Eric baker stubhub biography

“I come from a line of entrepreneurs, and I always knew that was what I’d like to do,” says Baker. “But you can’t just wake up on Saturday and say, “hey, today I’m going to start being an entrepreneur.” I really had the moment of inspiration when I got the Lion King tickets.

I thought this system isn’t working, there has to be a solution. I already had the drive, and this was the spark.”

Baker and a fellow Stanford student set up StubHub, the concept for which was an online ticket exchange for people to buy and sell tickets for live events.

The concept was clearly proven when, in March 2007, the company was sold to eBay for $310m, and was at that time trading tickets worth $400m a year.

Baker left Stubhub in 2004 (while retaining a 10 per cent share, allowing him to cash in on the eBay deal), and several months later came to the UK, with a view to setting up a similar company for the European market.

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