Word: thredup
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Dates: during 2010-2010
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...company called ThredUP thinks it has the answer. Inspired by the idea that one person’s trash is another person’s treasure, ThredUP has set up an online clothing exchange system that it hopes will soon gain a large following. Part of the appeal might be the site’s simplicity: sign up online, choose a box that looks interesting, and then post a description of your own box of old clothes—you only pay the $13 shipping fee, and then you get the new box even if yours hasn?...
James G. Reinhart, one of the founders and a recent graduate of the Harvard Business School, explains that despite the simplicity of the concept, his time at HBS has given him crucial experience for building ThredUP. “I think being in business school for a couple of years, being surrounded by great classmates, was really helpful in thinking through the bigger issues of the company,” he said...
Currently, the brains at ThredUP are working on extending the services to military personnel. Who knows? Your sequins might just end up in Afghanistan sometime soon...
...find in their new box. “Chances are, if you throw everything in the middle and reshuffle it, people are going to end up with stuff that they really like simply because it is new to them,” he said. In addition to adult clothing, ThredUP also has a kid’s section, and Carly N. Fauth, the official “Chief Mom” at ThredUP, emphasizes how this might soon become one of the strongest elements of ThredUP. “It is a great idea because kids outgrow their clothes...
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