Poshmark: Manish Chandra

How I Built This · 26 Feb 2024 · 1h 06m

What this episode covers

Manish Chandra, co-founder and CEO of Poshmark, recounts his journey from building the failed social shopping site Caboodle to launching Poshmark as a mobile-first marketplace for secondhand fashion. He details the critical early decisions that shaped the company, including pivoting from home improvement to fashion, handling a community revolt over shipping fees, and navigating a legal confrontation with USPS inspectors over label pricing. Chandra also discusses the strategic decision to halt growth to rebuild infrastructure, the impact of sales tax regulations on their IPO plans, and the eventual acquisition of Poshmark by Naver Corporation for $1.2 billion.

Most relevant to

founders before launch, early-stage companies, companies scaling up and large enterprises

Topics

Mentioned

Companies: Hearst, Naver Corporation, USPS, PayPal, Braintree, Stripe, Mayfield, Soft Bank, Condé Nast, eBay, Facebook, Wells Fargo, First USA
Products: Poshmark, Caboodle, iPhone 4

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Poshmark: Manish Chandra

What this episode covers

Most relevant to

Topics

Mentioned

Related episodes from other shows

#65 Mid-Day Squares - National Target Launch, Business Therapy, and Dance Vibes with Jake Karls

#86 From Target Buyer to Nationally Launching Upcycled Pet Brand Shameless Pets with James Bello

024: Aligning passion & business with Terry Lin of Forever Home Blankets

044: Turning customizable jackets into a multi-million dollar business, Elyse Daniels of Exodus Wear

002: Prototyping, Manufacturing & Selling a Men's Shirt Accessory