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Why sneakerheads are leaving eBay for Detroit startup StockX
Buying a pair of new rare sneakers is harder than reselling them on StockX. To buy new, the Yeezy or Jordan gods have to smile upon you, giving you that winning raffle ticket at a local store or letting you beat the bots online. To resell, all you have to do is go to the StockX website and set a price. You don't take photos or haggle with potential buyers. Instead, you look at what price the shoes are selling for and list your pair at whatever amount you think someone will pay for them. Like a stock exchange, buyer and seller identities are kept from one another. StockX acts as a middleman, only releasing payment once it verifies that goods are authentic. It's this simplicity that has helped the company earn so many loyal users. StockX was founded in 2015 after Quicken Loans founder and CEO Dan Gilbert bought Campless -- an online repository for sneaker sales data -- from Josh Luber. As part of the purchase, Luber moved from his native Philadelphia to the Detroit metro area, taking up the mantle of StockX CEO and working from Gilbert's One Campus Martius building downtown. In a little under three years, the company has become the go-to source for buying rare high-end shoes and streetwear.
Affirm’s app lends you money to buy things online
Paypal co-founder Max Levchin launched Affirm back in 2012 to extend credit for folks to buy things online. Today, his company has extended that feature to a mobile app, functionally creating a virtual credit card for anyone who wants to trust a tech company instead of banks.
Homer for iPhone lets you peek at the apps your friends use
Ever had the urge to peek at your friends' phone screens, whether it's to learn about their favorite apps or simply pry into their digital lives? Well, you can now do that without having to either strike up an awkward conversation or get overly nosy. PayPal co-founder Max Levchin and the HVF crew have launched Homer, an iPhone app that lets you share your app picks with fellow users. All you do is take screenshots of your home screens and submit them; Homer scans the pictures and identifies the apps, making it easy to compare them with pals in your contacts or on social networks.
PayPal co-founder Max Levchin returns to online payments with Affirm
Curious what Max Levchin's been up to ever since he left Google in 2011? Well, wonder no more. Today, PayPal's co-founder revealed his return to the payment world with a new company called Affirm. Like many startups, Affirm is looking to make online payments quicker and easier, but the real question is whether you'll be willing to come along for the ride. AllThingsD managed to catch Levchin for an interview, in which he revealed that Affirm will issue credit to consumers and guarantee payment to merchants for all online transactions. Curiously, Affirm will use Facebook to verify a user's identity, and it'll also use a wide range of social and location-based data to determine an individual's credit worthiness. The payment startup will launch in beta with 1-800-Flowers as its partner, and it's said that consumers will be given 30 days to settle the resulting bill with Affirm. There's no word of what fees or interest rates will be assessed for late payments, but we imagine you'll find strong incentive to pay for that flower arrangement.
Google shutters Slide, founder Max Levchin moves to greener pastures
It's been barely a year since Google acquired Slide for a cool $200 million, but today comes news that the Mountain View crew has decided to dissolve its social apps unit, and that renowned entrepreneur Max Levchin will be leaving the company to "pursue other opportunities." Sources close to the matter told All Things D that the decision was announced at an internal staff meeting yesterday afternoon, and that most of Slide's 100 employees will likely shift over to YouTube. A Google spokesperson later confirmed that the unit will in fact be shuttered, but didn't reveal further details of where the displaced employees will land, saying only that the majority will remain onboard. Google didn't offer a concrete explanation for the decision, though Slide had been acting as a largely autonomous and peripheral branch, and was never fully integrated into the company's larger social team. Its apps, moreover, never really took off, and are due to be phased out over the course of the next few months -- including tools like SuperPoke Pets, Disco and Photovine. And then, of course, there's Levchin -- the man who founded the company just a few years after co-founding PayPal, and who currently serves as Yelp's chairman of the board. His immediate plans remain unclear, though we and the rest of the tech world will certainly be keeping a close eye on him, wherever he lands next.
