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When the iPhone 4 was released in 2010, Manish Chandra was dazzled by its picture quality, and saw an opportunity for a new type of mobile marketplace. A year later, he and three co-founders launched Poshmark, a shopping app for second-hand clothes and accessories, meant to capture the feel of going thrifting with your friends. The online community grew quickly and vocally—when Poshmark raised shipping fees, users lobbied furiously to lower them, and won. The company faced many more growing pains before being acquired by the Naver Corporation for $1.2 billion in 2023. It now has over 100 million registered users around the world.This episode was produced by Sam Paulson with music composed by Ramtin Arablouei.It was edited by Neva Grant with research help from Katherine Sypher.Our engineers were Robert Rodriguez and Josh Newell.You can follow HIBT on Twitter & Instagram, and email us at hibt@id.wondery.com.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This Week in Startups is brought to you by… Embroker. The Embroker Startup Insurance Program helps startups secure the most important types of insurance at a lower cost and with less hassle. Save up to 20% off of traditional insurance today at Embroker.com/twist. While you're there, get an extra 10% off using offer code TWIST. .Tech domains are the go-to namespace to build anything in tech… and home to the world's most innovative startups. Secure your .Tech domain today and lock down a 1-year domain for $10, or a 5-year domain for $50 at https://go.tech/TWIST today! Plunge. Go to https://plunge.com and use code twist150 for $150 off your cold plunge tub. * Today's show: Poshmark CEO Manish Chandra joins Jason to discuss the expansion of the “Circular Economy” (2:47), consumer-to-consumer shopping (18:30), building a community with Poshmark (32:59), and much more! * Time stamps: (0:00) Poshmark CEO Manish Chandra joins Jason (2:47) The expansion of the "Circular Economy" and what drives consumers towards Poshmark (6:31) The most popular shopping categories and Poshmark's day one vision (11:51) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist (13:20) Impact of the fast fashion movement (20:56) Global shipping and areas for optimization (24:38) Poshmark introducing live shows (27:04) .Tech Domains - Apply to get your startup featured on This Week in Startups at https://startups.tech/jason (28:12) The social shopping space (32:59) Important factors in building a community (37:52) Plunge - Go to https://plunge.com and use code twist150 for $150 off (39:20) Lessons learned from Manish's entrepreneurial journey * FOLLOW Manish: https://twitter.com/marrc * Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four Apply for Funding: https://www.launch.co/apply Buy ANGEL: https://www.angelthebook.com Great recent interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt Check out Jason's suite of newsletters: https://substack.com/@calacanis * Follow Jason: Twitter: https://twitter.com/jason Instagram: https://www.instagram.com/jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin * Subscribe to the Founder University Podcast: https://www.founder.university/podcast
“Where you stand, be the soul of that place.” This Rumi quote always reminds me of Manish Chandra. He's not only the soul of every place he's in. He illuminates the soul of every person he meets, as a father, friend, and the founder of Poshmark. Manish is an incredible teacher who I'm honored to call my friend. I was thankful to explore the spirit he embodies in today's episode — One of love and connection, gratitude and perspective. I've returned to his words on adaptability over the last few months… “Adaptability is, given a set of situations, instead of resisting it, you embrace and surrender to it. Then, figure out: How do you succeed in that situation? How do you adapt? There's always a winning strategy. If you approach it with that possibility, first of all, it's hopeful, right? It's optimism. It means that you can succeed. Second, by not resisting the circumstances, you take the time to understand the circumstances. Third, life is a series of these episodes. So, you can apply your learnings to different circumstances and grow in various ways. All of these things are amazing byproducts of first accepting the circumstance, then adapting, then succeeding.” I'm thankful to close our Inspiring Hope series with Manish's wisdom. In illuminating our agency, he reminds us that hope is always possible.
