Timbaland Helps Launch Bay Area Startup

Revd allows users to bid on concert tickets

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Getty Images for Gucci/Ian Gavan

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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