I've discovered (and rediscovered) several blogs through MR over the years. I'm not a fan though of the recent trend of linking to X threads and essays.
While I much prefer blogs to exist outside of walled garden-type websites, I've begrudgingly come to terms with Substack.
Yes. I'm a co-founder of a Second Hand Clothing Start Up - https://streetgarms.co.uk/. We sell second hand streetwear from brands like Supreme, Palace and The North Face through our own website, and we've achieved top seller status on Depop while working toward power seller status on eBay.
The second hand clothing market is booming, particularly with Gen Z having a fundamentally different attitude toward pre-owned clothing compared to older generations. We've bootstrapped from just 3 items to over 1,500 in 4 years.
Some interesting challenges we've faced:
- Scale is particularly difficult in this space
- Finding software solutions for automation is challenging - Depop's API is - severely limited
- Managing thousands of unique SKUs with single-unit inventory creates complex operational issues
Overall it's a solid business in a rapidly growing sector. Coming from a tech background, I'm fascinated to see how the scaling dynamics here differ from typical tech startups. The unit economics and operational complexity create an interesting contrast to pure software businesses.
I read it for the first time on PDF and it is so much more enjoyable in print format. The recent Stripe Press edition is particularly well-crafted. The physical format lets you more easily flip back and forth, underline key insights, and digest Munger's wisdom at your own pace.
