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OfferUp company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Commerce / Auction & Classifieds
offerup.com

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Founded Year

2011

Stage

Series F | Alive

Total Raised

$675.33M

Last Raised

$294.35M | 1 yr ago

About OfferUp

OfferUp is a platform that aims to change how people buy and sell items. With a single snap, users can take a photo of an item and instantly circulate it to friends, followers, people nearby, people of similar interests, and local groups. With OfferUp, users can choose to know who they are dealing with, reduce the no-shows, and minimize the hassles of buying and selling.

OfferUp Headquarter Location

1715 114th Avenue SE Suite 100

Bellevue, Washington, 98004,

United States

844-633-3787

Latest OfferUp News

You can’t always get what you want when you want it

Sep 15, 2021

sacramento 26 mins ago Modern shoppers may need to get clues from the Rolling Stones hits when setting expectations: you may not always get what you want. Furniture is delivered to the front door with the click of a button. Many people introduced online shopping for the first time in a pandemic, but the global supply chain turmoil that has occurred in the last 18 months has made people tackle an experience never imagined, a product shortage. I was forced to do it. Extension of delay. Frustration that the product is not available immediately. Buying a milkshake from McDonald’s can also be difficult. Despite the tactics of major chains such as early ordering of goods and chartering, shoppers are now heading for a holiday buying rush in the face of potential further shortages and delays. “The pandemic delay has caused a lot of pain in putting a brake on both immediate satisfaction and efficiency. Consumers are now trying to readjust,” said Professor Ashwani Gupta. .. Head of Marketing at Rutgers Business School and author of the book “Become a Consumer Psychologist.” Climate change can mean that product delays become a part of shoppers’ daily lives in the long run. Even after the number of COVID-19 cases has diminished, climate change-induced natural disasters and extreme weather events can disrupt supply chains around the world. Expectations are so. ” Daedra Popovich, an assistant professor of marketing at Texas Tech University, said. “It never goes away.” Consumer psychology experts say that the transition from immediate satisfaction to uncertainty about when inventory is in stock in the pandemic era is three major ways for shoppers. He says it will have a lasting impact on habits. Last year, I rushed to the store to stock up on groceries and household items. The toilet paper aisle has been cleaned. Finding Purel and Lysol was like winning the lottery. Shoppers stockpiled merchandise early in the pandemic, and many continued to buy in bulk, fearing it wasn’t enough to buy the next time they came to the store. The shelves in today’s stores aren’t as naked as they were back then. However, Mr. Monga believes that stockpiling will become a new common sense. Memories of shortages and delays over the last 18 months help people keep planning ahead and keep more necessities at home, such as packaged foods and household necessities. Consumers are confident in the functioning of the market, but will continue to stockpile. ” Some models of laptops, grills and furniture have become difficult to procure in a timely manner. Consumers generally do not stockpile durable goods such as washing machines and refrigerators because they do not have space or cash to buy in their homes. However, Monga believes that customers are willing to replace these products sooner than before because they do not want to risk the products being out of stock when they need them most. Consumers will want to replace their goods at the first sign of trouble. For retailers such as Amazon and home improvement stores such as The Home Depot, demand continues to rise, and Monga predicts that trends in both stockpiling and early exchange cycles will be “great news to move forward.” .. But it will also continue to put pressure on the supply chain to continue mass-producing goods. Converting to new websites and brands Second-hand clothing retailers such as Poshmark and OfferUp are shoppers looking for luxury and eco-friendly customers. The growth of online shopping has made it easier to connect people who want to clean their closets with shoppers who want to buy. In the long run, Popovich says consumers are more likely to search in stores and platforms. If you can’t find what you’re looking for, like a used clothing site or Facebook Marketplace. This could open up opportunities for new businesses under the radar to become popular. Consumers may be able to taste the long-awaited product better than before. ” More than a sofa that could have been delivered in two days. ” Today’s shoppers may need to get clues from the Rolling Stones hits when it comes to setting expectations: you can’t always get what you want. Over the years, the rise of Amazon and online shopping has led consumers to expect everything from groceries to furniture to be delivered to the front door with the click of a button. Many people introduced online shopping for the first time in a pandemic, but the global supply chain turmoil that has occurred in the last 18 months has made people tackle an experience never imagined, a product shortage. I was forced to do it. Extension of delay. Frustration that the product is not available immediately. Depending on where you are, it can be difficult to buy a milkshake from McDonald’s. Shoppers are now heading for a holiday purchase rush in the face