MySlabs
👤 Ken Rodgers (The founders were collectors tired of 13-22% fees, so they built a 2% venue and grew it via the hobby's own channels.)🌐 site𝕏
A marketplace that ran $80M of graded cards on a 2% fee - and still posted a loss. Huge traction, unproven economics.
Will it work? · our read
Volume, not margin. The 2% fee won $80M of GMV and a loyal niche, but it is too thin to fund the company - 2023 revenue fell to $389K and it lost $230K. A real wedge on unproven economics.
01How the money moves
Collector lists a graded slab at a fixed price
→
Buyer pays the seller directly via PayPal or Stripe
→
MySlabs keeps a 2% seller fee
02The numbers
$389KFiledFY2023 revenue (SEC)
2023-12-31source:
$389,341
GMV is value traded by sellers, not MySlabs revenue. SEC C-AR
FY2023 $389K, down from $572K in 2022 (SEC); about $80M GMV since 2021.
🔒
You have the verdict. Members get the work behind it.
- The CENTS scorecard — where it's strong, where it's soft
- The founder's key move, and the counter-move
- How it could die — the evidence, and how sure we are
- The case against our own call
- A 🚀 launchpad prompt — the case, as a plan for your business
We rate our own confidence — and argue against ourselves. Nobody else in this category does.
Sources always public on all 518 cases · cancel anytime · 14-day refund
See a full teardown, free → Transistor.fmSourcesSources last checked 30 July 2026
SEC Form C-AR - FY2023 revenue $389,341, net loss $229,752 (filed Apr 2024).SEC Form C - FY2022 revenue $572,376, FY2021 $483,216.Republic - MySlabs - about $80M seller GMV and about 70,000 users since 2021.OnlyGreats review - 2% slab / 3% raw seller fees vs eBay about 13%, Goldin 22%.Mint Condition - founded 2018, boom then post-2021 volume slowdown.
Revenue is FILED: MySlabs, Inc.'s SEC Form C-AR (Reg CF annual report, filed 2024-04-29) reports FY2023 revenue of $389,341 and a $229,752 net loss; the earlier Form C reports FY2022 $572,376 and FY2021 $483,216 - so revenue peaked in 2022 and fell in 2023. The about $80M GMV and about 70,000 users are the company's own figures from its Republic raise (STATED); GMV is value traded by sellers, not MySlabs revenue. Bootstrapped with an asterisk: self-funded 2018-2023, then a small Reg CF/Reg D raise on Republic (not VC). Fee model (2% slabs, 3% raw) confirmed on myslabs.com and an independent review. CEO Ken Rodgers, co-founders Matt Greaney and Emilio Masci. Founding year 2018 per Mint Condition (some sources say 2019). verified:true (first-party SEC filing). Included as an honest teardown of large GMV traction on unproven unit economics, not a clean growth story. We never score you.