I tried OfferUp, the $1 billion startup that wants to dethrone Craigslist as the go-to for selling your stuff
OfferUp
OfferUp is making waves as a mobile-only hybrid between Craigslist and eBay — and so far, users are loving it.
The company is said to have surpassed the early days of eBay in terms of sales volume, and its users are spending the same amount of time on OfferUp in a day as they do on Snapchat or Instagram.
On Thursday, it raised a fresh $119 million round of venture capital, bringing its valuation to $1 billion.
As someone addicted to Snapchat with some extra furniture pieces lying around, I decided to try the new hip version of Craigslist to see if it lives up to the hype.
Here's why I won't be going back to Craigslist after trying the app:
When I first saw this chart I didn't believe it. OfferUp users spend 25 minutes on a day on the app on average — the same as Snapchat and Instagram.
Mary Meeker/KPCB
All the time spent on the app means OfferUp is growing faster than eBay's earliest years — and rapidly too.
Mary Meeker/KPCB
It's crazy growth for a company founded in 2011 by Nick Huzar and Arean Van Veelen. The pair was struggling to get rid of extra items in their homes and thought there had to be a better way. If you haven't heard of them though, it's because they didn't do any press interviews or announce their fundraising until November 2015. As of September 2016, its valuation has ballooned to $1 billion.
OfferUp
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