Buying and selling used goods just got easy, thanks to companies that use tech to make what used to be a complicated transaction simple. We meet the head of Move Loot, ThredUp and Shift, second hand companies that make buying goods just a click away.
Couch Wars: The Startup Trying to Corner the Used-Furniture Market
In the race to disrupt Craigslist’s saggy-sofa trade, a little startup called Move Loot just took a big step. On Thursday morning, the company began connecting used-furniture sellers with buyers in Los Angeles and New York, linking an untold pile of weathered coffee tables and creaky dressers with the operations it already has in Atlanta, Charlotte, Raleigh-Durham, N.C., and around its Oakland (Calif.) headquarters. Basically, Move Loot is a consignment shop mashed up with a Web store like Etsy and a delivery service like UPS. It has about 100 employees that will pick up old furniture, give it light refurbishment, list it online, and deliver it to a buyer. The seller gets 50 percent of the sale price and doesn’t have to create an online profile, worry about shipping, or even snap a series of fuzzy photos in terrible lighting.
A Simple Model for Making Real Money Off Used Clothing and Other Goods
We buy a lot of things. We throw away a lot of things. In honor of Earth Day, let's celebrate the fact that the secondary goods market is getting an upgrade. Whether inspired by shopping at a discount or conserving resources, startups and consumers across the country are turning a frustrating and fragmented ordeal into a simple and satisfying way to buy and sell quality used goods time and time again. In this evaluation, we dig into: Why a secondary goods market is important to economic growth What it means to redefine "ownership" Problems behind buying and selling used through current means Solutions being tested by startups in the clothing, furniture, and automobile sectors
MoveLoot Raises $9M Series A to Expand Marketplace
Move Loot, which calls itself “the first curated, full-service online marketplace for second-hand home goods,” announced $9 million in new early stage funding Tuesday. The round is led by Metamorphic Ventures, and includes First Round Capital, Index Ventures, Great Oaks, IDG and Sherpa Ventures. The company, which serves the Bay Area and parts of North Carolina, is a 2014 Y Combinator graduate and plans to use the money to expand to other regions.