Cocktail Investing

  Tematica’s resident mixologists, Lenore Hawkins and Chris Versace, recently had the pleasure of chatting with Manish Chandra, Founder and CEO of Poshmark. While technically Poshmark is a digital marketplace where people from the United States can buy and sell new or used clothing, shoes and accessories, the reality is it’s a community based social media platform that matches buyers and sellers of personal clothing. If that sounds like a company at the intersection of our Disruptive Innovators, Digital Lifestyle, Middle-Class Squeeze and Living the Life investing themes, we could not agree more. Moreover, Poshmark’s metrics show an engaged and growing user base that spends 20-25 minutes a day in the Poshmark app, which they open 7-9x per day on average. Not only does Manish have his own closet on Poshmark, but he is a technology geek that is a firm believer in the process of creative destruction. As Chris likes to say, Manish and the Poshmark team are just getting started and have ample market opportunities