BuyBackWorld was founded by Andreas Leptourgos and Steven Francess when the pair were young Wall St. executives. The idea was born when they started to wonder what happened to the smartphones their employer discarded every 18 months when employees received upgrades.
Leptourgos and Francess discovered that there was a secondary market for used electronics. This had the additional benefit of reducing the environmental impact of discarded electronics through keeping obsolete electronics out of landfills, where they cause contamination.
BuyBackWorld began in 2009 and now offers consumers cash for iPhones, cell phones, iPads, iPods, Macbooks, Apple desktops, Apple accessories, tablets, gaming consoles, cameras, smart watches, laptops, GPS, calculators, PDAs, headphones, and more.
The company is #799 in the 2015 Inc. 5000 list of Fastest-Growing Private Companies in the United States with a three-year growth rate of 558% and 2014 revenue of $3.8 million.