• Mittwoch , 28 Juni 2017

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Secondhand: Markt für gebrauchte Smartphones wächst

Laut Gartner wird der weltweite Markt für gebrauchte Smartphones, die an Endverbraucher verkauft werden, bis 2017 auf 120 Mio. Einheiten wachsen. Das entspricht einem Umsatz von 14 Mrd. Dollar.
Gemäß einer Studie unter mehr als 5600 deutschen und US-amerikanischen Verbrauchern, die vom IT Research- und Beratungsunternehmen Gartner im Juni 2014 durchgeführt wurde, ersetzen rund 60 Prozent der Verbraucher ihrSmartphone, weil sie entweder an zusätzlichen Funktionen interessiert sind oder „einfach nur“ ein neues Gerät wollen.

Gartner geht in Folge dieser Ergebnisse in seiner jüngsten Prognose davon aus, dass der weltweite Markt für gebrauchte Smartphones bis 2017 auf 120 Millionen Einheiten wachsen wird. Das entspricht einem Umsatz von 14 Milliarden US-Dollar. Zum Vergleich: Gartner ermittelte für das Jahr 2014 einen Gesamtumsatz im Secondhand-Markt bei den Mobiltelefonen von 56 Millionen Einheiten, was einem Umsatz von etwa 7 Milliarden US-Dollar gleichkommt.

Vor allem der stetige Anstieg bei der Wiederverwertung von Smartphones dürfte weitere Anbieter motivieren, künftig auch einen Blick auf den lukrativen Secondhand-Markt zu werfen, so Gartner. Alleine für Nordamerika und Westeuropa schätzt Gartner den Markt für überholte (refurbished) Phones in diesem Jahr auf etwa 3 Milliarden US-Dollar. Tendenz steigend. Bis zum Jahr 2017 rechnen die Marktanalysten von Gartner damit, dass der Markt in diesen beiden Regionen auf rund 5 Milliarden Dollar wachsen könnte.

Computerschrott: 20 Millionen Altgeräte verstauben in deutschen Haushalten

In Deutschland vergammeln rund 20 Millionen alte Computer. Fast jeder dritte Bundesbürger sammelt ausrangierte Rechner bei sich zu Hause. Zeit den Müll fachgerecht loszuwerden. Vor der Entsorgung von Altgeräten sollte man aber ein paar Dinge beachten.Wie der Branchenverband Bitkom heute mitteilte, hat das Marktforschungsinstitut Aris im Auftrag des Bitkom ermittelt, was die Deutschen mit ihren alten und ausgemusterten Rechnern machen. Etwas Sammelleidenschaft steckt wohl in jedem von uns, daher verwundert es nicht wirklich, dass fast jeder Dritte in Deutschland seine ausrangierten Altcomputer zu Hause stapelt.

Laut Bitkom verstauben gut 20 Millionen alte und ungenutzte Computer in deutschen Haushalten. 30 Prozent der Deutschen – beinahe jeder dritte Bundesbürger – hat zu Hause mindestens einen alten PC oder ein altes Notebook stehen. Jeder zehnte sogar zwei oder mehr Rechner. Im Schnitt lagert in jedem zweiten Haushalt ein ausrangierter Computer.

Dabei sind ältere Computer sowohl Gefahr als auch Chance. In Computerteilen finden sich unzählige giftige Substanzen, die fachgerecht entsorgt werden müssen. Aber auch vielewertvolle Materialien und Rohstoffe, für die sich das Recycling lohnt. Laut Bitkom sind über 80 Prozent der verwendeten Materialien recyclingfähig. Die Rohstoffmengen in jedem einzelnen Computer sind zwar gering, in der Masse von Millionen Geräten kann die Entsorgung aber einen wichtigen Beitrag zum Ressourcen- und Umweltschutz leisten.

