“Should we donate this or should we Loop it?”
That’s the new “verb” that the team behind Atlanta-based Loop wants to add to the household vocabularies across Atlanta.
Getting In The Loop
The premise is simple. Users download the Loop app, snap a photo, and answer a few quick questions about an item they would like to sell. Loop provides a guaranteed cash offer and if accepted, that item is picked up from their porch the next day, with cash being deposited directly into a Venmo account.
Once an item is picked up, the Loop team gets to work marketing and selling that item to others nearby. The most common items are household goods — including electronics, gaming, outdoor gear, kitchen appliances, fitness equipment, tools, travel, small pieces of furniture, musical instruments, and kids toys — that one person can carry and are worth $50 or more.
After a year of testing in Decatur, Loop is ready to expand into more Atlanta neighborhoods. First stop: Brookhaven…