Enjoyed the post! I’ve moved 4 times in the last 5 years and had this problem every single time. I thought it was interesting that they are able to take 50% of the sale but then thought that the alternative is often just throwing the furniture away or trying to give it away to someone so you can get it off your hands quickly. Interesting model keeping it hyperlocal.
Thanks for the post Xavi. I always expected that the margins banks take on international transfers was high but didn’t realize it was around 80%. It’s interesting how they have gotten around even having to make any currency exchanges by setting up the pools. I agree with Rina’s point that you would need a way to deal with imbalances between currency accounts. Any idea how they fix that issue currently?
Such a true statement: “These more traditional companies have huge amounts of value waiting to be unlocked, with large data repositories that have yet to be bought into the 21st century and fully utilized by engineering talent capable of doing so.” Having spent some time working in the government I can totally vouch that this is the case in pretty much every part of the US gov.
Did you know they are opening a Seattle office?