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Those are the Dalek-looking ones...

This was exactly what I was thinking too. In a weird way, eBay is competing with itself. There have always been companies where you can drop/ship your stuff off at and have them list it for you.

It is common for fakes and real items to weigh the same: https://www.lollipuff.com/blog/133/pet-peeve-authentication-...

I'm sure there is a small market for this.

But, I think that most people do not want to buy a counterfeit on eBay. Ioffer provides much lower prices on fakes, oftentimes direct from China. For instance, on eBay, the average fake Chanel le boy still sells for over $1500, and a Celine mini luggage will sell for around $1400. There is no way that people are paying this kind of money knowingly for a counterfeit.

There are very few counterfeits that are 99.9% accurate. Most of the time I can spot a fake dress or bag on someone from <5 feet away. But, then again, I'm very familiar in this space.

That's why companies use convertible notes. While the cap is a proxy for valuation, there is no issued stock options until the note converts to equity in a priced round.

The cat says, "oh really? how much and at what cap?"

Appreciate the thoughts. If you want a knock off; it's your own business. However, most sellers are advertising their items as authentic when they aren't. This results in someone purchasing an item for hundreds if not thousands of dollars for something that they did not expect. Our site caters to those who want the real deal. :)

Some people appreciate the beauty and quality of designer items. For instance, I personally find Herve Leger to fit me better than any other brand of dress. The items hold their value and beauty so well, that you can oftentimes sell them for a profit (Chanel is a great example of this).

:) Yep. We read this too, and we loved this comment:

Steven Cox 22 hours ago- The amount of margin a company can extract from the marketplace depends on a couple factors: (1) Amount of competition within the category, (2) the amount of value the company is providing that market participants are willing to pay for (example: a listing site vs. a listing site plus scheduling and billing tools), (3) the virality of the business (lower CAC = ability to charge lower fees), and (4) the presence of a recurring revenue stream (allows for lower margin per transaction).

No matter what margin the business decides on, the strategic decision each company must ask is how much adoption is needed today vs. the expeted margin. The higher the growth needed, the lower the fees need to be.

Once, I heard an early eBay Executive explain how eBay's initial low fees allowed them to run away from other early auction sites. They were priced low enough to where no one could undercut them and priced where the market contributors deemed the fees reasonable. The other sites had two options: charge less and go out of business or charge more per transaction to get the same revenue output - which caused the market contributors to seek out a lower cost solution (eBay). Game over.

Part art, part science... and a tank load of work.

Not all eBay cases have the same outcome. There are even online sites dedicated to putting together counterfeit claim documents for Chanel, Hermes, etc for eBay. They usually charge around $100 for a document.

Chanel is still very difficult to authenticate for most Chanel admirers. We wanted to start off with the hottest most recognizable bags, shoes and dresses.

Hi, thanks for your thoughts.

Authentication is a skill, and that's why other sites who decide to take on all secondhand designers at once usually have counterfeits leak through.

As someone who is familiar with Chanel, the difference is night and day. However, for someone new to the brand, it's not. A fake Chanel bag is made with the most inferior materials and craftmanship. It's usually the newbies that don't know off the bat. And, those who are knowledgeable deal with stress and loss of money once they get the item in their hands.