Covetly
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：02
01 / WHAT IT BUILT
What the company did
Covetly was a collectibles marketplace founded by Reid Nahm and Brian Law in New York City and backed by Y Combinator's Summer 2017 batch. Billed as the '#1 Collectibles Marketplace,' it was a platform for collectors and hobbyists to browse, trade, buy, and sell rare, unique, and bizarre items - from Star Wars Kenner and My Little Pony to G.I. Joe, Transformers, Funko, Amiibo, Tokidoki, Skylanders, and Mighty Jaxx. The marketplace was built on top of an inventory management and appraisal tool: collectors could organize their collections, get appraisal price ranges based on real transactions, and set price alerts on their want lists. Y Combinator marks the company Inactive.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Founded; YC S17; launched
Covetly joined Y Combinator's Summer 2017 batch and launched its collectibles marketplace with inventory management and appraisal tools on August 4, 2017.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Founded in 2014 (it joined Y Combinator in 2017) as a consumer collectibles marketplace.
- 02
Y Combinator lists it as inactive, with no dated shutdown and no public record of a closure, bankruptcy or acquisition.
- 03
No audited loss figure was publicly disclosed.