3 months ago
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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.
Hit play to learn more, then let us know what you think in the comments.
