Friday, October 16, 2009
Genotrope Record: thredUP
Funding Status: Seed
Founders Backgrounds: Microsoft, Foley Hoag,
Industry: Consumer Web
Offering Description: We did some real thinking and figured out this whole idea of more efficient exchange makes a lot of sense for two reasons. First, most people bore easily, clothes included; second, buying stylish new clothes on a regular basis is expensive. So we thought it would be cool if you could exchange the clothes that you were bored of (old to you) for new ones (new to you). Thats really it: out with old to you, in with new to you. Then we got all fancy with being a personal shopper and a refresh button and starting a closet revolution. No matter what we call it, its the same great experience.