Stellt sich die Frage, warum die ausgemusterten Computerveteranen zu Hause gesammelt werden. 50 Prozent der Betroffenen hortet ein Ersatzgerät für den neuen PC. 21 Prozent ist die Entsorgung zu aufwändig. 11 Prozent wissen nicht, wie private Daten auf dem Altgerät sicher zu löschen sind. Weiteren 6 Prozent fehlen Informationen, wie sie die alten Rechner entsorgen können.

Der Bitkom gibt hierzu ein paar Tipps. Vor dem Verkauf, der Weiter- oder Rückgabe alter Rechner sollten alle privaten Daten gelöscht werden. Dabei ist folgendes zu beachten:

  • Datenlöschung: Anwender sollten gezielt einzelne Daten oder die gesamte Festplatte mit einer speziellen Software mindestens dreimal überschreiben. Für besonders sensible Daten empfehlen Experten mindestens siebenmal. Am zuverlässigsten funktioniert die Brutalo-Methode – die physikalische Zerstörung des Datenträgers durch Schreddern.
  • Defekte Datenträger: Auch bei kaputten Datenträgern lassen sich von Datenspezialisten noch viele Dateien rekonstruieren. Daher sollten beispielsweise Flashspeicherkarten, HDDs, CDs, DVDs oder USB-Sticks, die sich vom Anwender nicht mehr nutzen lassen, vor ihrer Entsorgung komplett zerstört werden.
  • Do-it-yourself oder Dienstleister: Grundsätzlich kann das Löschen oder Vernichten des Datenträgers selbst vorgenommen werden. Für den Business-Bereich empfehlen sich aber Unternehmen, die auf das Datenlöschen spezialisiert sind.
  • Entsorgung: Defekte und alte Computer können bei den kommunalen Abfallsammelstellen und über Recyclinghöfe kostenlos abgegeben werden. Die Standorte erfährt man bei seinem örtlichen, kommunalen Abfallwirtschaftsbetrieb. Von dort gehen die Geräte in die Verantwortung der Hersteller über, die für eine umweltgerechte Entsorgung oder Wiederaufbereitung durch zertifizierte Recyclingunternehmen sorgen.
  • Rücknahme-Aktionen: Oftmals gibt es zeitlich begrenzte Rücknahme-Aktionen auf Initiative von Herstellern und dem Handel in Kooperation mit Umweltorganisationen und sozialen Einrichtungen. Bei solchen Aktionen spenden häufig die beteiligten Unternehmen für jedes zurückgegebene Gerät einen Betrag an Umwelt-, Sozial- und andere Hilfsprojekte.
  • Entsorgung defekter Akkus: Altakkus und Batterien dürfen nicht in den Hausmüll geworfen werden. Wer seinen alten Computer-Akku durch einen neuen ersetzt und so den Rechner weiter nutzt, muss den Alt-Akku ordnungsgemäß entsorgen. Dazu kann man ihn bei den örtlichen Recyclinghöfen abgeben oder in dem Laden abgeben, wo der neue Akku gekauft wurde.

 

Warum vertikal und nicht horizontal

Horizontal markets make a lot of sense in the physical world. Retailers like Wal-Mart and Target cater to every need, are affordable, and can be found just about everywhere. The online world has its own horizontal giants. Amazon, Alibaba, eBay and Craigslist command significant market share, scale, and power.

From an investment standpoint, marketplaces are particularly interesting opportunities since a leading company can easily assume a winner-take-all or winner-take-most position. Marketplaces are also one of the few business models that exhibit true network effects; supply and demand follow each other. Look, for example, at the ongoing battle between Uber and Lyft. There is no incentive – for drivers OR passengers – to align with the second most popular transportation marketplace service, and solving this through crazy financial incentives isn’t sustainable. It’s simple: drivers maximize their income by tapping the largest pool of potential passengers (demand). Passengers, meanwhile, have no incentive to choose the second largest transportation provider. Accessing the largest pool of drivers (supply) increases the odds that they’ll find an available driver nearby and minimize wait.  It’s a high stakes battle: when one company controls a market with strong network effects, they can generate huge profits, retain customers and keep competitors at bay – which usually means the leader takes all.

