It all started when James Reinhart, a newly graduate from Harvard Business School, had an idea on an online clothing exchange for women and kids. This 30-year old graduate started with a Zipcar and he would drive down to San Francisco– the venture capital hot spot with his sale pitch at hand. However, like the rest of the startup businesses, the beginning of this journey is not easy, he got shot down 27 times. At one meeting, one of the business owner laughed at his idea and asked if his idea was asking women to swap their panties. That was 6 years ago, but just last month, Reinhart has already successfully raised more than $131 million dollars for his secondhand fashion marketplace– ThredUp.
ThredUp can be seen as a consignment store that fills the weak spot for Amazon and even the resale leader eBay. You can browse through thousands of like-new clothing items that are hand picked by the staffs, the majority of which are up t0 90% off. On the other side, if you want to clean your closet, you can simply fill up the a ThredUp bag with your unwanted clothes, put it on your doorstep, and let ThredUp worries about the rest. They will cover shipping, and pay for every item they can sell. Their mission is to relieve the recycling guilt by helping consumers like yo to lighten your family’s carbon-footprint with every order!