Founded in November 2019, StarStock enables hobby enthusiasts to buy and sell graded and raw (ungraded) cards instantaneously. The process is actually quite simple.
Sellers ship their cards to StarStock to be listed on their website. The cards are stored inside of StarStock’s secure vault. When a buyer purchases a card, they have the option to keep the card stored in the vault, or to have it sent to them. StarStock receives five percent of each sale.
The instantaneous buy and sell model is key to what makes StarStock so much fun. For example, fans can purchase a card of a player before a game starts. If the player has a big game, they can immediately sell the card just hours after purchasing it and take their profits.
“My partners and I are passionate about sports cards.” said CEO and co-founder Scott Greenberg. “StarStock was inspired by our experiences trading sports cards on traditional marketplaces. We wanted the ability to trade players instantly, which would allow us to day trade players while we are watching the games. We realized that card traders like us wanted ownership of the card, but didn’t actually need to possess the physical card. By separating ownership and possession, we’ve created a fast-moving market that’s able to capture real time price movement of athletes.”
To date, over 750,000 cards have been sold on StarStock with another 1,000,000+ cards currently stored in their vault