![]() ![]() ![]() How did you come up with the idea for ThredUp? Get rid of those shirts you don’t wear and get ones you will. If you have good looking shirts in your closet you don’t wear, you should just ThredUp. We’ve started a pilot for Mens Long Sleeve Button-Down Shirts in the $70-$90 range (Brooks Brothers, J. I say probably, because you don’t get to pick the exact item you get, but you get to pick the parameters of that item. All you do is pick out those clothes you don’t wear anymore, buy some ThredUp envelopes from us, define what you’d like in return (brand, sizes, colors, etc) and then exchange until your heart’s content. ThredUp helps you exchange these clothes with other members in a super-easy, super-efficient way using the US Postal Service. It’s not that these clothes aren’t still great, we as consumers are just over them. What do you mean probably? How does the service work?Įverybody’s got clothes in their closet in perfectly good shape that they don’t wear anymore. It is the easy and inexpensive way to refresh your closet by getting rid of great clothes you don’t wear anymore in exchange for great clothes you probably will. ThredUp is the first peer-to-peer online clothing share ever. Is James set to revolutionize the way people think about their wardrobes? Find out for yourself by signing up at What is ThredUp? Inspired by the Harbus’ recent issue dedicated to addressing whether now is a good time to be an entrepreneur, I sat down with EC student James Reinhart (OD) to learn about the his clothing startup, ThredUp, and to hear about the challenges of launching a company while at HBS. The current business model isn’t viable in the long-term.EC student’s recently launched clothing start-up brings change to your closet. I love that Thredup is helping to recycle clothing, but they need to figure out how to do it in a more seller-friendly way or they will eventually put themselves out of business. And yes, 100% - I should have paid more attention to the fine print - but most of us don’t, and the business model should do more to make sure people understand ALL the downsides before listing, especially when they pay extra to have their items returned (as that applies only for items that Thredup doesn’t want to sell - if they agree to sell your item, and it doesn’t sell, it will cost you $5.99 per item to send it back to you). They responded in a timely way, but declined to answer my question because the item had already sold. When I inquired, I ultimately never got an answer to my question. ![]() One of my items was marked down in condition after it was returned (!!!). Oh, and buyers on Thredup can keep (and possibly wear) your items for 14 days and then return for a refund minus a re-stocking fee. I could have listed it for half that price on Poshmark and still received a better pay-out. Case in point - I sold a Missoni top for $50.99 and got back $16. Unless your items will sell for more than $100, you will get next to nothing back for your clothes on Thredup. Coincidentally, Thredup is affiliated with a website called where everything sells for $6.99. I sent a large box of 18 items, paid $30 to have it expedited, and now I’m being told that I have to pay a $5.99 fee EACH to get my items back that didn’t sell. Unless you have very expensive items, you are 500% better off taking the 10 minutes to sell your items on Poshmark or a similar website. ![]()
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