Poshmark started seven years ago as a way for women to make money off-loading extra items from their closets—an eBay for used clothing. With online retail growing about $4 billion every quarter, Chandra thinks he’s finally timed his idea of building a social shopping network right. But real social shopping would have to await the mass adoption of social networks. While ThredUp and the ­RealReal handled the pricing and selling, Poshmark went the eBay route, letting individuals do the selling. The 39-year-old from Gainesville, Texas, started selling her used clothes on the app in December 2012.

Source: Forbes December 14, 2018 10:52 UTC