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Mayfield, Menlo Ventures and GGV Capital are the three VC firms who were first to back Poshmark and now hold the biggest stakes.
Poshmark had a spectacular debut as a public company Thursday. Its share price soared 150% to $97.50/share, so their stakes are worth between $500 million and $1.7 billion apiece, and collectively over $3 billion.
They first heard the idea for Poshmark through breakfast at a Cupertino chain restaurant, attending a community center fashion show, and belonging to an Indian American social club.
Three of Poshmark s top VCs tell Insider about the first pitch, and what impressed them.