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Mar 29, 2018 · The FuncoLand website, circa 1998. (via Internet Archive) The story of FuncoLand is the story of a guy who pulled a success story out of a corporate bankruptcy. David Pomije, the Minnesota-based founder of Funco, didn’t have things easy when he launched his budding used video game empire.
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Who Started FuncoLand? FuncoLand was started by a man named David R Pomije. In 1985, Pomije was running a company named Protectronics which started off selling Commodore 64 computers but would switch to video games when the Commodore market stopped being profitable on its own.
The first two FuncoLand retail stores opened in late 1990 and brought in $200,000 in sales by the end of the year. Funco, Inc. had grown from a family enterprise to a 40-employee operation in its first two years. Funco managed its inventory by balancing the buy and sell prices of the used games.
In the spring of 2000 it entered into a bidding war with Electronic Boutique Holdings over Funco, Inc., operator of about 400 FuncoLand video and computer games stores, mainly located in strip malls, with revenues for the fiscal year ending in March 1999 of $206.7 million.
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The chain's parent company Funco Inc. was established in the home of David R. Pomije in 1988, initially as a leaser of video games to video stores, and then as a mail-order business specializing in used video games.
A few years later, practically every suburb had one. Brings back memories! Worked at Funcoland in high school. Was a sorta fun job, but ultimately it was retail and had all the pros and cons of that. It was best when Barnes and Noble bought them because they upped the discount on new games.
