Are you buying second hand?
#5.2023
Why You Should Buy Secondhand.
”It’s cheaper”, “It’s better for the environment”, “You can find some amazing vintage pieces”, or “We need less, not more”…. Maybe the correct answer is all of the above plus more. I think the undeniable truth is that the secondhand market is real, growing and it’s a massive opportunity.
When you think about the last 20 years, it’s easy to forget that eBay and Mercado Libre started as secondhand platforms for peers to sell used goods, and over the years they embraced a more complex and broad offer to fulfill their mission.
You have a new generation of consumers with a totally new behavior towards products, ownership, and brands and they are the ones leading the growth behind the secondhand market. 62% of Gen Z and Millenials say they look for an item secondhand before purchasing it new and 46% consider the resale value of the item before purchasing.
With a value estimated between $100 to $120 billion worldwide, the apparel, footwear, and accessories resale market has nearly tripled in size since 2020 and shows no signs of slowing down. Though buyers generally enter the secondhand market through bags, many turn to apparel and, ultimately, to jewelry.
for BCG’s complete material click here
In Brazil, I invested in JáVendeu, a secondhand platform for large items like TV, couch, and more. They are growing like crazy and the future is promising.
Best from Linkedin
(most popular section last week)
He raised a $1M with one tweet and one email!! - Click here
ICONIQ, the VC who backed Uber, Datadog, Airbnb, & Intercom shared a 54-page research paper analyzing 92 of the world’s best companies & included *behind-the-scenes* data on how to balance top-line revenue growth *AND* operational efficiency. - Click here
BrewDog is my favorite beer brand and the founder has one of the best Linkedin accounts. In this last post, he shares how he got Tesco and HSBC to bet on his business when they had nothing! Click here
Top Three
3 Ways Sports Can Teach Us How to Build a Winning Team Culture - by Fast Company
Market Annealing: Getting to $10M ARR in Very Early Markets by A16Z
Defining The Skills Citizens Will Need In the Future World of Work - by McKinsey
BONUS:
Food for Thought:
“We clash with the world when we test our theories in the field and when we argue with our political enemies. Truth may be elusive, but our experience is real, and it forces us to think, to argue—possibly, to change.”
Startup of the Week
SigmaGeek from Brazil.
SigmaGeek was founded by a great friend of mine, Braulio Medina and its mission is to connect LatAm’s top tech talent with the Global market.
In less than 6 months, SigmaGeek went from zero registered talent to 10.000+ developers from Brazil and other countries in the region.
If you are looking for top talent in the tech space I recommend testing SigmaGeek.
Made with Love Madrid, Spain