Eric Baker (businessman)
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Eric Baker (businessman)
Eric H. Baker (born May 1973) is an American businessman, the founder and CEO of Viagogo, and co-founder of StubHub. Early life Baker was born in May 1973. He was born and grew up in Los Angeles. Baker graduated from Harvard College in 1995, and received an MBA from Stanford Business School in 2001. Career Baker worked for McKinsey & Company for two years, and then Bain Capital, a private equity firm in Boston. Baker co-founded StubHub in 2000, with fellow Stanford classmate Jeff Fluhr, initially as part of a Stanford competition from which they withdrew after being chosen as finalists due to concerns that someone might take their idea. While Fluhr dropped out of Stanford to focus on StubHub full-time, Baker opted to not immediately join the company. While he was completing his MBA, the site launched without him in October 2000. He rejoined StubHub as its president in 2001. However, Baker and Fluhr clashed on the direction of the company and Baker was fired from StubHub in 200 ...
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Harvard College
Harvard College is the undergraduate education, undergraduate college of Harvard University, a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Part of the Harvard Faculty of Arts and Sciences, Faculty of Arts and Sciences, Harvard College is Harvard University's traditional undergraduate program, offering BA (Bachelor of Arts) and BS (Bachelor of Science) degrees. It is highly selective, with fewer than four percent of applicants being offered admission as of 2022. Harvard College students participate in over 450 extracurricular organizations and nearly all live on campus. First-year students reside in or near Harvard Yard while upperclass students reside in other on-campus housing. History Harvard College was founded in 1636 by vote of the Massachusetts General Court, Great and General Court of the Massachusetts Bay Colony. Two years later, the college became home to North America's first known printing press, carri ...
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Stanford Business School
The Stanford Graduate School of Business is the graduate business school of Stanford University, a private research university in Stanford, California. For several years it has been the most selective business school in the United States, admitting only about 6% of applicants. Stanford GSB offers a general management Master of Business Administration (MBA) degree, the MSx Program ( MS in Management for mid-career executives), Stanford LEAD Online Business Program and a PhD program, along with joint degrees with other schools at Stanford, including Earth Sciences, Education, Engineering, Law, and Medicine. History The school was founded in 1925 when trustee Herbert Hoover formed a committee consisting of Wallace Alexander, George Rolph, Paul Shoup, Thomas Gregory, and Milton Esberg to secure the needed funds for the school's founding. Willard Hotchkiss became the first dean of Stanford GSB. The library was formally inaugurated on April 3, 1933. The collection was established ...
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Viagogo
Viagogo, stylized by the company as viagogo, is a multinational ticket exchange and ticket resale brand. It is registered in the United States (Delaware) and has been owned by StubHub since 2021.McCormick, Bret (28 February 2022),Dealmaking, the full return of live events, and league and team business up for grabs are positioning sports ticketing for years of growth, ''Sports Business Journal'' It was founded in London in 2006 by Eric Baker as an amateur online marketplace for consumers to buy and re-sell tickets to sports, music, theatre and comedy events.The controversial business model of the company has always been in the headlines. The company has failed to pay the sellers and deliver tickets to the buyer in uncountable instances. Viagogo is backed by investors such as Index Ventures, Brent Hoberman, Jacob Rothschild, and Bessemer Venture Partners. In February 2020 the company purchased StubHub for $4 billion with the merging process finalized in 2022. The company has ...
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StubHub
StubHub is an American ticket exchange and resale company. It provides services for buyers and sellers of tickets for sports, concerts, theater, and other live entertainment events. By 2015, it was the world's largest ticket marketplace. While the company does not currently disclose its financials, in 2015 it had over 16 million unique visitors and nearly 10 million live events per month. StubHub was founded in 2000 by Eric Baker and Jeff Fluhr. The company was acquired by eBay for $310 million in 2007, and again acquired in 2020 by Viagogo. History 2000–2007 StubHub was founded in March 2000 as a class project by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. One of its first major sports deals was with the Seattle Mariners in 2001. In 2002, eBay was in talks to acquire StubHub for US$20 million, although the agreement had later "fallen apart over price." While StubHub initially intended to "build a ticket transaction s ...
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McKinsey & Company
McKinsey & Company (informally McKinsey or McK) is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinsey, McKinsey is the oldest and largest of the " MBB" management consultancies. The firm mainly focuses on the finances and operations of their clients. Under the direction of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—initiated a program designed to transform corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has been the subject of significant controversy and is the s ...
