Reverb (marketplace)

Reverb.com is an online marketplace to buy and sell music gear which launched in 2013.[1] The site allows both dealers and individuals to create free listings for instruments and other equipment in either best-offer or auction style listings. Reverb also includes an integrated price guide that pulls transaction data to determine fair market values for a wide range of instruments and gear.[2] Reverb charges a 3.5% sales fee for items sold through the platform, and has also released an iPhone app which includes the site's main features.[3]

Reverb was founded by David Kalt,[4] owner of the Chicago Music Exchange and co-founder of the online options brokerage OptionsXpress. In November 2013, Reverb raised $2.3 million in investment which included funds from Chicago-based firm Lightbank, as well as David Lowery and Cheap Trick's Rick Nielsen.[5]

References

  1. ↑ Carney, Michael (2013-08-27). "Attention musicians: a pretty, easier, instrument eBay has arrived". PandoDaily. Retrieved 2013-12-12.
  2. ↑ Published Nov 14 by Dan Orkin. "Price Guide. Find the value of your music gear.". Reverb. Retrieved 2013-12-12.
  3. ↑ "Why". Reverb. Retrieved 2013-12-12.
  4. ↑ http://reverb.com/page/team
  5. ↑ Basak, Sonali (2013-11-19). "David Kalt, OptionsXpress Cofounder, Raises $2.3 Million Lightbank Investment in Newest Musical Venture". Techli. Retrieved 2013-12-12.