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18min chapter
Poshmark: Manish Chandra
How I Built This with Guy Raz
Navigating the Sale and Post-Acquisition Challenges
This chapter delves into the co-founder's internal struggles and external pressures leading to the decision to sell their company to Hearst for $30 million. It explores the monetization strategy post-acquisition, the founder's transition to being an employee, and the pivot towards entrepreneurship in the fashion industry. The inception of Poshmark, from the idea of mobile clothing sales to overcoming skepticism about mobile shopping, investor pitches, and the early challenges of gaining traction, are discussed in detail.
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