Ticket reseller StubHub went public on Wednesday. Although StubHub’s shares closed 6% below their IPO price of $23.50, valuing the company at over $7 billion, the public debut itself is a testament to the co-founder’s decades-long perseverance.
StubHub CEO Eric Baker co-founded the company with Jeff Fluhr in 2000 while they were attending the Stanford Graduate School of Business. This was shortly after the dotcom bubble burst and NASDAQ crashed, but the pair didn’t give up.
“Stupid competitors went away and many of us got a real opportunity to build a lasting business after getting through that dip,” he said on a Bessemer Venture Partners podcast in 2022.
A couple of years later, the business was growing, but Baker and Fluhr didn’t see eye-to-eye on the direction of the company. In 20