This Gen Z startup raised US$41.5mil as the ‘anti-Facebook’

Fizz founders Cofer and Solomon met at Stanford. — Fizz/The New York Times

Teddy Solomon knew he was onto something when he visited a Palo Alto shop to return his bike at the end of a school year at Stanford. Trying to make a couple bucks off his beat-up two-wheeler, Solomon was surprisingly turned away from the shop.

“They basically told me straight up, ‘Go onto Fizz to sell your bike’,” Solomon recalled. “You’re gonna get a much better value for it. We will scam you here because everyone is trying to sell their bikes,” they told him.