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New Platform Mythic Markets Recently Raised $2 Million In Seed Funding

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Below is our recent interview with Joe Mahavuthivanij, Co-Founder & CEO of Mythic Markets:

Q: For those who haven’t heard of it, what is the best way to describe Mythic Markets?

A: Mythic Markets is a stock market that allows investors to buy, sell, and trade fractional shares in high-value, appreciating pop culture collectibles. We’re starting by securitizing vintage comic books and collectible cards, allowing fans to invest in nostalgia.

Q: How exactly does your platform work?

A: If you’re familiar with the stock market or investing in publicly-traded companies like Apple, Google, or Facebook, it’s a very similar process.

We create a company for each asset (or collection of assets), securitize them through an SEC filing, and sell shares in an IPO (initial public offering).

We’re also building the secondary trading marketplace that will allow investors to trade their shares with other investors.

Q: You’ve recently raised $2M in Seed round; could you tell us something more?

A: a. Our seed round was led by Slow Ventures, with participation from Third Kind Venture Capital, Global Founders Capital, and several amazing angels.

We recently completed the SEC qualification process and are excited to launch our first offering, an Alpha Black Lotus card from Magic: The Gathering.

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Q: What are the benefits of investing in collectibles?

A: a. While we can’t comment on the potential value growth of the collectibles, as an asset class collectibles have outperformed the S&P 500, gold, and real estate over the past 10 years. It’s also a great way to diversify your investment portfolio in a super fun way!

We’re also developing our Fan Club Experience program, giving investors access to exclusive perks unavailable to non-shareholders.

Q: What can we expect from Mythic Markets in the future?

A: We’re excited to continue our growth, expand our collection, and eventually make it possible to invest in your favorite e-sports teams.

Last Updated on October 27, 2019

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