Fashion
Why Is Silicon Valley Pouring Millions of Dollars Into Old Clothes?
VCs and Wall Street have pumped $400 million into the online clothing resale business to beat back eBay and Amazon.
James Reinhart spent months trying to get somebody, anybody, to invest in his idea: an online clothing exchange for women and kids.
He would rent a Zipcar and drive out to Boston's Route 128, a venture capital hot spot, with his pitch deck in hand. Then he'd fly to San Francisco to navigate Sand Hill's labyrinth of venture firms.