The best piece of the week was @Joel Makower's, “How to Greenwash Like a Pro.” It's worth a read. While it is satire, Joel's larger points play out across the resale news this week. We are witnessing an industry that continues to accelerate around a customer shift to buying used, look no further than the Poshmark deal. This in turn creates a competitive environment with independent marketplaces, as seen in @Forbes “Battle Of Luxury Resale Business Models.” All of this places more pressure on brands to protect their brand equity and own their customers' experience. It's also a good reminder that jumping on the circular bandwagon with marketing isn't a substitution for required innovation. Let's start with the Poshmark deal. Bloomberg covered the Poshmark acquisition by Naver, a leading South Korean e-comm platform. I see this as a win for @Manish_Chandra, a pioneer in the resale space, and Poshmark's investors and the industry. The deal priced POSH at 3.4X their 2022 revenue, a 34% premium to the past 30-day volume-weighted trading average and ahead of more asset-heavy competitors.Other public resale companies such as The Real Real (TRR) and Thredup stock prices were up following the announcement as @Olivia Rockeman points out in her Bloomberg article as an indication of additional M&A activity. While that would surprise me, I view this as opportunistic rather than industry maturity and consolidation. The competition will continue to heat up as more independent retailers such as Vestaire, StockX, and even Goodwill were in the news. As the Sourcing Journal covered, StockX expansion into additional luxury categories will set up more direct competition with The RealReal and Vestaire.Forbes published a piece on Reflant vs The RealReal. The column rightly pointed out that brands supported by B2B players such as Reflaunt will add pressure to Independent marketplaces such as The RealReal. These marketplaces trade on premium brands with little to no value back to the brand. Where I found the article a bit off, was in the competitive match-up as players such as StockX and Vestiaire are far more competitive for The RealReal than Reflant, at least today.Goodwill joins the premium resale market along with brands such as Gucci, Hermes, and Louis Vuitton. I don't view this as true competition for these competitive independent marketplaces such as StockX as Goodwill lacks the investment in areas such as SEO and dynamic pricing necessary to truly compete here. Goodwill's announcement of the program targets its aim, “to provide professional training, job placement, youth mentorship, and more to local communities.” This is what Goodwill does best and I believe this move will create more opportunities for them here. It will also create additional places for branded products to show up, making resale innovation and strategy more important for brands.Jimmy Choo, Sando, and DÔEN all launched resale programs. Jimmy Choo launched as a ‘partnership' with The RealReal which similar to other deals with independent marketplaces is more of a marketing partnership. Brands may gain traffic and earned media but in the end, they are not building a more circular model to stay in touch and own their customer experience.French brands, Sando and DÔEN launched as branded experiences with B2B providers, Archive and Treet respectively. Sando's storefront experience is appealing, although as with other recent launches the inventory is a bit sparse (about 75 items listed). The challenge with low inventory is first-time customers won't likely find relevant items and may not quickly return. Ideally, inventory for resale will continue to come from customers via accessible programs such as mail-in and trade-in programs. The DÔEN experience was high-end and as WWD pointed out, certainly wins the ‘best pun award' titled, ‘Hand Me Dôen.' The DÔEN experience was not as clear in terms of how the program works but it appears the program is starting with always on trade-in and pop-up flash sales.Resale activity continues to intensify, as there will only be room for a few independent marketplace winners. This makes it more important for brands to have a resale strategy and plan that protects their brand equity and allows them to monetize the full value of the items they design and produce. Some of the programs we saw this week are intermediate steps but fall short of the innovation we need to shift the model–maybe they had an early draft of Joel's article.The So What:-Brands face more headwinds as competition intensifies within the independent resale marketplaces as more of their product will show up for sale in more places-Don't confuse marketing activity with innovation that ultimately is necessary to service a new way customers are shopping for preloved itemsSubscribe to The Resale Edit at www.trove.com/blog
“If we have no peace, it is because we have forgotten that we belong to each other.” — Mother Teresa Today, we're beginning a new mini-series, Inspiring Hope: A collection of five conversations with admired chefs, activists, and leaders about how they design lives of meaning and impact. Each episode will explore a question that helps us do so. Through answering them, our guests awaken us to the hope that thrives within and between us. Here's who we're fortunate to hear from... Dr. Tarika Barrett, CEO of Girls Who Code Pati Jinich, Chef, Cookbook Author, and TV Host Justine Lucas, Executive Director of The Clara Lionel Foundation Rebecca Minkoff, Founder of her namesake brand and Co-founder of The Female Founder Collective Manish Chandra, CEO and Founder of Poshmark We're kicking off with a perspective from each guest on how we can grow closer to ourselves and each other. I hope they deepen your relationships as they have mine.
