Our Future Podcast
#36: Peter Thiel Backed Their $300M Software Marketplace
Mar 28, 2024
Co-founders of Whop, a platform backed by Peter Thiel, discuss their $300M software marketplace supporting young internet hustlers. The podcast covers their journey, revenue generation strategies, and the platform's role in facilitating entrepreneurial opportunities for Gen Z.
31:48
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Quick takeaways
- Whop is a platform similar to Etsy for digital products that has raised $17M and facilitated $300M in transactions, attracting investments from Peter Thiel and James Harden.
- EasyA is a mobile app like Duolingo for Web3 that teaches blockchain programming, utilizing a unique B2B2C model generating millions in revenue through hackathon strategies.
Deep dives
WAP: Creating Marketplace for Digital Goods
Three young entrepreneurs, Steven Schwartz, Jack Sharkey, and Cameron Zaup, raised $17 million to establish WAP, a platform resembling Etsy for digital products like software and access to communities. Initially skeptical, the venture took off after three months, garnering over $4 million in revenue and handling $300 million in transactions. Their strategic move to retain the business despite early doubts paid off, attracting significant investments and achieving rapid growth.
