James Reinhart, Chris Homer, and Oliver Lubin co-founded thredUP in Cambridge, Massachusetts, in 2009. The concept behind thredUP is that of the shared economy with people sending their new clothes with tags and gently worn clothing to the company that then picks out the best to list on their site. Less than 40% of clothing sent to the company is approved for listing with the rest being donated to charities or returned to its owner. Buyers find a variety of clothes, shoes, and accessories on the site at greatly reduced prices.
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