If you can identify the winner early, an investment has less risk. First mover advantage often provides an “unfair advantage” — the first company to reach meaningful scale stands a much better chance of owning the category. Being the biggest in a winner-take-all world means a bigger exit (or bigger company), since the ecosystem doesn’t get fragmented. The reduced competition lets companies grow faster. Even a winner in a smaller market can sometimes be more lucrative than a second or third – or even first – in a much bigger category, simply because there’s less competition.

The problem with horizontal marketplaces is the winners have already been declared – and they’re very difficult to disrupt head on. Because there’s not room for many (if any) more horizontal Goliaths, vertical marketplaces (businesses that cherry pick elements from broader horizontal incumbents) become more compelling. By exploiting the inherent weaknesses of horizontal leaders and intently focusing on a single product or good, these companies can deliver a vastly improved customer experience, presenting an opportunity for vertical competitors to gain traction.

As an example let’s use the classic horizontal marketplace: the flea market. While there are a huge variety of goods at these gatherings, it’s often hard to find what you want, due to the overwhelming number of choices. Assuming you do find what you’re looking for, you then have to haggle with individual sellers. And, there are no guarantees as to the quality or reliability of your purchase.

In many ways, the flea market is an offline analogy for what we see on horizontal Internet markets like Craigslist, right down to the flaws. Horizontal marketplaces may enjoy massive scale and liquidity, but shortfalls in consumer experience leave them vulnerable to disruption by focused “vertical” players.

An effective, intuitive and painless customer experience is critical for vertical marketplace companies. It’s the Achilles heel of horizontal marketplaces – and it’s the best way to make your business capture the coveted market leadership position.

The early rollout of verticals was fairly slow. Over the past few years, though, they have emerged at a more rapid pace. Just in secondhand apparel / accessories, we see Poshmark, Twice, ThredUP, Tradesy, and The Real Real growing quickly. In other verticals, we see companies like Raise (gift cards and store credits, BVP portfolio company), 42 Floors (commercial real estate, BVP portfolio company), and Chairish (furniture) emerging. This proliferation is taking place for a few reasons:

  • First and foremost, the number of people willing to buy online and from a marketplace has grown dramatically in the last 5-10 years. Verticals that used to be too small to sustain standalone marketplaces now have a potential customer base that’s meaningful.
  • The advent and adoption of many online trust and safety mechanisms (like review scores, credit card fraud protection, etc.) have transformed Internet marketplaces, making them safer and more reliable.
  • The trend toward urbanization has also made it easier for verticalized marketplaces like Uber and Airbnb (which thrive on density in a geographical area to get started) to develop liquidity.
  • At the same time, there have been dramatic improvements in the ability of marketplaces to target and advertise to specific consumer subsets, such as highly targeted Facebook advertising, which can narrow an audience based on specific zip codes or interests.
  • Meanwhile, the proliferation of mobile devices has reduced the friction involved in supply and demand generation. The limited screen real estate on mobile devices has also encouraged focus and simplicity within a shopping experience, making vertical marketplaces a better fit for this form factor than broader horizontal destinations.

A number of new technologies like elastic search have also gained popularity, allowing much deeper querying and algorithmic matching of buyers and sellers.

We’re only at the beginning of the road for vertical marketplaces – and that’s an exhilarating place to be for both venture capitalists and entrepreneurs. With so many verticals that are still untapped, there’s plenty of room for startups to make an impact – and for those that already have, the growth potential is massive.

Vertical Marketplaces Stand Up to Internet Giants like eBay

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One of the beautiful things about the Internet (from a small business perspective) is that it provides a place where people can offer or find just about any service.

Whether you’re a painter, a DJ, a professional juggler, or simply someone looking for one of the aforementioned professionals, there are plenty of places for you to advertise or find these services. The obvious places come to mind, like the classified-ads-killer Craigslist or the ultra-inexpensive Fiverr.

Unfortunately, it can be difficult to get noticed on such massively popular marketplaces. Instead, it might be a good idea to focus on your niche.

