Episode 2 of The Eric Ries Show drops today! My guest is James Reinhart, founder of the second-hand resale platform ThredUp. James started out as a teacher, an experience that made him sure he wanted to make a positive impact on the world just as much as he wanted to build a successful business.
ThredUp checks both boxes. It's changing the way people think about filling (and emptying) their closets -- its mission is "to inspire the world to think secondhand first" -- and it also generated $80 million in revenue in the first quarter of this year.
In our conversation, we covered this duality from a number of perspectives, including the company culture that makes it possible, the importance of choosing the right investors, why an ambitious mission brings many advantages, what it was like to go public, and why more people should be thinking about purpose and profit as complementary rather than at odds with each other.
As James put it, "intrinsically good businesses are good for bottom lines and good for the world."
Listen today 👇
- YouTube: https://lnkd.in/gmyqPMrd
- Spotify: https://lnkd.in/gS8C_-Xh
- Apple: https://lnkd.in/gXpFdxtq
And a very special thank you to our sponsors:
Mercury
DigitalOcean
Neo4j
Such an exciting milestone! Momentum is indeed key for driving change in the fashion industry 🌍 -Investing in sustainable practices not only benefits the planet but also our future economies!