Peer-To-Peer Platform Turns Personal Closets Into Micro Storefronts
StyLend is a community marketplace where people can list and rent out their designer dresses.
Sometimes women buy designer dresses on impulse and the item just ends up getting buried in their closets while it waits for the perfect occasion to be worn. Other times, the dresses do get worn, but only once and are then relegated back to the closet.
A new peer to peer community marketplace called StyLend lets people make a profit from these purchases by listing and renting them out.
StyLend has two options for lenders. In the DIY option, the lenders list their designer dresses, meet with borrowers themselves, and take care of dry cleaning the garment. DIY lenders keep %70 of the rental price. In the Concierge option, StyLend takes care of everything from picking up the dresses, listing them, and delivering them to borrowers. In turn, lenders earn %50 of the rental price.
Borrowers also have two options: to use the Concierge service or connect with the lender directly through StyLend.
StyLend, which is currently on beta mode, is based in San Francisco and was created in 2013 at the San Francisco Fashion and Technology hackathon.