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- FuncoLand was an American video game retailer based in Eden Prairie, Minnesota, that specialized in selling new and used video game software. It is considered the first major video game retailer to allow consumers to sell and trade used video games.
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Mar 29, 2018 · 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. In fact, he was running at a deficit to get the thing off the ground.
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Jun 13, 2014 · Fast forward to present day and these cartridges routinely sell on ebay for around $5. Had I purchased 1,000 cartridges at 9 cents a piece, I would have paid $90 and could sell them for $5,000. Over 15 years that’s a 30% annualized return. Ahhh the missed opportunity of not buying up all of Funcoland’s merchandise. The Death of Funcoland:
When FuncoLand started selling shares, they were available for $5 per share. At the beginning of December, the price went up to $7.75, and by the end of the year, it had climbed to $9.50. Just a week after the company’s stock closed out at $9.50, it rose again to $12.
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.
FuncoLand was an American video game retailer based in Eden Prairie, Minnesota, that specialized in selling new and used video game software. It is considered the first major video game retailer to allow consumers to sell and trade used video games.