To take advantage of this, it’s a good idea to check out vertical marketplaces which allow you to hyper target your audience.

What Separates a Vertical Marketplace from a Horizontal Marketplace?

Unlike Craigslist or eBay, which offer a wide variety of goods and services, vertical marketplaces instead focus on a specific area.

There are several advantages to this: you can avoid the madness of a marketplace swimming with unrelated services; having a site dedicated to a specific type of service is likely to have more detailed information for the user; and your product is more likely to stand out and deliver a higher quality conversion rate.

Bessemer Venture Partners used the example of Craiglist’s declining popularity to highlight the fact that vertical marketplaces are on the upswing. BVP produced aninfographic identifying some of the emerging private marketplaces that are beginning to batter the old-school directories. It picks out sites such as MindBody(fitness), Lyft (transportation), and GetApp (business services) as examples of businesses that are disrupting the space.

Vertical Marketplaces in Action

Here are some examples of vertical marketplaces that can offer a hyper targeted audience to businesses in a particular sector:

Beatsy.co

This site caters to the wide world of DJ’ing.

Beatsy provides a clean design that is remarkably straight forward. It places emphasis on where the DJ is located and, more importantly, their starting price. Another cool feature is the option to search for DJs based on the genre of music.

For example, if you’d like to have somebody like Steve Aoki at your company luncheon but can’t afford the real thing, it’s easy enough to locate a DJ that will play his music and possibly emulate his cake throwing style.

Paintzen

Painting has long been advertised via bulletin boards, classified ads, and tearable contact info found on signs posted on telephone poles. Paintzen provides a centralized place to find someone to paint your house.

Although this isn’t a marketplace that’s open to anyone posting their services,Paintzen provides a simple way to find someone to paint your house through a handy user interface.

And although prospective painters can’t post work opportunities on there, Paintzen vouches for their certified painters.

As of now, it’s staying fairly local as Paintzen is only available in New York, New Jersey, San Francisco and Washington D.C.

Workana

While Fiverr may be focused on doing short-term jobs for little cash, Workanahandles larger projects. These projects could include website design or creating a mobile app.

The way the site works is that somebody creates a project, which opens itself up to people who bid on it. After that, the project creator chooses the person they feel most suitable based on talent, work history, and price.

Etsy

What began as a simple site for people to sell crafts has turned into a behemoth that’s generated $1.93 billion in user sales and garnered plenty of attention in Silicon Valley.

Etsy truly demonstrates the power of a vertical marketplace: it’s created a space that’s allowed people to become highly successful in distributing their products. Yet despite it’s celebrity status, Etsy is still a site that’s not difficult to join and put items up for sale on.

There have, however, been complaints that Etsy has grown too big, which has caused smaller designers to go unnoticed.

Wo und wie gebrauchte iPads kaufen (USA)

Introduced in 2010, Apple’s line of tablets currently consists of five iPads. These include the recently introduced iPad Air 2 and iPad mini 3, plus the iPad Air, iPad mini, and iPad mini 2. Four others, the original iPad, iPad 2, iPad 3, and iPad 4 have been discontinued.

Often, when a new smartphone or tablet is sold, an old one is turned in and then resold. Many of these older devices are in good working condition, making them an ideal choice for those consumers hoping to save some money, or are looking for a secondary device for themselves or a family member.

Not all used tablets are the same. Some have scratches, while others have internal problems that are difficult to find. Some are new models that have been refurbished, while others are in great condition physically, but are not worth buying due to the age of the model.

Buying a used iPad

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Regardless of your situation, buying a used iPad doesn’t have to be a scary proposition, as long as you follow some common sense rules.

Price

In the United States, like most areas, there are two types of iPads available. These include Wi-Fi only models, and those that also have wireless Internet capability. These are sold as “Wi-Fi + Cellular” models. Currently, new iPads range in price from $249 for a 16GB Wi-Fi only iPad mini, to $829 for a 128GB Wi-Fi + Cellular iPad Air 2.

