StockX, the world’s first gray consumer “stock market of things” for high-demand, limited edition products launched today from downtown Detroit.
StockX is the world’s first gray consumer “stock market of things” for high-demand, limited edition products and features a live marketplace where participants anonymously buy and sell limited edition consumer products (such as sneakers) with stock market-like visibility. The StockX exchange offers buyers and sellers historical price and volume metrics, real-time bids and offers (asks), time-stamped trades, individualized portfolio tracking and analysis, as well as in-depth market analysis and news. StockX launched its inaugural marketplace in the secondary sneaker space with plans to expand to additional consumer product segments that have a natural need for a live secondary market.
In addition to Luber – the founder of Campless, StockX was co-founded by Dan Gilbert, founder and chairman of Rock Ventures and Quicken Loans and majority owner of the Cleveland Cavaliers. Joining Gilbert and Luber in this early-stage investment is prominent high-tech venture capital firm SV Angel and its founder and co-managing partner, Ron Conway, Detroit Venture Partners (DVP), Ludlow Ventures and Courtside Ventures. The company is expected to announce an expanded investor group consisting of several high-profile entertainers, athletes and prominent figures in the sneaker world over the next few months.
Enjoying checking out StockX and let us know in the comments section how many of you plan on using StockX in the near future for your upcoming releases?
