StockX

StockX

An online marketplace to buy & sell verified authentic sneakers, streetwear, handbags, and watches.

StockX is a company that operates an online marketplace selling limited edition and high demand sneakers, streetwear, collectibles, handbags, and watches. It is registered under SoleTrade LLC and was founded in 2015. StockX was founded by Dan Gilbert, Josh Luber, and Greg Schwartz. It is headquartered in Detroit, Michigan, United States.

Service

Stock X's best selling brands range from Adidas and Nike for sneakers, to KAWS and bearbrick for streetwear, to Rolex and Apple for watches. Their products are sold through a bidding process where sellers would set the price they are willing to sell the products for - called an 'ask' - and the buyers would bid until both sides reach an agreement, in which transaction would automatically be made. To ensure product quality, after setting their ask, sellers must send their products to StockX's team of authenticators. The authenticators are based in New York and London. Although sellers can set the initial bid price, buyers have access to the average final price for the same products, based on past bid wins on the site.

Timeline

September 2018

$44m Series B

The round was led by GV and Battery Ventures.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
StockX Series C round
Series C round
110,000,000
General Atlantic
StockX funding round, September 2018
Series B round
44,000,000
September 2018
GV
2 Results
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People

Name
Role
LinkedIn

Greg Schwartz

Founder

Joe Mitchell

Employee

Nick Engvall

Employee

Taryn Watzman

Employee

Further reading

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Author
Link
Type
Date

Documentaries, videos and podcasts

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Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Veanne Cao
November 8, 2019
TechCrunch
Joshua Luber runs a sneaker empire valued at more than $1 billion, but he thinks they're just now scratching the surface. The consumer marketplace recently expanded to include a fifth category (collectibles). "It's an evolution of eBay that works similar to the stock market," Luber states, "but at the core, it's around the concept of [...]
Dominick Reuter and Jennifer Ortakales
October 29, 2019
Business Insider
The first $150 million fund has backed nearly 130 companies with the support of high-profile investors like Jeff Bezos, Ray Dalio, and Meg Whitman.
Danny Crichton
September 18, 2019
TechCrunch
Nothing can get built without talented people with the right skillsets, which is why startups hitting their growth phases have to go from hiring a smattering of employees to building systems that can hire dozens to hundreds of people per year. How can startups double and triple headcount year after year in a sustainable way, [...]
Zack Whittaker
August 1, 2019
TechCrunch
StockX, a popular site for buying and selling sneakers and other apparel, has admitted it reset customer passwords after it was "alerted to suspicious activity" on its site, despite telling users it was a result of "system updates." "We recently completed system updates on the StockX platform," said the email to customers sent to TechCrunch [...]
Darrell Etherington
June 26, 2019
TechCrunch
Detroit-based StockX, which provides a way for people to resell luxury and lifestyle goods including streetwear, bags, watches and shoes, is now valued at over $1 billion based on its most recent raise of $110 million, just revealed by the New York Times. Alongside the raise, StockX is bringing on a new CEO - ecommerce [...]
By Erin Griffith
June 26, 2019
www.nytimes.com
StockX is one of several online marketplaces that have turned resales of shoes into a big -- and highly valued -- business.

References

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