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Fortune
Fortune
Allie Garfinkle

Whatnot is worth $11.5 billion—and its sellers just hit one billion orders

Whatnot Roelof Botha Term Sheet
(Credit: Whatnot)

The first orders on Whatnot, in 2020, were Funko Pops, sold live by cofounder Grant LaFontaine. For the uninitiated:

“A Funko Pop is a vinyl bobblehead-like doll, generally built around various IP,” LaFontaine explained in a recent interview we did for a forthcoming Term Sheet podcast. “You can get a Star Wars Funko Pop, or your favorite football players… There’s basically a Funko Pop for anything you can think of.”

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