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 feel 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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Connie Chan is a General Partner at Andreessen Horowitz where she focuses on investing in consumer technology.

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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.

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.

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Past performance is not indicative of future results. 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. 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. We still generally begin browsing with a specific item in mind; it all feels pretty transactional. 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. Want more a16z Consumer? Similar to Pinterest, shopping becomes a byproduct of entertainment. You should consult your own advisers as to those matters. Traditional ecommerce platforms often fail to deliver that joy of discovery you feel when shopping in-person, whether solo or with a friend. The platform delivers on entertainment and connection, and sellers are thrilled with the results. Power User Menu.

A company may not be publicly traded if they are smaller. You can still invest in these companies, however it is harder to look at their worth for investments. A public company is a company that is owned by the public.

We still generally begin browsing with a specific item in mind; it all feels pretty transactional. Back in , Pinterest introduced me to a world of marvelous products and hacks that made life more beautiful. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. The platform delivers on entertainment and connection, and sellers are thrilled with the results. It showed me items I never thought to shop for, and the pinning and collecting mechanic was rewarding and aspirational. Check your inbox for a welcome note. Similar to Pinterest, shopping becomes a byproduct of entertainment. Traditional ecommerce platforms often fail to deliver that joy of discovery you feel when shopping in-person, whether solo or with a friend. 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. An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.