ERRATA: The original post mistakenly referred to Thrift Recycling Management as the parent company for Thrift Books. I have been informed that Thrift Books and Thrift Recycling Management are two separate and distinct companies. My apologies to the folks at Thrift Books for the error. The funding was secured by Thrift Recycling Management and the original story has been amended.*******************************************Thrift Recycling Management has announced that it has secured an $8.5 million investment led by venture capital firm QuestMark Partners. According to the press release "The funds will accelerate growth and help position TRM to be the dominant player in the recycled consumer goods space."They currently sell...
Thrift Books ‘Aims for Domination of the Internet’
We are all well aware by now of how the internet and online bookselling has forever altered the trade. For many of the new players the book has become the latest commodity with all its cultural and material attributes having been stripped away. We are left with a torrent of cheap books.One of leaders in this new space is Thrift Books, an online only bookseller based in Auburn, Washington which, ironically enough, is in Amazon's backyard. They claim to be the "nation’s largest online seller of used books."Thrift Books has just issued a press release celebrating the selling of their...