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Creator wishlist startup Throne is doing so well that it returned investor money
Throne, which lets fans gift items to creators from their wishlist, is launching a new gifting portal for family and friends called Happy Wishlist.
In February, the company raised $830,000 in a SAFE note from investors like Ryan Hoover’s Weekend Fund, Z Fellows’ Cory Levy, and Vibhu Norby (B8ta) with a valuation cap of $30 million. Last year, Zerforschung, a German collective of security researchers, found a bug in the platform that exposed creators’ private addresses. For them, liquidation preferences and investor pressure to deploy the capital they raised (often creating a high-cost basis) put them in a position where they have no choice other than to hope for a unicorn outcome,” Becker said.
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