Gone Acquires Yardsale

gone-getyardsaleGone, a San Francisco, CA-based selling on-demand service, acquired Yardsale, Inc., assets, including its online listing and selling product and platform, FOBO.

The amount of the deal was not disclosed.

Going forward, Yardsale co-founders Ryan Mickle and Ed McManus will work closely and with the Gone team in advisory roles.

The acquisition will strengthen Gone’s presence in the on-demand selling services space by creating together a retail grade second-hand consumer electronics marketplace, with the aim to achieve a combined base of over 200,000 users on the Gone and FOBO platforms.

Yardsale participated in the Y-Combinator accelerator in 2011, initially focusing on its classifieds app, built for iPhone. The company launched FOBO in early 2014, yielding them a $1MM run rate within two months and a seed financing of more than $2.5m from a group of Bay Area investors.

Launched in 2014, Gone allows users to sell unwanted items easily. The Gone Lite version of the app sends users boxes for users to ship their items and is available nationwide, with users selling mostly electronics and earning an average of $210.
Users in San Francisco and Austin can use a concierge service, where an assistant meets them at their location to pick up items.
A graduate of TechStars Austin, Gone is backed by Techstars Ventures, MasterCard, Silicon Valley Bank, Cygnus Capital, NXTP Labs,Grooveshark Co-Founder Andres Barreto, Uber Founding CTO Oscar Salazar, former eBay executive Larry Illg, and early Groupon employees.
The app is available for free on iOS and via SMS.



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