We turned your closet into a store. Literally. Take a photo of your old dress, list it, ship it. 80 million people did that. Social commerce before anyone called it social commerce.
Our sellers host "Posh Parties" — virtual shopping events where people browse and buy in real time. It's QVC meets Instagram meets your neighbor's garage sale. That combination shouldn't work. It does.
We went public at a $7 billion valuation. Then Naver bought us for $1.2 billion. That math hurts. But the company needed a global platform, and Naver had Asia. Sometimes selling is the right move even at a discount.
eBay is a flea market. Poshmark is a boutique. The difference is curation, community, and the fact that our sellers are real people who style their listings like they're running a fashion brand.
Our average seller makes $500 a month. That's not life-changing money. But for a college student or a stay-at-home parent, it's meaningful. We created 80 million micro-entrepreneurs.
I'm an engineer from India who somehow built the most social fashion marketplace in America. I don't know anything about fashion. I know a lot about building communities. That turned out to be the skill that mattered.