Reverb.com, a New Online Marketplace for Used, Vintage and Handmade Guitars and Gear, Launches with $500,000 Seed Investment

Reverb.com, founded by Chicago Music Exchange owner David Kalt, is a new alternative to eBay and Craigslist specializing in used guitars, vintage guitars and handmade guitars and gear.

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Reverb.com

Our goal with Reverb.com is not to be another eBay, but to be the preferred destination for all musicians and collectors looking for a fair price on used, vintage and handmade guitars and gear.

Chicago, IL (PRWEB) June 18, 2013

Reverb.com today introduced a new online marketplace for buyers and sellers of used, vintage and handmade guitars and gear. Reverb.com, built by musicians for musicians, gives individuals and dealers an optimal experience featuring free listings, low fees, a beautiful interface and the deep and growing Reverb Price Guide.

Reverb.com has been in a “beta,” or trial, period for three months and is already handling hundreds of thousands of dollars in sales with 45% month-over-month growth. The all-inclusive platform showcases music stores, boutique, custom and handmade builders, and thousands of individuals looking to sell unplayed guitars, keyboards and drum kits.

Reverb.com was founded by David Kalt, the owner of the Chicago Music Exchange, one of the world’s best-known vintage guitar dealers, and the technical cofounder and former CEO of online broker optionsXpress, which sold to Charles Schwab in 2008 for $1 billion. Kalt seeded the company with an initial $500,000 investment.

“We believe there is an opportunity to build a robust marketplace to serve the millions of buyers & sellers of musical instruments,” said Kalt. “Currently musicians resort to platforms like eBay and Craigslist, which lack product expertise, user experience, and price transparency.”

Reverb.com gives sellers a powerful and specialized new venue to market their music gear, with a low 3.5 percent transaction fee and tools to maximize exposure. For buyers, it offers an intuitive and educational user experience, rich with pricing data, multimedia and the ability to make an offer on more than 90 percent of listings.

“Our goal with Reverb.com is not to be another eBay, but to be the preferred destination for all musicians and collectors looking for a fair price on used, vintage and handmade guitars and gear,” Kalt added.

About Reverb.com

Reverb.com is an online marketplace for buyers and sellers of used, vintage and handmade guitars and gear.


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