![]() According to Jordan, as a mobile-first platform, OfferUp emerged as a disruptor by providing an improved user interface, frictionless experience and on-demand transactions from anywhere. Ask Jeff Jordan, a general partner at Andreessen Horowitz (an OfferUp investor), the former president of PayPal and the former president and chief executive officer of OpenTable. The advent of the mobile revolution transformed the way in which people transact. How did venture capitalists view the investment opportunity? Now valued at over $1 billion, OfferUp is no different. Great investments are built on a solid investment thesis. The Investment Thesis: A Venture Capitalist Perspective Huzar attributed the high level of engagement to OfferUp’s focus on a secure, frictionless user experience, an image-driven platform and the creation of a community built on personal connectivity. (Source: Mary Meeker/KPCB, 2016 Internet Trends Report) In her 2016 Internet Trends report, Mary Meeker, a senior partner at venture firm Kleiner Perkins Caufield and Byers, wrote that OfferUp users spend an average of 25 minutes per day on the OfferUp app, which is the same amount of time users spend on Instagram and Snapchat (and more time than on both Pinterest and Twitter). Together, they oversee over 100 OfferUp employees. Van Veelen also worked at start-ups, including with Huzar at Konnects, a networking platform. Prior to OfferUp, Huzar worked at Microsoft and T-Mobile and founded several start-ups. Huzar, 39, serves as chief executive officer and van Veelen, 43, is chief technology officer. To ensure a more trustworthy transaction, the marketplace has a verified identification system (which requires state-issued identification and Facebook profile), user profiles, buyer and seller ratings and in-app messaging. Unlike EBay, OfferUp currently does not charge sellers a listing fee or transaction fee. OfferUp is a national platform, but the goal is to buy and sell items within a user’s local community.īuyers can then message sellers to meet, and then pay for items through the app or in person. Users can conduct the entire transaction through their smart phone: snapping and uploading photos of an item to sell, adding a description and interacting with potential buyers. With its headquarters in Bellevue, Washington, OfferUp enables users to buy and sell everything from furniture and electronics to cars and boats through its free mobile app. When your item is ready to be shipped, package it securely. Shipping Policiesįor more information about eligible items, fees, and restrictions, see our Shipping Policies page. If the item isn’t shipped, the offer will be canceled automatically. The seller must print the pre-paid shipping label and mail the item within 3 business days of accepting the buyer’s offer. If you choose to ship an item without this label, you won’t be able to get paid through OfferUp. The label from OfferUp is how we track shipments and how sellers get paid. We send sellers a prepaid shipping label.Buyers may also select Buy Now to instantly purchase an item and have it shipped.įor more information on making purchases, see How to buy on OfferUp. ![]() ![]() When buyers see a shippable item they like, they can choose Ship to me (for items available through shipping and locally), or Make offer (for items not available locally), confirm the ir offer, and pay through the app.Sellers can make their items available for shipping by choosing Sell & ship nationwide.Alternatively, you can always meet buyers to exchange local items when available. OfferUp supports shipping to and from all US states except Alaska, Arkansas, and Hawaii through the US Postal Service (USPS).
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