Poshmark, a Redwood City, California-headquartered secondhand apparel marketplace, is laying off a proportion of its 800+ employees. The reduction is coming about two months after South Korean intern
Naver is using its acquisition of Poshmark to expand in North America and Europe as it grows its consumer-to-consumer marketplace business.
Let's chat through the Naver-Poshmark deal's numbers and consider how the late-2022 M&A market differs from that of mid-2021.
Naver, the South Korean search giant, today announced it plans to acquire secondhand apparel marketplace Poshmark for $1.2 billion in cash. The deal values publicly traded Poshmark’s shares at $
The company’s resale technology builds customized marketplaces for brands to incorporate a secondhand component into their businesses.
The company has since seen a trend of owning fewer items, but of those that are purchased, they are of higher quality, made better, longer lasting and retain some resale value.
Why is Etsy willing to pay more than 23x Depop's 2020 revenues? It is buying Gen Z love.
As the oldest of 12 children, Bunim Laskin spent much of his teen years looking for ways to help keep his siblings entertained. Noticing that a neighbor’s pool was often empty, Laskin reached out to
Founders Circle Capital, a nine-year-old, San Francisco-based investment firm that strikes agreements with private, venture-backed companies to buy some of the vested stock options of their founders a
"When the CEO sets that culture of customer obsession and customer delight, it sets the foundation for the future."
Poshmark has come a long way over the last decade. Launched in 2011, the social fashion marketplace has raised upwards of $150 million, and has now listed on the public markets. It’s valued at $
What investors will be willing to pay for ThredUp is going to be very interesting. A bit like Oscar Health, it's a hard company to price.
Extra Crunch Live is off to a great start this year. Lightspeed’s Gaurav Gupta and Grafana’s Raj Dutt taught us how to nail the narrative. Felicis Ventures’ Aydin Senkut and Guidelin
Howdy friends, this is the web version of my Week in Review newsletter, it’s here to entice you to sign up and get it in your inbox every week. Last week, I showcased how Twitter was looking at
Lots of demand, little supply, boom goes the price.
Poshmark priced its IPO at $42 per share last night, comfortably ahead of its $35 to $39 range that already greatly boosted the company's valuation.
Poshmark, the nine-year-old, Redwood City, California-based online marketplace for second-hand clothing, beauty and home decor products, is set to start trading as a public company on the Nasdaq tomor
Loosely, then: at the low end of its valuation range, Poshmark is worth 8.6x its current run rate, and at the top-end a richer 10.9x.
The market will decide how valuable Poshmark is. But who will it enrich with its final pricing decision? Let's find out.
Menlo Ventures, the 44-year-old venture firm with offices in Menlo Park and San Francisco, is taking the wraps of its fifteenth early-stage fund today, a vehicle it closed with $500 million in capital