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Thredup
thredUP is a fashion resale website for consumers to buy and sell secondhand clothing online. thredUP is part of a larger Collaborative Consumption movement, which encourages consumers to live in a more collective, sharing economy.〔http://www.economist.com/node/17249322?story_id=17249322&fsrc=rss〕〔http://www.fastcompany.com/3007770/when-it-comes-sharing-startups-airbnb-model-doesnt-work-everyone=rss〕 Other U.S. companies in the recommerce industry〔http://schedule.sxsw.com/2013/events/event_IAP1294=rss〕〔http://www.xconomy.com/boston/2013/10/22/gazelle-apple-amazon-future-recommerce=rss〕 with thredUP include Gazelle, uSell, Nextworth, and The RealReal. thredUP is advised by current Netflix CEO Reed Hastings and former eBay CEO, Brian Swette. Trinity Ventures, Redpoint Ventures and Highland Capital Partners have invested in the company.
==History==
In early 2009, James Reinhart, Chris Homer, and Oliver Lubin co-founded thredUP in Cambridge, Massachusetts, testing a stealth pilot for peer-to-peer online sharing of men’s dress shirts,〔 and in September 2009, they launched their first official product focused on swapping men’s and women’s clothes.〔 Due to underperformance in the men & women demographics, thredUP pivoted towards children’s clothing in April 2010.〔 This pivot resulted in greater growth, which attracted the attention of the venture capital community.〔
In July 2010, they raised $1.4mm led by Trinity Ventures,〔 relocated to San Francisco in September 2010, and then raised an additional $7mm led by Redpoint Ventures in May 2011.〔 In March 2012, thredUP shut down its kids clothes swapping service in favor of online kids’ clothing consignment. Subsequently, they raised another $14.5mm in October 2012, allowing them to enter the juniors consignment market in January 2013, women’s clothing consignment in April 2013, high-end fashion consignment in April 2014 with their X Collection, and women’s handbag consignment in May 2014.〔(【引用サイトリンク】url=http://www.businesswire.com/news/home/20140505005546/en/thredUP-Adds-Handbags-Women%E2%80%99s-Shopping-Experience#.VA-thmSwJKV )〕 In July of 2014, thredUP received another $23mm of funding but has not yet commented on their plans for this series of funding.
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