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Fortune
Fortune
Sasha Rogelberg

This Gen Z startup raised $41.5 million as the 'anti-Facebook'

Two young men sit next to each other on a concrete bench. (Credit: Courtesy of Fizz)

Teddy Solomon knew he was onto something when he visited a Palo Alto shop to return his bike at the end of a school year at Stanford. Trying to make a couple bucks off his beat-up two-wheeler, Solomon was surprisingly turned away from the shop.

“They basically told me straight up, ‘Go onto Fizz to sell your bike,’” Solomon recalled. “You're gonna get a much better value for it. We will scam you here because everyone is trying to sell their bikes,” they told him.

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