Unlike cell phones, you don’t sign a contract to receive access to a cellular connection. Instead, you purchase data on a monthly basis. When new, the cellular models typically cost $130 more than the equivalent Wi-Fi only models.

Condition

You should only buy a tablet that is in good condition. These iPads offer reliable Wi-Fi and/or cellular reception, a battery that can go a full day without needing a recharge, and no noticeable scratches, especially on the display.

Where to buy a used iPad

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There are four kinds of sources for used iPads: local sellers, auction sites, fixed-priced sites, and through Apple itself. Each source offers its own pros and cons.

Local sellers. Real friends (as opposed to friends you only make contact with online) are the best source when you are in the market for a used iPad. This assumes that you don’t have a problem with negotiating with someone you know. Most times, however, the only way to find local sellers is through sites like Craigslist.

I know plenty of folks who have used Craigslist to both sell and buy used devices. Many claim that this is the best place to find tablets at the lowest price. Unfortunately, it’s sometimes hard to separate the good sellers from the bad. Most times, in fact, the ones with the cheapest prices, are also the ones who never respond to emails.

I have also noticed that tablets purchased through Craigslist are also those more likely to experience problems later on, including reception issues. A good rule of thumb: If a deal looks too good to be true, it almost certainly is.

One final word: If you do decide to buy locally using a site like Craigslist, be sure to bring a friend along to the public meeting place just to be safe.

Auction sites. On these sites, bidders are the ones who set the price. The fewer the number of bidders, the more likely that you’ll be the auction winner, and the more likely you’ll get the tablet at a lower price.

Fixed-price sites. Ideally, these are the best places to find a used iPad to buy. Sites include Amazon, eBay, Cell Phone City, and Gazelle.

These types of sites sometimes charge the highest prices. However, they are also the ones most likely to offer short-term warranties and/or guarantees on purchases.

Apple. The iPad maker doesn’t actually sell used tablets. Rather, they offer refurbished models through their website. These models had some sort of problem that was covered under the factory warranty. Once the problem is corrected, Apple puts these items back on the market at a modest discount.

My experience has taught me that auction sites are oftentimes the best places to find used iPads at the least expensive price. Of these, sites such as Cowboom are a little bit better, since the site itself is the one selling the item. Sites like eBay are a little bit less secure since individuals are the ones listing the products. Cowboom also offers a return policy for its auctions, while eBay leaves that up to the individual.

Important tips

Attention

Warranty: When purchased new, iPads come with a limited warranty that may still be active, depending on the unit. Before making a purchase, see if you can get the device’s serial number. This number can be used on Apple’s website to find the current support and service status of the unit. When getting the serial number before making the purchase isn’t possible, still be sure to check it with Apple once you receive the tablet.

Which model to buy: Apple sends out operating system updates for its line of mobile devices on a fairly regular basis. These updates are compatible with all current-generation devices, and with many past models.

Don’t buy a really old iPad model, since these might not be compatible with the latest operating system. If you are in the market for a full-size 9.7-inch tablet, I would suggest buying an iPad 4 or later for this reason. Those looking for a 7.9-inch model should go with an iPad mini 2 or iPad mini 3. Otherwise, you probably won’t be able to upgrade to the latest operating system version, whose updates often contain security and bug fixes.

Carriers/Network: When it comes to iPads and cellular connections, things can get a little bit tricky. New iPads are sold “unlocked,” meaning that they are supposed to work with any network. In reality, this isn’t always the case. Older iPads are even less likely to work across multiple networks.

If you really want a used iPad with both a Wi-Fi and cellular connection, make sure that the device the seller is offering is usable on your preferred network. Otherwise, I would advise not to buy the item.

Shop around. Be sure to take your time when looking for a used iPad. Because iPad sales continue to fall, finding a used tablet won’t be that difficult. What could take some time is finding a seller you are most comfortable doing business with.

