Co-Founder & CEO of Teleport. Writer of Goodwill Hunting, a newsletter hunting the best pre-loved fashion finds, insights, and jobs. 11+ years of buying no new clothes.
Consumers are adopting resale to:1. Save money 2. Afford higher-end brands 3. Find one-of-a-kind items
1⃣ "Users love you."
This shines through via retention. What type of retention and what "great" looks like differs by biz model.
For social I look at bounded daily (ex. d30), while for subscription I look at m13 renewal. Data on this for marketplaces: https://t.co/rm8UalcVpe
“Nouveau riche” industrialists began to buy their way into high society, and existing aristocratic elites, battling economic upheaval, were unable to guard against this pecuniary emulation.
✍️ updated weekly review:
· in what ways am I lying to myself?
· in what ways do I feel free/not free?
· am I getting closer to freedom?
· what are the things I say I value but don't act as if I value?