[anon808]

seatgeek has an amazing ui, maybe the best ui for finding tickets. That alone is very valuable. The problem is that with this round total raised is $100M. VC's expect to double or triple their money, as par. That sets a simplified expected exit valuation of $300M for this to be a success. Ticketmaster was last sold for $400MM in 2009. The bar for success is now extremely high. Anything below the high expectations generally means that this fantastic product will be considered a failure and most likely sold for scrap. What a horrible situation, why create these artificial expectations?

[untog]

You didn't really counter any of the OPs points, though. A great UI is cool, but not if you don't have any tickets to sell because Ticketmaster already owns the entire market.

[hayksaakian]

is the UI good enough that people pay a markup on TM for the sake of the buying experience?

[mbesto]

> Ticketmaster was last sold for $400MM in 2009

It was not sold. It merged with LYV to be valued at 50% of a $2.5bil company. It's now a $5bil company.

[anon808]

(Reuters) - The world's largest concert promoter, Live Nation Inc, plans to buy Ticketmaster Entertainment Inc for about $400 million in stock, aiming to create a company with dominant holdings in concert promotion and ticket sales.

http://www.reuters.com/article/2009/02/10/us-ticketmaster-li...

2.5b enterprise value inlcuding debt. not 2.5b equity.