Summary

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Buying a new or used tablet requires a lot of knowledge and patience. This will be the tablet that you’ll be using for the next few years, so you want to make sure it’s the right one for you. Used iPads are a good choice for those looking to save some money, or need a secondary device. Like other used items, they are also more prone to problems, so please keep that in mind.

Given the broad range of new iPads on the market, however, it might be wiser to forgo the used models and buy new. If you do plan on buying a used iPad, be sure to follow the tips presented here.

Are you ready to begin looking for a used iPad? Local buyers, fixed-price, and auction sites are ready for your business.

Smartphones: 337 Mio. in Q2/2015 und Stühlerücken bei den Top 5

Smartphones: 337 Mio. in Q2/2015 und Stühlerücken bei den Top 5Smartphones: 337 Mio. in Q2/2015 und Stühlerücken bei den Top 5
Laut IDC wurden im 2. Quartal 2015 weltweit mehr als 337 Mio. Smartphones ausgeliefert. Im Top 5 Ranking der Top-Marken wird Lenovo von Huawei und Xiaomi überholt. LG Electronics (LG) ist raus.

Der neueste Bericht zum globalen Liefervolumen fürSmartphones im 2. Quartal 2015 von IDC sorgt für eine kleine Sensation: LG Electronics (LG) fliegt aus dem Top 5 Ranking der weltweit erfolgreichsten Smartphone-Marken. Und: Lenovo wird von Huawei und Xiaomi in der Top-Liste für Q2/2015 überholt und muss sich mit Platz 5 zufrieden geben.

Gemäß dem Zahlenwerk von IDC betrug das weltweite Absatzvolumen im MarktsegmentSmartphones im genannten Zeitraum 337,2 Millionen Einheiten. Im Vergleich zu den 302,1 Millionen aus dem Vorjahreszeitraum Q2/2014 stellt das einen Anstieg um 11,6 Prozent dar. Davon konnten allerdings nicht alle Smartphone-Hersteller profitieren. Samsung bleibt zwar mit 73,2 Mio. Geräten auch weiterhin mit großem Abstand die Nummer 1, musste aber Marktanteile abgeben.

Die hervorragenden Geschäftszahlen von Apple spiegeln sich auch in der Analyse von IDC wider. Apple konnte das Liefervolumen für das iPhone von 35,2 auf 47,5 Mio. steigern. Wie wir bereits berichteten, läuft es bei Huawei derzeit wie geschmiert. Mit einem Plus von 48,1 Prozent und 29,9 Mio. Smartphones schießt sich Huawei auf Rang 3 im Top 5 Ranking. Auf Platz 4 kommt dann Xiaomi mit 17,9 Mio. Einheiten ins Ziel.

Für Lenovo reichte es mit 16,2 Mio. Smartphones und einem Marktanteil von 4,8 Prozent nurmehr für Position 5. LG Electronics (LG) wurde durch die Performance der Top 5 hingegen aus der Liste gekickt. Im 1. Quartal 2015 belegten die Südkoreaner im IDC-Ranking mit einem Marktanteil von 4,6 Prozent und einem Liefervolumen von 15,4 Mio. Geräten noch Platz 5.

Computerschrott: Deutsche bunkern rund 22 Millionen alte Computer

Die Deutschen sammeln weiter fleißig Computerschrott. Inzwischen lagern in jedem dritten Haushalt ungenutzte PCs oder alte Notebooks. Branchenexperten gehen davon aus, dass rund 22 Millionen alte Computer nutzlos herumstehen und verstauben.

Schrottplatz Deutschland: Unser Land ist ein riesiger Sammelplatz für alte Computer. Und der Schrottberg wächst. Laut dem Hightechverband Bitkom verstaubten im Jahr 2012 noch rund 20 Millionen Altgerätebei den Bundesbürgern. In einer aktuellen Studie hat das Marktforschungsinstitut Aris herausgefunden, dass die Müllhalde für Computerschrott bis heute auf rund 22 Millionen ausrangierte Rechner angewachsen ist.

