Erik Baker’s long road, to the stubhub wire for the audience

STUBHub Tickets went to the public on Wednesday. Although Stumbhub shares closed by 6 % less than the public subscription price of $ 23.50, as the company was evaluated by more than 7 billion dollars, the first general appearance is a testimony to the institutional perseverance of the co -founder.

Eric Baker, STUBHub CEO in establishing the company with Jeff Fluhr in 2000 while attending the College of Graduate Studies at Stanford. This was shortly after the Dotcom bubble explosion and Nasdak shattered, but the husband did not give up.

“The stupid competitors went and many of us got a real opportunity to build a permanent work after exceeding this decrease,” He said On Bessamer Venture Partners in 2022.

Two years later, the company was growing, but Baker and Falahr did not see face to face towards the company. In 2004, Baker was paid from the company.

A year later, Baker moved to London, where he founded Viegojo, who is from Stuubhub to Europe. The growing company Viagoo has faced many challenges, but it was a dream to integrate it with Stumbhub, according to the podcast.

In 2019, when Ebay decided to revolve around Stumbhub – the ticket seller bought in 2007 – Baker seized this opportunity. He received support from investors, including WestCAP, Madrone Capital Partners, and Bessmer Venture Partners, to buy the company for $ 4.05 billion.

After completing the merger, the Covid-19 bouquet struck. With the cancellation of live events and the isolation of global quarantine, the company’s revenues collapsed.

The company that was ignored by direct events, and the ticket distribution revenue has declined significantly through very popular events such as Taylor Swift’s Eras Tour, Beyoncé’s Renaissance Tour and The Super Bowl.

In the first quarter of 2025, Stumbhub’s revenues grew 10 % to $ 397.6 million in the first quarter compared to the same period last year.

“Think about our journey, I am amazed at the extent to which we have reached,” he said in the message of the founder of S-1. After years of planning For the public public, separately the opening day. “We have succeeded in navigating many challenges, including the unprecedented effect of Covid-19, which led to the suspension of live events in 2020.”

According to S1Baker owns 4.7 % of the company, and at the same time, the Study Madron Partners, WestCAP, Bessimer Venture Partners 24.5 %, 12.3 % and 8.8 % respectively.