Logan

Cofounder @whatnot -

[Dalton Caldwell @daltonc]

A fascinating thing about @whatnot and other historical marketplaces like $DASH is their growth rate often increases as they scale rather than flattening out.

[Anne Lee Skates @anneleeskates]

Today I’m debuting Parable.

Successful companies make the impossible, inevitable. Their stories live long enough to become parables that inspire generations.

[Logan @loganhead13]

@kirstenagreen I'm sure the CAC is egregious and retention is low. At least that's what panel data says.

[Tom Verrilli @tdrobbo]

I’m very excited that @GrantLaFontaine’s just announced that I’ll be joining @Whatnot as CPO later this fall!

I’m an enormous fan of what he and @loganhead13 have built - business, product, team and culture.

[Lenny Rachitsky @lennysan]

Possibly the fastest growing marketplace of all time: @Whatnot

[Anu Hariharan @anuhariharan]

Huge congrats to the one and only Laela Sturdy! You are an incredible partner to founders and excited to see where you take Capital G from here - https://t.co/mBae17nu0H

[Sean Johnson 🔥 @intentionally]

This is @GrantLaFontaine and his cofounder @loganhead13.

They have built social commerce startup @Whatnot into arguably the fastest growing marketplace ever, succeeding at social selling where many more well-funded companies failed.

How did they do it?

[Anne Lee Skates @anneleeskates]

Congrats to the @Whatnot team! cc @GrantLaFontaine @loganhead13

[Logan @loganhead13]

@elizalian By far the best check I took was a $150k check from YC. I would do it again when starting a new company.

[Anu Hariharan @anuhariharan]

Today in founder news

Large well known crossover fund PM calls one of our founders. Explains to them that they should have "sympathy" that the hedge fund performance is poor and therefore term sheets and hand shakes have no value.

[Logan @loganhead13]

@aloukissas @elixirphoenix @chris_mccord Definitely a great MVP to get out in a couple of months. It helped solve some low latency issues. There were some learnings in which we had to rebuild it again to be able to last our hyper-scale. I'll have the team write a blog post on it.

[Y Combinator @ycombinator]

The deadline to apply for YC W23 is tonight at 8pm PT!

YC works with founders to build the world changing companies of the future — and we'd love to work with you.

Apply at https://t.co/gNl84ElBrq.

[Dalton Caldwell @daltonc]

One interesting fact is that 16 of the top companies are from the very recent W20 batch (and 8 of those W20 companies were in my group).

YC founders that thrived during the uncertainty of 2020 are incredible. Great companies are built in uncertain times
https://t.co/exT6x4iDqH

[Anne Lee Skates @anneleeskates]

Did you know that one of THE most valued hires at the fastest growing marketplace company came from a small local hotel property management company? Meet Michael Naumoff at @Whatnot.

Hiring raw, undiscovered talent is one of @GrantLaFontaine’s superpowers. 👇🏼

[Forbes @Forbes]

Despite a drawdown in venture capital spending, the livestream shopping platform Whatnot — popular for sports cards, rare toys and other collectibles — has raised $260 million in fresh funding. https://t.co/mfHC5xEraO

[Logan @loganhead13]

@justingordon212 When starting Whatnot we raised a little less than 1m pre-seed. My cofounder and I paid ourselves 40k a year. so we can make our runway last as long as possible. In order to do this it required us to cut down on significant costs. We where lucky. Had no kids, debt, etc.

[Logan @loganhead13]

@DStrachman I still don't get the point. I think you should spend more time building vs bullshitting. Best of luck to your firm.

[Logan @loganhead13]

@DStrachman Yup. Spot on. We have a new twitter genius who likes the sound of their own voice. Kudos to you!

[Jeff Chang @JeffChang30]

"Whatnot is for the second straight year the fastest-growing Marketplace 100 company."🥇🥇

We're already multiples in revenue above where we were in late 2021. 📈

Join us as we try to get that 3-peat this year

DM me if you are a US based eng!

https://t.co/MGZ5TJ2q89