In mehr als jedem dritten Haushalt (36 Prozent) wird mindestens ein ungenutzter PC oder einaltes Notebook aufgehoben. In 13 Prozent der Haushalte verstauben sogar zwei oder mehr Geräte. Insgesamt werden hierzulande derzeit rund 22 Millionen alte Computer gehortet, etwa 10 Prozent mehr als noch vor eineinhalb Jahren.

Viele ungenutzte Geräte sind noch funktionsfähig und könnten eingesetzt werden. Eine Weitergabe oder ein Verkauf wären auch ein Beitrag zur Ressourcenschonung, so der Bitkom. Defekte Geräte sollten aber auf jeden Fall zurückgegeben werden, da die in den Computerteilen verwendeten seltenen und wertvollen Rohstoffe wiederverwertet werden können. Über 80 Prozent der in einem Computer verwendeten Materialien lassen sich durch Recyclingzürückgewinnen.

Defekte und alte Computer können kostenlos bei den kommunalen Abfallsammelstellenabgegeben werden. Von dort gehen die Geräte in die Verantwortung der Hersteller über, die für eine umweltgerechte Entsorgung oder Wiederaufbereitung durch zertifizierte Recyclingunternehmen sorgen.

 

Weltmacht Apple

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10. November 2015:

This Would-be Craigslist Killer Has Raised $90 million

Online classifieds app OfferUp has handled billions of dollars in transactions, but it has no revenue.

Slow and steady wins the race is infrequent advice in Silicon Valley. But for one startup, the road to millions of users and billions of dollars in transactions has taken four years.

OfferUp, a Craigslist-like app that lets you buy used products from people near you, is defying the sprint mentality. It has grown steadily, its executives say, and has landed significant funding along the way.

Former Microsoft employee Nick Huzar and engineer Arean van Veelen founded OfferUp in 2011 after becoming frustrated with selling items on existing online classifieds like Craigslist. Huzar explains that there were no apps at the time that took advantage of mobile phone technology like the ability to quickly take a photo of an item and post it.

Many had tried to recreate Craiglist’s success. But they didn’t succeed in pulling it off.

“We wanted to do the same thing for gently used items that Amazon did for frictionless shopping,” Huzar said in an interview with Fortune.

Similar to Craigslist, OfferUp’s premise is simple. Sellers take a photo of a used couch, lamp, or dress, add a location, and post it for others who have the app to see. Buyers can search for items close to where they are, or filter by price, and message sellers to meet in person.

Buyers can pay for items through the app. Or they can pay with cash when they pick up the item.

Currently, OfferUp doesn’t charge for listings or successful transactions, Huzar says. He declined to reveal any specific plans for charging fees, but he said they are exploring options.

Huzar said growth has been steady in terms of the number of app downloads and usage over the past three years. But in 2015, growth picked up significantly. This year alone OfferUp has handled $2.9 billion in total transactions through the app, the company said. Transactions have grown fivefold since January, and the company has seen 12 million app installs (but declined to reveal exact usage numbers).

To date, OfferUp has raised $90 million in funding, with the most recent round of $73 million coming in March. T. Rowe Price led the round, with participation from Andreessen Horowitz, Coatue Management, Tiger Global Management, Vy Capital, High Line Venture Partners, and Allen & Company.

According to the Wall Street Journal, OfferUp’s last valuation was around $800 million. The company declined to comment to Fortune about its valuation.

“OfferUp’s growth is truly remarkable—it is among the fastest growing marketplaces we have ever seen,” said Andreessen Horowitz partner Jeff Jordan.

Despite OfferUp’s growth, the app has yet to make any revenue. This differs from Craigslist, which charges $25 to $75 to post job listing in a handful of U.S. cities. And of course, Craigslist has a massive head start on the company with a huge base of users and wide selection of items for sales, services, and job listings.

Many have tried to unseat Craigslist, but few have actually been able to when it comes to being a marketplace for everything from furniture to even cars. Clearly, the company’s next challenge will be living up to its near billion dollar valuation while making actual revenue.