If you’re looking to buy or sell a used Peloton bike, a startup called Trade My Spin could be the solution.
In theory, you don’t need a whole separate marketplace to do this. And yes, you can definitely buy or sell a bike on Facebook or Craigslist already. But Trade My Spin’s CEO Ari Kimmelfeld told TechCrunch that when he tried to buy a used Peloton bike himself, he saw that the process was incredibly inconvenient, because you’re making a big payment on a product that you might not be able to test out.
Plus, you might not have a vehicle that can fit this kind of bike, and it’s not like you can just throw it into the back seat of an Uber or a Lyft.
So what differentiates Trade My Spin is less the marketplace and more a focus on the logistics side of the transaction. It’s built up a database of drivers who’ve trained on the process and can pick up and drop off the bikes.
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