of potential further shortages and delays, despite the tactics of major chains such as early ordering of goods, charters of their own vessels, and airlift of foreign goods. increase. Ashwanimonga, a marketing professor at Rutgers Business School and the author of the book, said: Consumer psychologist. Climate change can mean that product delays become a part of shoppers’ daily lives in the long run. Even after the number of COVID-19 cases has declined, natural disasters and extreme weather events exacerbated by climate change can disrupt supply chains around the world. Deidre Popovich, an assistant professor of marketing at Texas Tech University, said: “It never disappears.” Experts studying consumer psychology say that the transition from immediate satisfaction to uncertainty about when the pandemic era is in stock has a lasting impact on shopper habits in three main ways. I say it will be. Stockpile The changing sea of ​​consumer expectations began last year when they rushed to stores to stock up on groceries and household necessities. The toilet paper aisle has been cleaned. Finding Purell or Lysol was like winning the lottery. Shoppers stockpiled merchandise early in the pandemic, and many continued to buy in bulk, fearing it wasn’t enough to buy the next time they came to the store. The shelves in today’s stores aren’t as naked as they were back then. However, Monga believes that stockpiling will become a new common sense. Memories of shortages and delays over the last 18 months have helped people keep planning ahead and keep more staple foods at home, such as packaged foods and household necessities. “Unless consumers are confident in the functioning of the market, they will continue to stockpile,” he said. Exchange expensive items early Last year, demand for toilet paper and wipes subsided, but supply chain problems occurred elsewhere in the supply chain. Certain models of laptops, grills and furniture have become difficult to procure in a timely manner. Consumers generally do not stockpile durable consumer goods such as washing machines and refrigerators. Because they don’t have the space or cash to buy them at home. However, Monga is willing to replace these products faster than before because it does not want to risk the products being out of stock when the customer needs them most. “Consumers will want to replace products at the first sign of trouble, rather than waiting for something to break down,” he said. Trends in both stockpiling and early exchange cycles will be “great news to move forward” for such retailers. Like renovation stores like Amazon and The Home Depot, Monga is forecast because it remains in high demand. But it will also continue to put pressure on their supply chains to continue mass-producing goods. Look at new websites and brands Used clothing retailers such as Poshmark and OfferUp take off Thanks to the recent search for luxury goods by shoppers and the growing demand from environmentally friendly customers. The growth of online shopping has made it easier to connect people who want to clean their closets with shoppers who want to buy. According to Popovich, consumers are more likely in the long run to search for second-hand clothing sites, Facebook marketplaces, and other stores and platforms they haven’t tried before if they can’t find what they’re looking for. .. This could open up opportunities for new businesses under the radar to become popular. “One meaning is that people are willing to consider other options that aren’t new and weren’t previously considered, both in terms of channels and second-hand purchases,” she said. rice field. Consumers can enjoy the long-awaited product better than before. “If you know you have to wait six months for this sofa, you’ll love it much more than a sofa that can be delivered in two days once you get it,” she said. You can’t always get what you want when you want it Source link You can’t always get what you want when you want it sacramento 26 mins ago 7 mins ago May 1, 2021 December 9, 2020

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing OfferUp

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned OfferUp in 2 CB Insights research briefs, most recently on Jun 24, 2021.

Expert Collections containing OfferUp

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OfferUp is included in 5 Expert Collections, including E-Commerce.

E

E-Commerce

8,471 items

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

T

Tech IPO Pipeline 2019

286 items

S

Social Commerce

280 items

Companies that are a subset of e-commerce that introduce social elements into the online purchasing experience. This includes peer-to-peer selling, group buying, influencer networks (including influencer marketing agencies), and technology that enables social selling.

A

A16Z Marketplace 100 (2021)

100 items

The a16z Marketplace 100 is a ranking of the largest consumer-facing marketplace startups and private companies created by venture firm, Andreessen Horowitz.

OfferUp Patents

OfferUp has filed 1 patent.

The 3 most popular patent topics include:

  • Banking technology
  • Commerce websites
  • Online payments
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/10/2016

Payment systems, Payment service providers, Commerce websites, Online payments, Banking technology

Application

Application Date

6/10/2016

Grant Date

Title

Related Topics

Payment systems, Payment service providers, Commerce websites, Online payments, Banking technology

Status

Application

OfferUp Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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OfferUp Rank

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