Meet Poshmark, the App That's Turning Every Closet Into a Store
With more than 350,000 closets in the growing Poshmark community, founders Tracy Sun and Manish Chandra are transforming shopping--and reselling--into a mobile, social experience.
GRIND The first challenge for Poshmark was convincing male investors that selling items from your closet was a valid business idea.
HUSTLE When you scale up your data analysis efforts, better decision-making will follow.
PAYOFF Because items are stored in 350,000 individual closets instead of a giant warehouse, Poshmark has opportunities that other businesses don't.
HOW I WORK Because of the cross-functional nature of her role, Tracy Sun counts on the quieter time at the end of the day.
A DAY IN THE LIFE Manish Chandra details a typical day in his life as a startup CEO.
FUN As an entrepreneur, you get the opportunity to solve problems that haven't been solved before.
TRAVEL After you launch your company, expect your concept of 'taking a break' to change.
FAILURE In hindsight, Tracy Sun realized that she hadn't understood what her first company was really selling.
FOUNDER LOVE It's easier to be partners when your professional and personal values both mesh.
BALANCE It's hard to find balance as an entrepreneur, but over time, you can improve at it.
MOTIVATION Manish Chandra's favorite quote is "Do what you love, love what you do, and do it forever."
BOOKS There's no reason that Game of Thrones can't sit next to Malcolm Gladwell on your shelf.
INSPIRATION Tracy Sun doesn't turn to literature for new ideas. She prefers to look at the world around her.
HOPE Negative experiences only last as long as you let them.
HIRING Making a mistake is especially painful when you're hiring for a top-level position.
GROWTH You need to be thinking a few steps ahead, or you'll get caught off guard.
PLATFORM Try using only your phone to conduct business, and you'll soon see whether your product is mobile-friendly.
STARTUP First, don't do it just for the money.
PASSION You need to know if you're ready to start a business, what level your passion is, and what your worst-case scenario looks like.
DEMAND Once you have an idea for a product, you need to make sure that there's a real market.
LEARNING When you're an entrepreneur, you won't get feedback unless you ask for it.
LESSONS The difference between entrepreneurs and people with big ideas? Daring to fail.
FULL EPISODE An extraordinarily dedicated user base gives Poshmark options that other companies might not have.