PodcastsThis Week in StartupsBuilding for the circular economy and the future of shopping with Poshmark’s Manish Chandra | E1805

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