To Steven Schwartz, the side hustle was a necessity: He wanted rare Nike Kobe 7 Easter shoes, and his parents wouldn't pay for them.
The company takes between 3% and 4.5% plus 40 cents of most transactions, and 30% of transactions made by featured sellers, Instead, the kids built and sold sneaker bots for anywhere from $20 to $500 each, Schwartz says. Zoub bought a Tesla Model S with the earnings, and eventually dropped out of high school to pursue full-time software work, Schwartz says.
Schwartz estimates he and Zoub created more than 20 companies together, and another three with Sharkey, but they mostly fell flat.
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