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Bain Capital
Bain Capital, LP is an American Investment company, private investment firm based in Boston, Massachusetts, Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, cryptocurrency, crypto, tech opportunities, partnership opportunities, special situations, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 24 offices in North America, Europe, Asia, and Australia. Since its establishment, Bain Capital has invested in or acquired hundreds of companies, including AMC Theatres, Artisan Entertainment, Aspen Education Group, Apex Tool Group, Brookstone, Burger King, Burlington Coat Factory, Canada Goose (clothing), Canada Goose, DIC Entertainment, Domino's Pizza, Double ...
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Private Equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage "private equity" can refer to these investment firms rather than the companies in which they invest. Private-equity capital (economics), capital is invested into a target company either by an investment management company (private equity firm), a venture capital fund, or an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Private equity can provide working capital to finance a target company's expansion, including the development of new products and services, operational restructuring, management changes, and shifts in ownership and control. As a financial product, a private-equity fund is private capital ...
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Jeff Fluhr
Jeffrey Fluhr is an American business executive, currently a general partner of Craft. He co-founded StubHub and was its CEO from 2000 until 2007, when it was acquired by eBay. He also established the social video platform Spreecast in 2012, which has since ceased operations. As an angel investor, he has invested in technology companies such as Houzz, Twilio, and Warby Parker. Background and early career Fluhr was born into a business-oriented family. His grandfather, Michael Kosof, owned a women's clothing store in Manhattan which he passed on to Fluhr's mother. His father was an engineering executive at AT&T. As a child, Fluhr bought candy in large boxes from a wholesale distributor, and resold it. Fluhr graduated with a dual degree in engineering and finance at the University of Pennsylvania. He won the Joseph Wharton Award for Young Leadership, presented by the Wharton Club of New York. After attending college he worked at the Blackstone Group in New York and then at Thomas ...
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Competition And Markets Authority
The Competition and Markets Authority (CMA) is the principal competition regulator in the United Kingdom. It is a non-ministerial government department in the United Kingdom, responsible for promoting competitive markets and tackling unfair behaviour. The CMA launched in shadow form on 1 October 2013 and began operating fully on 1 April 2014, when it assumed many of the functions of the previously existing Competition Commission and Office of Fair Trading, which were abolished. The CMA also has consumer protection responsibilities and took on new digital markets regulation responsibilities in late 2024 under the Digital Markets, Competition and Consumers Act 2024. The CMA alongside the European Commission, the United States Department of Justice and the Federal Trade Commission, is a globally important antitrust agency. History On 15 March 2012, the UK Government's Department for Business, Innovation and Skills (BIS) announced proposals for strengthening competition in the U ...
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1973 Births
Events January * January 1 – The United Kingdom, the Republic of Ireland and Denmark 1973 enlargement of the European Communities, enter the European Economic Community, which later becomes the European Union. * January 14 - The 16-0 1972 Miami Dolphins season, Miami Dolphins defeated the 1972 Washington Redskins season, Washington Redskins in Super Bowl VII, with the Dolphins ending the season a perfect 17-0. This marked the first and only time that an NFL team has had a perfect undefeated season, an achievement the team holds to this day. * January 15 – Vietnam War: Citing progress in peace negotiations, U.S. President Richard Nixon announces the suspension of offensive action in North Vietnam. * January 17 – Ferdinand Marcos becomes President for Life of the Philippines. * January 22 ** ''Joe Frazier vs. George Foreman, The Sunshine Showdown'': George Foreman defeats Joe Frazier to win the heavyweight world boxing championship in Kingston, Jamaica. ** A Royal Jorda ...
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Living People
Purpose: Because living persons may suffer personal harm from inappropriate information, we should watch their articles carefully. By adding an article to this category, it marks them with a notice about sources whenever someone tries to edit them, to remind them of WP:BLP (biographies of living persons) policy that these articles must maintain a neutral point of view, maintain factual accuracy, and be properly sourced. Recent changes to these articles are listed on Special:RecentChangesLinked/Living people. Organization: This category should not be sub-categorized. Entries are generally sorted by family name In many societies, a surname, family name, or last name is the mostly hereditary portion of one's personal name that indicates one's family. It is typically combined with a given name to form the full name of a person, although several give .... Maintenance: Individuals of advanced age (over 90), for whom there has been no new documentation in the last ten ...
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Businesspeople From Los Angeles
A businessperson, also referred to as a businessman or businesswoman, is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) to generate cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital to fuel economic development and growth. History Medieval period: Rise of the merchant class Merchants emerged as a social class in medieval Italy. Between 1300 and 1500, modern accounting, the bill of exchange, and limited liability were invented, and thus, the world saw "the first true bankers", who were certainly businesspeople. Around the same time, Europe saw the " emergence of rich merchants." This "rise of the merchant class" came as Europe "needed a middleman" for the first time, and these "burghers" or "bourgeois" were the people who played this role. Renaissance to Enlightenment: Rise of ...
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