The people
What they build
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Working at VarageSale
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About
VarageSale was built around trust: unlike Craigslist or Kijiji, every member was pre-screened by a person, each local community had its own moderators, and there was a 24-hour safety line. Tami Zuckerman came up with it while on maternity leave from teaching kindergarten and built the first version with her husband Carl Mercier. It raised US$34M in a 2015 Series B from Sequoia Capital and Lightspeed, after earlier money from Real Ventures and iNovia. The company never landed a revenue model: it laid off around 30 percent of staff in January 2016, its CEO stepped back to product that March, and VerticalScope acquired it in November 2017.
Backers
Sequoia Capital and Lightspeed led the US$34M Series B; earlier backers Real Ventures and iNovia. Acquired by VerticalScope in November 2017
Quick answers
What was VarageSale?
A Toronto community buy-and-sell marketplace that manually verified every member and moderated each local group, positioned against the anonymity of Craigslist and Kijiji.
What happened to VarageSale?
It raised US$34M but did not find a revenue model in time. After 2016 layoffs and a leadership change, VerticalScope acquired the company in November 2017.