Episode 4
Manish Chandra (Founder & CEO) shares The Poshmark Story
June 18, 201949m 30s
Audio is streamed directly from the publisher (media.podcastai.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
In this episode, Manish Chandra, founder of Poshmark, joins James Currier to discuss his experience building and scaling Poshmark. They delve into overcoming operational challenges, the importance of social commerce, and the company's unique business philosophy. The conversation also touches on fundraising, team development, and Poshmark's future plans.
They were rejected by 200+ investors. They were turned down by every single payment processor in the country. They discovered they were in violation of USPS regulations, and almost ran out of money.
Yet today, Poshmark is one of the most successful marketplaces of all time.
Be on the lookout for more Iconic Marketplace episodes on the NFX podcast in the near future and read more NFX content at - www.nfx.com/essays
(0:00) Introduction and Background of Manish Chandra (5:24) Lessons from Kaboodle and Conception of Poshmark (12:17) Building, Testing, and Scaling Poshmark (19:21) Overcoming Operational Challenges and Reinventing Shipping (22:06) Social Commerce and Community Aspects of Poshmark (27:16) Business Philosophy and Work Environment at Poshmark (31:22) Potential Future of Poshmark and Overcoming Hard Times (35:12) Continuous Growth as a Leader and Challenging Business Axioms (39:33) Importance of Company Culture and Network Effects (41:01) Fundraising Journey, Team Development, and CEO Time (47:38) Future of Poshmark: International Expansion and New Product Categories (49:02) Closing Remarks with Manish Chandra