Move Loot

Move Loot
Company typePrivate
IndustryE-commerce, Furniture, Retail
Founded2013
FoundersBill Bobbitt (CEO)
Jenny Morrill (CMO)
Ryan Smith (CTO) and
Shruti Shah (COO)
DefunctJuly 2016 (2016-07)
HeadquartersSan Francisco, CA
Areas served
San Francisco Bay Area
Raleigh-Durham, NC
Charlotte, NC
Atlanta, GA
New York, NY
Los Angeles, CA
Websitewww.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]

History

Move Loot was founded by Bill Bobbitt (CEO), Jenny Morrill (CMO), Ryan Smith (CTO), and Shruti Shah (COO).[4] It launched in 2013. By October 2015, the service had 12 partnering retailers, 150 movers, and 100,000 users.[5]

Move Loot was backed by First Round Capital, Index Ventures, Google Ventures, Metamorphic Ventures, and others.[6] As of November 2015, Move Loot had received $21.8 M in funding.[7] It ceased operations in July 2016.[8]

Process

Users submitted photos of their goods online for appraisal, and the company then managed aspects of the selling, shipping and installation process.[9] 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.[10]

See also

References

  1. ^ a b c "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.com. Bloomberg. 18 June 2015. Retrieved 6 November 2015.
  3. ^ "Move Loot launching e-commerce outlet for furniture retailers". Furniture Today. 15 October 2015. Retrieved 12 November 2015.
  4. ^ "Move Loot co-founders power start-up's growth". Cincinnati Enquirer. Retrieved 12 November 2015.
  5. ^ "Move Loot launching e-commerce outlet for furniture retailers". Furniture Today. 2015-10-15. Retrieved 2022-07-17.
  6. ^ "Move Loot Raises A $2.8M Seed Round To Expand Its Online Furniture Consignment Store". 9 June 2014. Retrieved 12 November 2015.
  7. ^ "Move Loot $12.32 million Fundraising. William Bobbitt Filed Jul 17 SEC Form". Retrieved 12 November 2015.
  8. ^ "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.
  9. ^ "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.
  10. ^ Luppi, Kathleen (January 1, 2016). "Have a couch you want to get rid of?". Los Angeles Times. Retrieved January 4, 2016.