Ever thought of recycling your old clothes? This start-up just made $18 million off of it.
Twice is a website where you can post your second-hand clothes online. When someone buys it, the website forks over the shipping and handling fees. Pretty thrifty if you ask me.
It was started by Noah Ready-Campbell and Calvin Young. They had just started at Google, but 6 months later quit to start the company.
“It was really fast,” Ready-Campbell tells Business Insider. “We went from our first meeting with Chris Dixon at the beginning of October, and then we had signed our deal by mid-November… There’s so much waste in this market. It was clear that someone could come into this space and make things much more efficient and save people a lot of money, while making money at the same time.”
Recycling clothes you never wear, save the environment, and make some money while doing it? Brilliant.