Even In The iPhone Age, Funko's Fast-Moving Toy Business Is Thriving

  • 📰 Forbes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

That approach appeals to Cliff Su, the portfolio manager at Vulcan who is overseeing the firm’s investment in Funko. Su thinks of the company not as a toy maker or even as a manufacturer.

As with a nascent Lego or Disney, he says, Funko’s real value is in its intellectual property—for instance the simplified features and big pupil-less eyes of most Pop! figures—which can be adapted to movies, TV shows, games, clothing, accessories, housewares, etc., ad infinitum. According to Su, Funko “is a content play.”Funko was born in a garage in Snohomish, Washington, in 1998.

One of his early customers was Brian Mariotti, a former Washington restaurant and nightclub manager who as a high school kid had amassed a collection of Pez dispensers large enough to partially fund the down payment on his first house. By the early 2000s, the relentlessly energetic and positive Mariotti was trying to reinvent himself as an online marketer when he and his wife visited Universal Studios and a Flintstones bobblehead caught his eye.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

😍

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines