Oh and this article is wrong. The guy involved in this also has a U.S. version of this under a holding company; I know this because I tried to get Lily Allen tix from a venue in NYC and even though I got there like literally 10 minutes after tickets went on sale, I was told that they all "sold out".
"Impossible!" I claimed. Then I was told about this company - basically all they do is hire a bunch of low-lifes (read: college students who want quick pot-cash) to just hang around for hours before the tickets go on sale and they then just buy up all the tickets and resell them for 5-10X original cost.
Seriously who sees a future in a company that gets people aggravated by design and ads zero value to the process?
Are VCs that dumb, or just that desperate?