With Poshmark's recent announcement that they are collaborating with Snap to bring social shopping to Snapchat, we revisit a 2017 episode recorded on location at shoptalk in Las Vegas, with a look at social and participatory fashion commerce mobile and online with Poshmark. Manish Chandra (Founder and CEO) and Tracy Sun (Co-Founder, VP of Merchandising & Strategic Initiatives) for Poshmark (a mobile and online marketplace for primarily women's fashion), join Pavan Bahl, Marc Raco, and guest host Liz Bacelar to talk seller/stylists, connecting to fashion pieces, and participatory commerce, being everywhere, consumers as sellers, and the heart of Poshmark, and discipline, what might be next, and grit and gut. See omnystudio.com/listener for privacy information.
Growing up in Nepal, Manish was exposed to Ayurveda from an early age, creating a foundation for his deep connection to this time-tested medical system. He combines the traditional system of Ayurveda with modern biological system's approach to health and healing. Manish is the founder of Santa Cruz Ayurveda, and a board-certified Ayurvedic Doctor by the National Ayurvedic Medical Association, USA. He has been in clinical practice for 9 years and earned his master's degree from Mount Madonna Institute, College of Ayurveda in 2012. His signature Gut Healing Protocol, which is intended to heal the community one gut at a time, integrates yoga and pranayama based on his dedicated studentship of Yoga and Ayurveda for a holistic result. Monthly workshops on Ayurveda and Ayurvedic Cooking are a local favorite with many participants joining every month. Ayurvedic Massage (Abhyanga) is offered by his team as a complement to his consultations and programs. Learn more about Manish and Santa Cruz Ayurveda by visiting www.SantaCruzAyurveda.com Instagram: @scayurveda Facebook: @SantaCruzAyurveda Have a podcast topic suggestion for upcoming episodes? Email me at kate@holistichealthcollab.com If you want to connect to others on the health and wellness journey or if you want a safe space to learn more about holistic health and the different modalities, come join our Facebook group at Empowered Health: Connection and Community through Holistic Health Want to get general hints and tips about your health? Head on over to Instagram and follow @holistichealthcollab
What is the role of community in building companies? Poshmark, co-founded by CEO Manish Chandra, is a leading social marketplace which has grown because of the loyalty of its seller stylist community. In this episode, Manish shares Poshmark’s principles of community building, and how living by their community has allowed them to become a category leader. He also discusses the importance of diversity - including diverse educational backgrounds - to help build lasting companies.
Really enjoyed this chat with Manish, not just because we have the same favourite book either ;)
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.We have something a bit different for you this week. Equity co-host Kate Clark recently sat down with Manish Chandra, the co-founder and chief executive officer of Poshmark, and one of his earliest investors, NFX managing partner James Currier.If you haven't heard of Poshmark, it's an online platform for buying and selling clothes. Basically, it's the thrift shop of the 21st century. We asked Chandra how he and co-founders Tracy Sun, Gautam Golwala and Chetan Pungaliya cooked up the idea for Poshmark, what bumps they faced along the way, how they raised venture capital and, of course, what details of their upcoming initial public offering he could share with us. Meanwhile, Currier dished about the company's early days, when the Poshmark team worked hard on the floor of Currier's office.Unfortunately, neither Chandra or Currier were willing to share deets about Poshmark's IPO, reportedly expected soon. But they both shared interesting insights into building a successful venture-backed company, battling competition and putting your best foot forward.Glad you guys came back for another episode, we'll see you soon.
