Move Loot

Move Loot
Private
Industry E-commerce, Furniture, Retail
Founded 2013
Founders Bill Bobbitt (CEO), Jenny Morrill (CMO), Ryan Smith (CTO), and Shruti Shah (COO
Defunct July 2016 (2016-07)
Headquarters San Francisco, CA
Areas served
 San Francisco Bay Area, Raleigh-Durham, NC, Charlotte, NC, Atlanta, GA, New York, NY, and Los Angeles, CA
Website www.moveloot.com

Move Loot was a company and online marketplace for the buying and selling of secondhand (used) furniture.[1] Move Loot was headquartered in San Francisco, CA.[2] Move Loot served the following markets: San Francisco Bay Area, New York, New York, Los Angeles, California, Raleigh, North Carolina, Durham, North Carolina, Charlotte, North Carolina and Atlanta, Georgia.[3]

Overview

Users submitted photos of their goods online for appraisal, and the company then managed aspects of the selling, shipping and installation process.[4] The company assessed furniture prior to posting it, and had minimum standards for style and quality.[1] Move Loot earned 50% of the selling price when items were sold.[1] Part of the company's business paradigm was for less furniture to be sent to landfills and to increase the length of time furniture was used.[5]

History

Move Loot was founded by Bill Bobbitt (CEO), Jenny Morrill (CMO), Ryan Smith (CTO), and Shruti Shah (Head of Expansion).[6] It ceased operations in July 2016.[7]

Funding and strategic partners

Move Loot was backed by First Round Capital, Index Ventures, Google Ventures, Metamorphic Ventures, and others.[8] As of November 2015, Move Loot had received $21.8 M in funding[9]

References

  1. 1 2 3 "This Company Takes The Hassle Out Of Buying And Selling Second-Hand Furniture". Fast Co. Exist. Retrieved 11 December 2015.
  2. ↑ "Couch Wars: The Startup Trying to Corner the Used Furniture Market". Bloomberg. Retrieved 6 November 2015.
  3. ↑ "Move Loot launching e-commerce outlet for furniture retailers". Furniture Today. Retrieved 12 November 2015.
  4. ↑ "If you're sick of buying furniture from IKEA and selling it on Craigslist, this startup wants to help". Business Insider Australia. Retrieved 12 November 2015.
  5. ↑ Luppi, Kathleen (January 1, 2016). "Have a couch you want to get rid of?". Los Angeles Times. Retrieved January 4, 2016.
  6. ↑ "Move Loot co-founders power start-up's growth". Cincinnati Enquirer. Retrieved 12 November 2015.
  7. ↑ "Move Loot". www.moveloot.com. Retrieved 2016-08-02. We're sorry to announce that as of today the Move Loot marketplace is coming to an end and we have ceased operations.
  8. ↑ "Move Loot Raises A $2.8M Seed Round To Expand Its Online Furniture Consignment Store". Retrieved 12 November 2015.
  9. ↑ "Move Loot $12.32 million Fundraising. William Bobbitt Filed Jul 17 SEC Form". Retrieved 12 November 2015.

External links

This article is issued from Wikipedia - version of the 8/3/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.