An Overview Of Whatnot As The Fastest Growing Marketplace

13 May 2022 · 1 min

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In this interview segment, a Whatnot representative provides a high‑level overview of the company, describing it as a livestream shopping platform and online marketplace distinguished by live and social features. Users spend an average of two hours per day engaging with the community and watching live videos. The company has grown its headcount from 10 employees in January 2021 to about 170 full‑time staff, with a target of 300 by year‑end. Whatnot has raised $225 million in funding and claims to be the fastest‑growing marketplace in the United States, holding that title for the past two years and asserting a scale comparable to several publicly traded marketplaces.

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helpful if you can kind of give us a high-level overview of it and, you know, the sense of scale you're at today.
Yeah. So high level with Whatnot, we now call ourselves like a livestream shopping platform and online marketplace. The thing that differentiates Whatnot relative to most traditional marketplaces is our live and social features. The average person comes on Whatnot for about 2 hours a day, engaging with the community, watching a live video, et cetera. Headcount-wise, we're about 170 full-time employees. That this time, January of 2021, we were 10. So we've added about 160 people in the past 15 months. We'll get to about 300 people by the end of this year. We've raised $225 million. We're the fastest-growing marketplace ever in the United States. Not— and we've had the title for managing reason for the past 2 years in a row. Our scale's pretty significant. We don't really release exact numbers on that, but it's, it's not— you know, what I can say is we're as large as a number of publicly traded marketplaces.