What is Threadflip? Threadflip Review

Website Introduction

The Threadflip website page design is similar to the social photo sharing website Pinterest. Users give priority to preferred brands, sizes, and styles, and similar recommendations will be made based on the products that users click "like" on the website. Users themselves can also use the Facebook Connect function to recommend products to their friends on Threadflip.

White Glove is a special shipping service of Threadflip. Sellers can order free packaging materials and postage codes. After packaging, the goods can be shipped immediately. Sellers can also choose to send the goods to Threadflip and let it handle the logistics and financial flow steps. The unified website and exquisite packaging can make it easier to sell second-hand fine products at a good price.

Threadflip charges the seller a 15% handling fee on each transaction, which covers postage and packaging costs.

Delivery

In terms of shipping, the White Glove service provided by Threadflip is a major feature. Sellers can order free exclusive packaging materials and pre-printed postage barcodes, and immediately notify the courier to pick up the items after packaging, which naturally eliminates the inconvenience of self-packaging and shipping. In addition, sellers can also choose to ship the goods they sell to Threadflip, allowing it to fully handle the logistics and financial flow steps. The unified website and exquisite packaging can make it easier to sell second-hand boutiques at a good price.

Cost

Threadflip charges the seller a 15% handling fee on each transaction, which covers postage and packaging costs.

Financing

In May 2012, Threadflip completed its seed round of financing, successfully raising $1.6 million in seed funds. The funds mainly came from venture capital firms such as First Round Capital, Baseline Ventures, Forerunner Ventures, and Path CEO Dave Morin.

In June 2012, the company announced that it had received $6.5 million in its first round of financing and launched a corresponding iOS application to counter the expansion of its competitor Poshmark in the mobile market.

In 2014, Threadflip completed a $13 million Series B financing.

closure

In January 2016, Threadflip, an online women's clothing consignment platform, will be officially shut down from midnight on January 14. In an email sent to users, the startup, founded in 2011, explained that they would cease operations and join the clothing rental startup Le Tote.

References

• 1. Threadflip, a second-hand boutique clothing trading platform, received $13 million in financing to help women sell their unused clothing more conveniently: 36kr [reference date 2014-07-20T16:00:00.000Z]
• 2. Online consignment platform Threadflip will be officially closed: Sohu [cited date 2016-01-12T16:00:00.000Z]