Twice was an online

marketplace A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a '' souk'' (from the Arabic), ' ...

for buying and selling secondhand apparel based in

San Francisco, CA San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...

. The

e-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...

platform was created to make selling used goods easier and shopping used like buying new. Twice manages the selling process for the customer, such as pricing, shipping and merchandising. Twice vets each item to ensure it meets “like new” standards. The company currently buys and sells men's and women's clothing as well as women’s shoes and handbags from popular retailers and brands. Twice was acquired by

eBay eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became a ...

in July 2015. Since launching, the company has grown to more than one million users.

History

Twice launched in 2012 starting with women's clothing. In October 2014, the company expanded into women's shoes and handbags. Twice launched into menswear in January 2015. As of late 2015 Twice has been shut down.

Founders

Noah Ready-Campbell and Calvin Young are the founders of Twice. Noah is the

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of Twice and Calvin is the CTO. Noah and Calvin started their careers at

Google Google LLC () is an American multinational technology company focusing on search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence, and consumer electronics. ...

and joined Y Combinator. Noah graduated from the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

’s

Wharton School The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in P ...

with a dual degree in

engineering Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad rang ...

from the Jerome Fisher Program in Management and Technology. Calvin received a dual degree from the University of North Carolina, Chapel Hill.

Funding/strategic partners

Twice is backed by Andreessen Horowitz, SV Angel and IA Ventures. To date, Twice has received $23.1 Million in funding.

Buying and selling

Users can sell clothing, shoes and handbags in two ways: request a prepaid selling kit or print out a shipping label. Twice processes the items and sends an all-or-nothing offer to the user within days, which users accept or reject. If accepted, Twice offers multiple options for immediate payout including PayPal and Venmo. If rejected, Twice charges $4.95 for return shipping. Items that are not returned are donated or recycled. Each item Twice receives is assessed based on company requirements: items must be less than five years old, an accepted brand, and in like-new condition. Once approved, items are priced, steamed, merchandised and listed for purchase at roughly 70-90% less than the original retail value.

Awards and recognition

*Entrepreneur's 100 Brilliant Companies *2015 Forbes 30 Under 30: Noah Ready-Campbell & Calvin Young of Twice *2015 Inc. Magazine’s 30 Under 30 list: Noah Ready-Campbell & Calvin Young of Twice

References

{{Authority control Online marketplaces of the United States Retail companies established in 2012 2015 mergers and acquisitions