Move Loot
{{Short description|Company in California}}
{{Infobox company
| name = Move Loot
| logo =
| size =
| type = Private
| founded = 2013
| defunct = {{end date|2016|07}}
| hq_location = San Francisco, CA
| industry = E-commerce, Furniture, Retail
| homepage = {{URL|http://www.moveloot.com/}}
| founders = Bill Bobbitt (CEO)
Jenny Morrill (CMO)
Ryan Smith (CTO) and
Shruti Shah (COO)
| areas_served = San Francisco Bay Area
Raleigh-Durham, NC
Charlotte, NC
Atlanta, GA
New York, NY
Los Angeles, CA
}}
Move Loot was a company and online marketplace for the buying and selling of secondhand (used) furniture.{{cite web|title=This Company Takes The Hassle Out Of Buying And Selling Second-Hand Furniture |url=http://www.fastcoexist.com/3052559/this-company-takes-the-hassle-out-of-buying-and-selling-second-hand-furniture |publisher=Fast Co. Exist |accessdate=11 December 2015}} Move Loot was headquartered in San Francisco, CA.{{cite news|title=Couch Wars: The Startup Trying to Corner the Used Furniture Market|newspaper=Bloomberg.com |date=18 June 2015 |url=https://www.bloomberg.com/news/articles/2015-06-18/couch-wars-the-startup-trying-to-corner-the-used-furniture-market|publisher=Bloomberg|accessdate=6 November 2015}} 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.{{cite web|title=Move Loot launching e-commerce outlet for furniture retailers|date=15 October 2015 |url=http://www.furnituretoday.com/article/524806-move-loot-launching-e-commerce-outlet-furniture-retailers|publisher=Furniture Today|accessdate=12 November 2015}}
History
Move Loot was founded by Bill Bobbitt (CEO), Jenny Morrill (CMO), Ryan Smith (CTO), and Shruti Shah (COO).{{cite web |title=Move Loot co-founders power start-up's growth |url=http://www.cincinnati.com/story/money/2014/11/30/move-loot-co-founders-power-start-ups-growth/19528687/ |publisher=Cincinnati Enquirer |accessdate=12 November 2015}} It launched in 2013. By October 2015, the service had 12 partnering retailers, 150 movers, and 100,000 users.{{Cite web |date=2015-10-15 |title=Move Loot launching e-commerce outlet for furniture retailers |url=https://www.furnituretoday.com/business-news/move-loot-launching-e-commerce-outlet-furniture-retailers/ |access-date=2022-07-17 |website=Furniture Today |language=en-US}}
Move Loot was backed by First Round Capital, Index Ventures, Google Ventures, Metamorphic Ventures, and others.{{cite web |title=Move Loot Raises A $2.8M Seed Round To Expand Its Online Furniture Consignment Store |date=9 June 2014 |url=https://techcrunch.com/2014/06/09/move-loot-raises-2-8m-seed-round-to-expand-its-online-furniture-consignment-store/ |accessdate=12 November 2015}} As of November 2015, Move Loot had received $21.8 M in funding.{{cite web |title=Move Loot $12.32 million Fundraising. William Bobbitt Filed Jul 17 SEC Form |url=http://www.octafinance.com/move-loot-12-32-million-fundraising-william-bobbitt-filed-jul-17-sec-form |accessdate=12 November 2015}} It ceased operations in July 2016.{{Cite web|url=http://www.moveloot.com/|title=Move Loot|last=|first=|date=|website=www.moveloot.com|access-date=2016-08-02|quote=We're sorry to announce that as of today the Move Loot marketplace is coming to an end and we have ceased operations.}}
Process
Users submitted photos of their goods online for appraisal, and the company then managed aspects of the selling, shipping and installation process.{{cite web|title=If you're sick of buying furniture from IKEA and selling it on Craigslist, this startup wants to help|url=https://www.businessinsider.com/move-loot-wants-to-replace-ikea-and-craigslist-2015-10|publisher=Business Insider Australia|access-date=12 November 2015}} The company assessed furniture prior to posting it, and had minimum standards for style and quality. Move Loot earned 50% of the selling price when items were sold. 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.{{cite web | author=Luppi, Kathleen | title=Have a couch you want to get rid of? | website=Los Angeles Times | date=January 1, 2016 | url=http://www.latimes.com/socal/weekend/news/tn-wknd-et-0103-move-loot-20160101-story.html | accessdate=January 4, 2016}}
See also
References
{{reflist|2}}
External links
- [https://valueofficefurniture.com.au/office-furniture/gaming-chair-computer-chair/ Gaming Chair]
Category:Online marketplaces of the United States