Buying sports gear is normally quite expensive, and maybe even out of the question if you're a student (broke) or working in a startup (face the facts, also broke).
On the other hand, you probably own some equipment, but you can't find the time to use it, and it just takes up (a lot) of space in your garage or basement. I know I have a set of golf clubs that hasn't left my storage shed in 10 years.
So, what to do? Both are annoying problems, and fixing them takes a ton of time and effort (have you been on Craigslist lately? Painful!). But wait -- what if we told you there is a simple way to both get what you want <and> clean out the garage? (Cheer!)
reQwip has made it easy to buy and sell used sports gear -- like an "eBay for gearheads."
So what are you waiting for? Read on to find out more, then buy the bike you've wanted for so long, or sell the one that has been lying around for the past year! Happy shopping/selling!
Startup #11: reQwip
In just one sentence, what is your company offering/what do you do?
reQwip is a hyperlocal marketplace for buying and selling cycling, triathlon and outdoor adventure sports gear. Think of reQwip as “REI meets collaborative consumption.”
Briefly, what makes you unique / different / special?
Unlike other marketplaces, reQwip is niche-focused as an “A2A” — athlete-to-athlete — community. We also eliminate the headaches inherent in packaging and shipping items. All transactions on reQwip are local, and reQwip will even pickup and deliver items for a small fee. And unlike another well-known local marketplace, all reQwip transactions are via PayPal, so you will never have to meet a stranger in a parking lot with a wad of cash.
What is the one thing you love the most about running a startup?
Our team is an incredible group of gifted, motivated and focused individuals who are truly dedicated to making the world better. Every day, when we wake up and look at ourselves in the mirror, we see people who are working hard to create something special and improve the lives of those around us by creating an awesome product.
What is the hardest or most surprising part of running a startup?
There is no script. No matter how many articles or books or courses one may use to absorb for the purpose of being an entrepreneur, every day it feels a lot like being Wile E. Coyote standing mid-air past a cliff -- so just keep running forward and don’t look down.
Do you have a success story (big or small) you would like to share?
The first transaction is the hardest, but also the most fulfilling. A former professor sold a $500 bike to a stranger who stumbled onto reQwip and found the perfect bike. That was an awesome experience.
How, if in any way, has Foundersuite helped your company?
We use Foundersuite to manage interactions with a list we are curating of investors who are interested in our niches (marketplaces, collaborative consumption, sports). Whereas previously a lot of our investor outreach was haphazard and whomever came to mind at a given time, now we are organizing and mapping our network so we can connect with investors with whom reQwip will resonate well.
Finally, what is your best tip, hack, or piece of advice for entrepreneurs?
The saying “80 percent is just showing up”, holds a lot of truth. One can’t hide behind a desk. It is essential to start building a network early. Personal brand has everything to do with the success of a startup brand. It’s a cliche, but investors are committing to people, not ideas.
Thank you to the fun and amazing people behind reQwip!