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Steven Schwartz 🦅
@cultured
Co-Founder / CEO @whop -
1.1K Following    30K Followers
Whop has raised $200M in Series D funding at a $5.1B valuation, backed by @sequoia and @shopify. It really feels like we are barely touching the tip of the iceberg in a market larger than anyone can imagine. We first launched Whop as a better way for us to sell sneaker bots, one of the most niche types of desktop software out there. Total TAM? Probably $20,000 per day. Who cares, tiny market. But, what people discounted is the idea that there were actually 70,000 other markets exactly like that one. Beyond the investment itself, I am especially excited to welcome legendary silicon valley investor @dougleone to our board of directors. Doug and the sequoia team are nothing but a brilliant, resourceful, and principled group of people. My co-founder Cameron and I started building on Shopify when we were 13 years old. Shopify is one of the most impactful all-in-one cloud ecosystems ever created; @tobi has pioneered modern entrepreneurship the way we know it and we are thrilled to have him in our corner. We have a tenet at Whop to be the dumbest in the room and I am very grateful that this has recently become a lot easier. We are focused on markets, scale economies, and progressive media. If that is up your alley, please message me directly. The $200M raised will support our expansion as we build economic infrastructure for the next century, continuing on our mission of delivering everyone an income.
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Forward to community
Whop has always been about independence: the freedom to make your own money in new ways. We’ve worked hard to build the infrastructure for every new internet market, from sneaker bots and discord servers to clipping and mobile games. We want you to take on big corporations, build cool shit with your friends, and win.  With scale, Whop is unlocking bigger and more ubiquitous industries, making them easy to enter. This blueprint empowers you to deploy financial services at scale in a few clicks. It bundles deposits, withdrawals, cards and on-chain trading so you can even launch the next Coinbase in 15 minutes. AI is making it easy to create something new and fast, and distribute your idea to the world. Bet on yourself
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