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.We have something a bit different for you this week. Equity co-host Kate Clark recently sat down with Manish Chandra, the co-founder and chief executive officer of Poshmark, and one of his earliest investors, NFX managing partner James Currier.If you haven't heard of Poshmark, it's an online platform for buying and selling clothes. Basically, it's the thrift shop of the 21st century. We asked Chandra how he and co-founders Tracy Sun, Gautam Golwala and Chetan Pungaliya cooked up the idea for Poshmark, what bumps they faced along the way, how they raised venture capital and, of course, what details of their upcoming initial public offering he could share with us. Meanwhile, Currier dished about the company's early days, when the Poshmark team worked hard on the floor of Currier's office.Unfortunately, neither Chandra or Currier were willing to share deets about Poshmark's IPO, reportedly expected soon. But they both shared interesting insights into building a successful venture-backed company, battling competition and putting your best foot forward.Glad you guys came back for another episode, we'll see you soon.
For the last 15 years, Manish Chandra has motivated pivotal shifts in how and where we buy things. Manish is the CEO of Poshmark, a social marketplace for people to buy and sell secondhand fashion and home goods. Long before founding Poshmark, he was creating social shopping experiences online. An engineer and marketer by trade, he believes in connecting community and technology, with people at the platform’s core. Community guides all the decisions that he makes for his company. On this episode, Manish talks about the logistics of online consumer-to-consumer resale (7:39). He shares how Poshmark negotiated PoshPost, the first-ever USPS shipping label designed for the marketplace economy (9:19). Most ecommerce plays start on the web and then move to mobile — Poshmark bet on an iPhone app first. Hear how they design their app as the expectations for selling pre-owned items evolve (12:21). He talks about challenging linear growth (15:56) and the Marie Kondo effect (23:46). Manish wants consumers to rethink the merchandising for social (31:50), and how Poshmark facilitates discovery amidst millions of items on the platform (33:04). Finally, Manish shares how he’s fostering an authentic community (36:59) and steadily growing their big ideas, even when it means taking a step back (43:27). Also mentioned on the show: Celebrating the Stories We Wear with Nellie Cohen on Well Made Moving the Rock from Zero to One with Ryan Babenzien on Well Made Oprah’s SuperSoul Conversations Oprah and Eckhart Tolle: A NEW EARTH Links and images and can be found on the Lumi blog.
Poshmark is an app where you can either buy items from other users or try to sell unwanted items like clothes, handbags, shoes, or home decor. Think of eBay, but with more social aspects where people could follow each other’s “closets,” and comment or share the listings they like. It started bak in 2011, and has grown to 50 million users and paid out more than a billion dollars to sellers. We talked with CEO Manish Chandra about his fashion magazine background, this year’s decluttering trend and how he kept the company from growing too fast.
They were rejected by 200+ investors. They were turned down by every single payment processor in the country. They discovered they were in violation of USPS regulations, and almost ran out of money. Yet today, Poshmark is one of the most successful marketplaces of all time. Be on the lookout for more Iconic Marketplace episodes on the NFX podcast in the near future and read more NFX content at - www.nfx.com/essays
Social network's ability to connect and influence people's behavior is powerful. In the case of Poshmark, it's not only connecting buyers and sellers, it's also creating a new kind of entrepreneur. Join us as we sit down with founder and CEO Manish Chandra for a look inside the largest social commerce marketplace in the United States. Learn more at retailgetsreal.com.
In this episode, you'll hear two interviews from the latest edition of An Evening With Code Commerce in Las Vegas: First, the dtx company CEO Tim Armstrong talks with Recode's Kara Swisher and Jason Del Rey about his investment company's plans to bring online retailers into the physical world with Coachella-like festival events; then, Poshmark CEO Manish Chandra talks with Del Rey about how the clothing reseller became the second-most-popular iPhone shopping app in the United States. Learn more about your ad choices. Visit megaphone.fm/adchoices
Throughout his career, Manish Chandra, founder and CEO at Poshmark, learned to evolve, grow and adapt to the economical and career changes he faced. His vision for a mobile shopping platform was ahead of its time. Chandra shares his thoughts on how to persevere in the face of doubt, how to partner with founders that share a common goal and why focusing on engagement and community is critical for scaling successfully.
