Episode description

In this episode, I was lucky enough to interview Ted Mann, the CEO and co-founder of CollX, a platform designed to help collectors determine the value of their trading cards.

Ted shares how the idea for CollX was inspired by his son’s interest in Pokémon cards and the difficulty in assessing their value. He explains that the platform utilizes advanced technology, such as visual search, to allow users to take pictures of their cards and instantly get value estimates. This innovation addresses a common problem among collectors who often feel at a disadvantage without accurate pricing information. Ted also mentions the app’s evolution and its success in attracting a significant user base, noting that CollX has grown to include a variety of functionalities like buying, selling, and building collections.

Ted discusses the broader card collecting industry, noting its substantial and growing market, with a secondary market worth about $5 billion and approximately 85 million American adults involved in card collecting. He highlights the app’s success, with around 2 million users actively adding their cards to the platform. Ted also delves into CollX's monetization strategies, including marketplace commissions and subscription services like CollX Pro, which offers additional features for power users and professional sellers.

Join us as Ted shares his background and prior ventures, illustrating his longstanding passion for using technology to solve real-world problems in this exciting episode of The First Customer!

Guest Info:
CollX
https://collx.app

Ted Mann's LinkedIn
https://www.linkedin.com/in/tedmann/

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https://www.linkedin.com/in/jayaigner/
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