OfferUp was launched in July of 2013 by friends Nick Huzar and Arean van Veelen in Seattle, Washington. After realizing that they both had many items that they no longer needed or rarely used. Rather than pay a storage fee, the pair decided to start their own business which lists local items for sale to potential buyers in the area.
The company is similar to Craigslist, other than it relies on a smartphone app, rather than a website. Clients take a picture with their phone and list the item using the app. Potential buyers locate items in their neighborhood and contact the seller. The website has become very popular in a short period of time, with statistics showing that an average person spends as much as 25 minutes a day browsing items. This is as long as many people spend on Instagram each day.
OfferUp has far exceeded eBay in its first few years in terms of growth, with 42 million users. Company headquarters are located in Bellevue, Washington.