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Timbaland Helps Launch Bay Area Startup

Revd allows users to bid on concert tickets

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Timbaland Helps Launch Bay Area Startup

Getty Images for Gucci/Ian Gavan

People can bid to attend a Revd's launch party with Timbaland at the Palace Hotel on June 29.

Silicon Valley startup Revd is hoping that you'll want to bid online in order to attend exclusive music events, starting with a launch party featuring an appearance by veteran producer Timbaland (Justin Timberlake, Jay-Z, Aaliyah) on June 29 at the Palace Hotel.

There's a catch, but it seems to be to the customer's advantage. The final ticket price of Revd's events will apparently be cheaper than whatever you venture as it will be a cut below the lowest bid.

Bidding for general admission to Timbaland's event is limited to 250 people. It ends on June 16 and currently has a suggested price range of $95 to $195.

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