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Building for the circular economy and the future of shopping with Poshmark’s Manish Chandra | E1805

This Week in Startups

Fri Sep 08 2023



Building a Community:

  • Embrace the weirdness of every person and recognize their strengths
  • Tap into the uniqueness of each individual and combine their strengths

Lessons from Paul's Entrepreneurial Career:

  • Surround yourself with the right team and treat them well
  • Commit to personal growth and the growth of others
  • Take difficult circumstances as opportunities for growth and acceleration

The Power of Community in Poshmark:

  • Approximately 10% to 25% of users are using Poshmark for income generation
  • Many users spend their earnings back on the platform, creating a circular economy within the community

Lessons Learned about Communities:

  • Keep simplicity and authenticity at the forefront
  • Provide tools that support engagement and monetization will follow naturally
  • Avoid over-monetization, prioritize building an engaged community first