inc.com

Warehouse woes only compounded an already dire situation: Joymode has struggled to build its customer base post-Series A, which Fernandez believes has scared off potential investors: "It's like you can feel their allergic reaction," he says, adding that WeWork's bungled August 2019 IPO hasn't helped him make his case. But WeWork may be a symptom ra... See more

At its height in 2018, Joymode catered to as many as 10,000 monthly customers. Subscribers paid between $22 and $29 a month, while à la carte customers paid a fee equal to 10 percent of an item's retail price. Each week, Joymode processed more than 30,000 rental products through its warehouse, and during the summers--its busiest season--took in as ... See more