Move Loot

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]

Move Loot
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

Overview

Users submitted photos of their goods online for appraisal, and the company then managed aspects of the selling, shipping and installation process.[4] 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.[5]

History

Move Loot was founded by Bill Bobbitt (CEO), Jenny Morrill (CMO), Ryan Smith (CTO), and Shruti Shah (COO).[6] It ceased operations in July 2016.[7]

Funding and strategic partners

Move Loot was backed by First Round Capital, Index Ventures, Google Ventures, Metamorphic Ventures, and others.[8] As of November 2015, Move Loot had received $21.8 M in funding[9]

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