All my apes gone: Legal disputes at the intersection of IP and NFTs
NFTs are no different than old-school physical assets in one important way: They’re governed by a legal framework which, in many respects, is rooted in the 20th century.
How disruptive could a Nike-owned resale platform be?
Last month, we learned Nike is accusing StockX of knowingly selling fake Jordans. Originating earlier this year, the now-amended lawsuit was initiated, with Nike suing the marketplace over their relea
Marcy Venture Partners, co-founded by Jay-Z, just closed its second fund with $325 million
Marcy Venture Partners, the venture firm co-founded in 2018 by Shawn Carter (Jay-Z), former Roc Nation CEO Jay Brown and former Walden VC general partner Larry Marcus, says it has closed its second fu
Queenly’s marketplace for formalwear gets millions in round led by A16z
Queenly, a resale marketplace for formalwear, announced on Friday that it has grown its seed round to $6.3 million in a financing round led by Andreessen Horowitz’s Connie Chan. The financing event
What does it take to create a startup ecosystem?
Say it louder for the people in the back: As tech grows bigger by the minute and venture capital adds dollar signs by the day, a startup hub’s success is not an either/or situation. The next Silicon
Hear how StockX brought the sneaker scene to Detroit
At TechCrunch’s Detroit City Spotlight this week, I sat down with Rae Witte, the journalist behind the StockX EC-1. TechCrunch’s EC-1 push allows individual authors to go deep on a particu
Detroit’s native son, billionaire Dan Gilbert, makes the case for his town
Dan Gilbert loves his hometown of Detroit. He loves it so much that the billionaire founder of what would eventually become the mortgage lender Quicken Loans has poured at least $2.5 billion into reha
A ‘more honest’ stock market
Hello friends, and welcome back to Week in Review! Last week, I talked about Clubhouse’s slowing user growth. Well, this week news broke that they had been in talks with Twitter for a $4 billion
Let’s talk about gaslighting and fundraising
“Most of the startups I give advice to about how to raise venture capital shouldn’t be raising venture capital,” an investor recently told me. While the idea that every startup isn’t venture-b
Extra Crunch roundup: StockX EC-1, Early Stage recaps, unpacking Alkami’s IPO, more
Over the last few days, we’ve published several articles recapping panels from last week’s TechCrunch Early Stage virtual conference. Each story is based on an interview with a founder or
Have a startup in Detroit? Apply to pitch at TechCrunch’s Detroit virtual meetup!
TechCrunch is coming to Detroit — virtually, at least. On April 15, TechCrunch is hosting a small online event with local venture capitalists, founders and those curious about the growing ecosystem.
The StockX EC-1
StockX is a unique company at the nexus of two radical transitions that isn’t just redefining markets, but our culture as well.
How StockX became the stock market of hype
StockX may be a multibillion dollar juggernaut with massive influence radiating throughout sneaker culture today, but it started with taking the leap to transforming a personal passion into a business
Authentication and StockX’s global arms race against fraudsters
In this part of the EC-1, we’ll explore how authentication got started at StockX and how it has grown, as well as what it takes to compete with the fakes — and the fallout when the company gets a
Where StockX fits in the business of sneakers
E-commerce startups and tech companies have sprouted up to target this connected cultural consumer, and StockX has had to run quickly to maintain its product and marketplace lead.
The consequences of scaling up sneaker culture
While StockX’s idea of access does circumvent gatekeeping and the backdoor deals of the past to an extent, it has come at the cost of having access taken from vibrant regions, brick-and-mortar store
Sneaker enthusiast group SoleSavy raises $2M, setting the stage for a community-driven commerce boom
SoleSavy, a community built around buying hot sneakers and related items that are increasingly hard to acquire at retail, raised $2 million in a round that closed late last year. SoleSavy is a group o
The StockX megaround smells like pre-IPO money
An IPO? A shoe-reselling marketplace? Sure! At the numbers we know about it, why not?
StockX raises $275M Series E, valuing the retailer at $2.8B
StockX today announced its Series E funding led by Tiger Global. The $275 million funding round values the company at $2.8 billion at a post-money valuation. The company intends to use the cash to acc
EBay takes a bite at StockX and GOAT with sneaker authentication for sales $100+ in the US
EBay is announcing today that it’s going to start authenticating sneaker sales over $100 in the U.S. This is a clear bite into the dominance of StockX and GOAT in the limited sneaker universe. T