StockX secured the bag to the tune of $1 Billion
This past year, the online sneaker resale marketplace StockX was valued at at least $1 billion in a new round of financing. Crunchbase has all the details.
What’s crazy is that they’ve been able to do this despite stiff competition, as well as not having yet turned a profit. Let me say that again.
They’re worth over a billion dollars, AND THEY LOSE MONEY EVERY MONTH!!!! HOW IS THAT POSSIBLE?
Venture capital… that is how… you might want to learn about it.