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Whatnot raising at a 20 billion valuation doing live shopping shouldn’t surprise anyone. Shopping + Fun equals big bucks. QVC and the home shopping network ran the same exact model on TV for decades, and people loved it. eBay auctions were the same thing online in the 90s and it’s still worth 45 billion today. There is more to life and venture than LLMs.
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💰 @Whatnot raises $545M in a Series G round at a $20B valuation, led by @ICONIQCapital, @lightspeedvp, and Avra.
New investors: @kleinerperkins, Wellington Management, @RobinhoodApp Ventures Fund I, S32, Standard Capital. Also joined by @capitalg, @ycombinator, Durable Capital Partners, Alkeon, @a16z, @Greycroft, @bondcap, @dstglobal.
#Whatnot# is a live shopping marketplace where sellers run live video auctions across 250+ categories.
👉
#LiveCommerce# #Funding# #SeriesG#
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Fast-growing shopping app Whatnot is now valued at $20 billion, nearly double the $11.5 billion valuation it hit in October
I don’t know much about WhatNot - but the @Summit_Metals 72-hour stream is pretty cool. I will pop back into the chat later.
Now LIVE with @HaileyRoseFucks on WhatNot for more World Cup rips! 🔥🔥🔥
Tapping into the addictive qualities of social media, Whatnot allows people to bid, around the clock, on trading cards, squishy toys and designer fashion, auctioned live in high-energy shows within the app. Critics say its design encourages overspending.
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wonder how much of the rise in card prices is downstream of the explosion in repack apps (Rips) and Whatnot resellers
Livestream shopping is gaining steam in the U.S., thanks to apps like TikTok and Whatnot
💸 "Stablecoins that are trying to launch today, that don't have users or distribution or whatnot, are almost doomed to fail."
Ex-Silvergate president Ben Reynolds, now @SoFi SVP, tells @_dsencil why banks have the unfair edge 🏦
At @TheBitcoinConf
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1 year ago, we did a 1 week sprint and make the first ever on-chain live pack ripping commerce platform @RipNReveal
Our first stream had more viewers than every whatnot stream combined at time of air, and did $700k+ in volume
Ready for whats next...? 👀🎥
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