Is whatnot publicly traded

We still generally begin browsing with a specific item in mind; it all feels pretty transactional. Traditional ecommerce platforms often fail to deliver that joy of discovery you is whatnot publicly traded when shopping in-person, whether solo or with a friend. Think back to early Pinterest.

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Is whatnot publicly traded

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As part of this investment, eBay will become the preferred secondary marketplace for Funko, and the companies will partner on creating products. This piece was originally published on March 16, Funko Pops have been around for decades. But a growing consumer base of collectors and the marketplaces that facilitate sales have created a growing niche business. Suddenly, the Pops, vinyl figures that largely emulate iconic fictional characters in pop culture, are big business for stakeholders, including resellers and e-commerce platforms eyeing alternative revenue streams. Whatnot, a leading marketplace for people selling sought-after Funko Pops and other items like sports trading cards, has attracted high-profile investors. Meanwhile, the maker of Funko Pops, a publicly traded company named Funko Inc. Then, there are the resellers like Robert Valentine and Lisa Bosco — the powerhouse couple behind Funkowhisperer and two of thousands of collectors who have turned to reselling Funko Pops.

Is whatnot publicly traded

The app captures a trend that had been growing popular on platforms like Instagram in the U. Verified sellers can go on the air at any time, hosting on-the-fly video auctions for their goods. Initial word of this round broke last week, via The Information. Whatnot originally started as a more standard less live resale platform, at first focused on authenticating just one kind of collectable: Funko Pops. As the pandemic took over and everyone was suddenly stuck at home, they leaned hard into live shopping — and grew rapidly as a result. With each category it dives into, Whatnot focuses on onboarding sellers that are already known and trusted in their respective community; each streamer on the platform is currently vetted by the company before they can go live, helping them keep fraud to a minimum. Doing anything sketchy just means getting booted off the platform and burning your own reputation in the process. Existing giants want in on it too: YouTube is playing with the live shopping concept , and Amazon has been bringing in influencers to host live sessions. In other words: watch this space. Maybe watch it via livestream.

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You should consult your own advisers as to those matters. Posted March 4, Thanks for signing up for the a16z Consumer newsletter. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. Traditional ecommerce platforms often fail to deliver that joy of discovery you feel when shopping in-person, whether solo or with a friend. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. Think back to early Pinterest. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. The content speaks only as of the date indicated. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z.

A company may not be publicly traded if they are smaller.

It showed me items I never thought to shop for, and the pinning and collecting mechanic was rewarding and aspirational. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Posted March 4, Think back to early Pinterest. Thanks for signing up for the a16z Consumer newsletter. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. Whatnot cofounders Grant LaFontaine and Logan Head both bring impressive technical chops, entrepreneurial grit, and community-building expertise to Whatnot. Power User Menu. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. This is why we were so excited to lead the Series A in Whatnot , a livestream shopping platform and marketplace where users buy and sell collectibles like Pokemon cards, sports cards, Funko Pops, and more. Sign up to get insights and analysis on how marketplaces break out and scale. This is why we were so excited to lead the Series A in Whatnot , a livestream shopping platform and marketplace where users buy and sell collectibles like Pokemon cards, sports cards, Funko Pops, and more. It showed me items I never thought to shop for, and the pinning and collecting mechanic was rewarding and aspirational.