business. This happened soon to burst bubble bubble and nasdak crashes, but the pair did not give up.

“Dumb contestants left and many of us got a real opportunity to create a permanent business after giving this dive,” He In 2022 a Basemar Venture Partners Podcast.

A few years later, the business was growing, but Baker and Fluhr did not keep an eye on the direction of the company. In 2004, Baker was pushed from the company.

A year later, Bakr moved to London, where he founded Stubb Viagogo in Europe. Viagogo had a lot of challenges, but he dreamed of merging it with Stubab according to the podcast.

In 2019, when eBay decided to spin Stubhab – it bought the ticket dealer in 2007 – occupied the opportunity of Buck. He received support from investors, including Westcap, Madron Capital Partners and Bassema Venture Partners, bought the company for $ 4.05 billion.

Just after the end of the attachment, the Covid -10 epidemic hits. Live events have been canceled and global separation effectively, the company’s revenue has decreased.

The company was scraped and when the live events were returned, the ticket reseller earned significantly by Taylor Swift’s ERAS Tour, Beyoncy’s Renaissance Tour and Super Bowl.

In the first quarter of 2021, the first quarter increased by 10% to $ 397.6 million compared to the same period last year.

“Reflecting on our journey, I was surprised to see how far we came,” he said in his S -4 founder’s letter when he was. After the year of the plan To go universal before an opening day. “We successfully navigated numerous challenges with the unprecedented impact of Covid -1, which stopped at live events in 2021.”

Accordingly S 1Owner of Baker’s 1.7%of the company, while the investors in the Stubhabhab, the Madron Partners, Westcap and Basmeer Ventures Partners keep 26.5%, 12.5%and 5.7%respectively.