The Foundr Podcast with Nathan Chan

587: She Built a $1 Billion Brand Selling Other Peoples Clothes | Julie Wainwright

Sep 12, 2025
Julie Wainwright, the founder of The RealReal, a billion-dollar luxury resale marketplace, shares her entrepreneurial journey from Pets.com to transforming the fashion industry. She discusses how she built a marketplace that Amazon couldn't replicate and the innovative strategies behind scaling to over $1B in revenue. Julie also reflects on the challenges of taking a company public, the impact of COVID on her business, and the importance of values-driven hiring. Her insights on resilience, execution, and integrity provide lessons for aspiring entrepreneurs.
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INSIGHT

Pick Markets Amazon Can’t Own

  • Julie Wainwright identified luxury resale as a space Amazon could never dominate.
  • She targeted an area where human curation and trust beat scale-driven competitors.
ANECDOTE

Lightbulb In A Boutique

  • Julie noticed a VC friend buying high-end consignment in a boutique and wasn't bothered by prior ownership.
  • That conversation triggered her realization to build a trusted online luxury resale marketplace.
ADVICE

Prove Traction Before Big Fundraising

  • Build initial traction before raising big venture rounds to prove product-market fit.
  • Julie reached $10M on seed funding before seeking VC to make fundraising easier.
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