A new website that "rents designer handbags" rasies $8.25mil VC!
 

http://www.bagborroworsteal.com/webc...?page=welcome&

http://blog.seattlepi.nwsource.com/v...ves/101847.asp
A Seattle-based company that rents out designer handbags via an online service has reeled in $8.25 million in Series B funding, an investment in what one investor calls the "retail subscription" hybrid of online marketing.

Using Bag Borrow or Steal's Web site, members can select a bag from a collection of more than 120 designers, gaining access to a library of bags that value into the thousands. Monthly subscription pricing is based on the expense and exclusivity of the designer, ranging from $19.95 a month for "Trendsetter" membership to $99.95 a month for "Diva" status.

Now that's hot! :1orglaugh

Now that is what you call thinking outside the box
i see many many more things like this coming

wtf...how can i get some of that mad money

damn lol. great idea for them. Wonder what their policy is when they don't get the purse back? Suppose just charge their credit card heh.

Please, do not ever post in this thread again. :1orglaugh

That's a great idea if you ask me.

exactly man..what the hell

it runs just like netflix or the like
claims you can keep it as long as you want
but i guess you are still paying for that monthly membership

they have three tiers of memberships
20 is the lowest and ims ure those bags are not costing htem for than 60 bux or so
so easy for them to make the money back

Damn nice idea though
VERY creative

insaine idea! It should work really well :)

Jim

wow this is a really cool idea.

I bet women eat that shit up.

Never underestimate the lengths women will goto for handbags.

i wonder how many sites we will see in the next 2 months imitating this

BBoS have been paying for advertisements on my sites before. They do well, no doubt. But actually, many women are a little reserved when it comes to carrying around bags that have been used before. Sure, it's the poor woman's way to walk with the divas, but many prefer to save up and but the real deal themselves.

And yes, I am in the bag biz. :thumbsup

They go far...I know that for a fact. :1orglaugh

now that's a great idea! WOW!

Similar to the business model of Ferrari rentals. People just love to 'attention whore'. :1orglaugh This is a great womens adaptation. I can see it being popular with asian women in particular. Anyone whose materialistic.

:eek7 What you talking about Willis? Are you saying those bags aren't costing them more than $60?

Dude..those are $300-$5,000 hand bags

What about all the women that buy knock offs? That's the average girls way to walk with the divas, isn't it?

what company do you work for? Or do you have your own? I'd love to see.

I just ordered a few botkier bags, the maker is my neighbor in NY so i get a nice discount... but I'm always looking to snag more!

Damn, Juicy don't waste any time.

http://www.bagborroworsteal.com/desi...uicy%20Couture

Sadly, you'd be surprised how many girls don't even know they're being tricked into a fake. :disgust

If anyone would like to fund me, i'm starting up "bling bling" rentals

We rent out giant gold chains to ghetto people with good credit.

heres what i'm trying to figure out

who are women trying to impress with these handbags? certainly not men....

so is this some sort of homo erotic thing?

This site clearly targets the person who may already have 1 designer bag...but wants a different one for each outfit but can't afford it.

yup this site has been up for a long time and is making $$$...it all started out w a woman and her friends borrowing her handbags.,.

gotta love the interweb and it's opportunities! :)

Pretty good idea.

brilliant idea fucking brilliant! maye my gf will join up and stop buying all those fuccking overpriced bags

Great idea - following in the netflix structure. I am going to seriously think about a product / line (not purses) and run with it..

Thanks for the news! That is great news for me because I own perhaps the best domain for that type of biz.

Gonna hit them up now. :thumbsup

how about sextoys?

Well Sextoys won't work - one time only sale... :)

Let's undercut them. Who wants to build me the site, i already have the inventory :)

http://www.rent-a-dildo.com/


;-0

This site was started by the guy that used to run Classmates before they were bought by United Online and they said goodbye to him. I am surprised they got funding honestly since I heard how they were acquiring the bags and it wasnt very organized and there werent many designer ones at the time. Most of them were like Nine West and such.

It will be interesting to see if it works.

How were they getting the bags?

Basically.. when someone chose a bag to "borrow" they would send someone to the store to buy it. So of course they have to front all the money for the bags so they had no designer bags at the time.

With the funding however, things may change. I am wondering if they have insurance that covers the bags or something cuz some of those bags are over $2k a piece.

I've always thought a great business would be a puppy renting biz to guys so they can pick up chicks walking around the park with them.

If they do pick up the chick, then they pretty much have to buy the puppy. If they don't, we give it to the next guy. It's like a rent-to-own.

bdjuf will be their first client :winkwink:

Well you would never catch our companies doing this. If rent-a-dildo is getting toys back in stock that were previously used, cleaning them and sending them back out - That is a huge NO NO and a potential huge liability..

Even returns are supposed to be destroyed if there is any chance at all that the item was ever opended or used.

We helped out a fellow GFYer with their ad campaign a few weeks back. Its a great idea...

However, I used them for a V-Day gift last month and it was about the worst experience with a company I have EVER had.

They simply put it are not ready for the public. The management is horrible, tech support is even worse. :Oh crap

my friend wanted to do that about a year ago..

Its a joke LOL

:1orglaugh

I'm renting mens undersware online

What would be the male equivalent watches, suits,etc?