Throughout his career, Manish Chandra, founder and CEO at Poshmark, learned to evolve, grow and adapt to the economical and career changes he faced. His vision for a mobile shopping platform was ahead of its time. Chandra shares his thoughts on how to persevere in the face of doubt, how to partner with founders that share a common goal and why focusing on engagement and community is critical for scaling successfully.
Throughout his career, Manish Chandra, founder and CEO at Poshmark, learned to evolve, grow and adapt to the economical and career changes he faced. His vision for a mobile shopping platform was ahead of its time. Chandra shares his thoughts on how to persevere in the face of doubt, how to partner with founders that share a common goal and why focusing on engagement and community is critical for scaling successfully.
Manish Chandra and Jenna discuss Poshmark's newest product Poshmark Stylist Match: the first ever voice-enabled social styling engine. We chat about the journey from personally recruiting their first 800 customers to working closely with a community of 3 million seller stylists who spend an average of 25 minutes a day on Poshmark. Manish walks us through the state of social commerce and how the team views Poshmark “as a new kind of social mall that brings communities of people across the country together” and their plans “to grow together as a highly distributed but connected entity.” We unpack how Poshmark's values lead with love, love is longevity, and embrace your weirdness help everyone on their team and platform turn what they are afraid of into their greatest growth opportunity, as well as why it is essential that the only way to succeed on Poshmark is to lift others up — The symbiotic cycle fuels the community. Manish also shares two moving stories about Poshmark in real life about a woman who used her earnings to transition her family from being homeless to being able to afford a home and another seller stylist who used Poshmark to help her child and her escape from an abusive relationship.
Manish Chandra is founder and CEO of Poshmark. As a serial entrepreneur, he also founded Kaboodle in 2005, one of the industry’s first social shopping sites, which was acquired by Hearst, and prior to that, he served in executive roles at several foundational technology companies. On this episode of Chat with Champions, Navin Chaddha welcomes Manish to discuss his journey from IIT in India to Founder and CEO of Poshmark. He credits his summers with his grandfather in his wholesale shop in the bazaars of India for his entrepreneurial tendencies. He had been through two enterprise software IPOs and an acquisition on his journey to founding two consumer-facing companies. Manish talks about his biggest learnings, why culture is key and how critical authentic engagement is for consumer platforms. The ... Play Now The post The Kitchen Sink Cabinet appeared first on Mayfield.
Manish Chandra the founder and ceo of the poplar fashion community app Poshmark. Poshmark is the largest community marketplace for fashion where millions of women come to buy, sell and share their personal style. Manish has always been passionate about building communities and founded the first social shopping company, Kaboodle, which was acquired by the Hearst Corporation in 2007. With Poshmark, Manish has applied his understanding of technology to change the way women think about shopping, building a passionate community based around people’s love for fashion and each other. Manish received a Bachlors in Technology from IIT Kanpur, and a Masters of Science from the University of Texas at Austin, and an the MBA from Haas School of Business.
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Manish Chandra is the CEO and founder of Poshmark, an online fashion marketplace that lets you sell clothes from your closet or buy clothes from people all over the world. Graduating from high school at 15 and finishing his undergrad at just 19, Manish left college thinking he wanted to be in the tech industry. Soon after, he found his place in women's fashion industry after creating Poshmark. His journey to finding a $25 million funded business was not always easy, but Manish is here to share with us the lesson he has learned along the way. Continue Reading →
Episode #40: In this first episode of the OneHaas Alumni podcast, we are joined by Manish Chandra, Evening MBA ’95, who is the Founder & CEO of Poshmark. Prior to Poshmark, Manish founded and sold Kaboodle to Hearst Corporation in 2007. Prior to that, Manish held executive positions at Versant, Versata, and Sybase.Support this podcast at — https://redcircle.com/onehaas/donations