The RealReal: Its Massive Influence in the Second Hand Market

Selling designer goods through online websites has become rampant today. Most people have no time to go to the physical stores to get some goods. The nature of work cannot allow them to do so, yet, they still need these things. However, online websites have become a solution to most of the purchasing problems people face today. The RealReal is an online consignment shop that has become famous for making purchasing opportunities efficient and easier for people. The company CEO, Julie Wainwright, says plans to expand the company are ongoing. She says seeing the company get some more online presence for shoppers is her main focus.

IPO is about to come, and Julie says she needs to have raised over 100 million dollars before this happens. Although The RealReal has a greater reputation in the private sector, it aims at being more appealing to the public investors. Julie notes that the online website is set to make its move toward the major market. The growth the second-hand market has achieved for its designer or luxury goods is inestimable. According to most of the company’s private investors, more growth is expected. This will increase the company’s returns on investments. The investors also anticipate that the company will increase the sale of the luxury goods in the second-hand market.

The company has also identified another way of selling luxurious goods. With a consignment business model, The RealReal is good to go. Most of the high ticket items supplied to this company find a ready market. Customers find many luxurious goods placed for sale on the company’s website. The seller takes 60 percent of the profit while the company takes the rest. With this online consignment shop, the market for lavish second-hand goods is about to expand. The RealReal has its valuation offices in Washington, D.C., Chicago, L.A., New York, and San Francisco. More than 800 employees work in this company.

Igor Cornelsen’s Career

On October, 4th, 1947, an investment advisor was born at Curitiba, Brazil. This man was Igor Cornelsen who has influenced the decisions of many companies in the country and abroad today. Igor Cornelsen enrolled in the Federal University of Parana in 1965 to study engineering. At this time this institution was the only one in Parana and Santa Catarina that offered engineering degrees. Therefore, that Igor Cornelsen managed to get a chance at the institution means that he had outstanding qualifications. Barely two years after enrolling into the university, he made a bold decision of discarding engineering and instead took up an economics degree at the same institution.

Igor graduated in 1970 and immediately got a job at an investment bank. During this era, it was common practice for graduating engineers to take jobs in financial institutions. This was due to their ability to calculate compound interest with sliding rates easily. This skill was highly heralded as there was minimal use of calculators and computers as it is in the present times.

Igor had an outstanding career as an investment banker that grew from strength to strength. His exceptional skills were noticed, and he gained promotion to being a member of the board of directors of Multibanco. This was in 1974. Two years later, Igor Cornelsen achieved what he may never have dreamt of before in his banking career. He was appointed as the CEO in Multibanco as they directors were impressed with his management skills.

In 1978, Multibanco was purchased by Bank of America. This brought an opportunity for him to pursue other business interests. He later joined Unibanco that was one of the leading investment firms in Brazil at the time. Igor worked at Unibanco until 1985 when he left for Libra Bank PLC. This institution operated under London Merchant Bank. Igor once again left this institution and joined Standard Chartered Bank. He was appointed as the bank’s representative in his native Brazil. Igor worked for this bank up until 1995 when he quit employment to begin his investment firm. His company has soared immensely since then. Much of this success can be attributed to his experience working for the investment companies.

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Vinod Gupta: A True Rags To Riches Success Story

The beginning

Vinod Gupta grew up in a village in India, where there were no modern conveniences. Both of his parents worked hard to provide for the family. Gupta attended the village school and in 1962, he graduated. Considered to be a smart kid, he continued his education and graduated from I.I.T, Kharagpur, India with an agricultural engineering degree. Gupta wants to continue is education and was accepted to the University of Nebraska. Neither he nor his family had any money, so he borrowed 60 dollars to come to America.



One of Gupta’s notable talents was taking money that he borrowed from a bank and turn that money into capital. His first job was working as a research analyst and was given the task of researching all mobile home dealers located in the United States. He requested all of the yellow books available at the time to compile his list. Even though his company would not pay him for going through them, they told Gupta that they would consider purchasing his list when completed.


Once Gupta completed the list, he gave his employer two options. The first one to buy the rights to the list for the amount of 9,000 dollars, and the second option was to get the list for free but allow Gupta to sell it to other companies. His company went with option number two. Gupta had to borrow 100 dollars from the bank to make mailers. The 100 dollars soon became 25,000. Visit This Page for additional information.


First Business

Vinod Gupta took his lists and started his own business, the Business Research Service and American List. In 1993, Gupta was able to take his business public. In 2010, his one-hundred-dollar venture sold for 680 million dollars.


Today, Mr. Gupta oversees Focus Group which offers venture capital for database technology startups and acquires struggling businesses to make them profitable. The Focus Group’s mission revolves around the vision of Mr. Gupta who wants to extend helping hand to new entrepreneurs, who have an idea just like Mr. Gupta. Focus Group also applies Gupta’s principles and likes to share his Business Lessons to all who want to be successful like Vinod Gupta.


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