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		<title>Totspot App Puts Money Back in Mom’s Pocket</title>
		<link>http://www.vrworld.com/2014/11/05/totspot-app-puts-money-back-moms-pocket/</link>
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		<pubDate>Thu, 06 Nov 2014 02:17:34 +0000</pubDate>
		<dc:creator><![CDATA[Darleen Hartley]]></dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Cloud Computing]]></category>
		<category><![CDATA[Mobile Computing]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Software]]></category>
		<category><![CDATA[500 Startups]]></category>
		<category><![CDATA[Alibaba]]></category>
		<category><![CDATA[AME Cloud Ventures]]></category>
		<category><![CDATA[athenahealth]]></category>
		<category><![CDATA[Beth Engelman]]></category>
		<category><![CDATA[GGV Capital]]></category>
		<category><![CDATA[Hans Tung]]></category>
		<category><![CDATA[Hotel Tonight]]></category>
		<category><![CDATA[IIT Bombay]]></category>
		<category><![CDATA[Jerry Yang]]></category>
		<category><![CDATA[Mommy on a Shoestring]]></category>
		<category><![CDATA[QueensBridge Venture Partners]]></category>
		<category><![CDATA[Square]]></category>
		<category><![CDATA[Totspot]]></category>
		<category><![CDATA[Vijay Ramani. Vikrant Ramteke]]></category>
		<category><![CDATA[Wharton School of Business]]></category>

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		<description><![CDATA[<p>A new online shopping platform for mothers, Totspot, allows mothers to easily buy and sell lightly used fashionable garments for their children.</p>
<p>The post <a rel="nofollow" href="http://www.vrworld.com/2014/11/05/totspot-app-puts-money-back-moms-pocket/">Totspot App Puts Money Back in Mom’s Pocket</a> appeared first on <a rel="nofollow" href="http://www.vrworld.com">VR World</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><img width="980" height="600" src="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-980.jpg" class="attachment-post-thumbnail wp-post-image" alt="Totspot 980" /></p><p>Think of Totspot as eBay with a twist, an on line consignment shop that has added a social aspect specific to parents of young children. No, it isn’t reselling children. It does help moms recycle gently-used children’s clothing so they can recoup some of the cost of replacing outgrown clothes.</p>
<div id="attachment_41194" style="width: 630px" class="wp-caption aligncenter"><a href="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-boys-set._620.jpg" rel="lightbox-0"><img class="size-full wp-image-41194" src="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-boys-set._620.jpg" alt="This Uniqlo set is just one of the items discounted on Totspot" width="620" height="579" /></a><p class="wp-caption-text">This Uniqlo set is just one of the items discounted on Totspot</p></div>
<p>This free app is impressive. Basically it is a huge database of excellent condition, second hand children’s clothing for sale by owner. Quality images enhance the on-line shopping experience. Totspot makes selection easy by sorting items according to your child’s profile as to size, sex, and style.</p>
<p><a href="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-search_980.jpg" rel="lightbox-1"><img class="aligncenter size-full wp-image-41191" src="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-search_980.jpg" alt="Totspot search_980" width="980" height="783" /></a></p>
<p>Whether buying or selling, Totspot makes the transaction simple. When a sale is made, Totspot emails a prepaid addressed label to the seller to use for sending the purchased item to the buyer. This conveniently eliminates mistakes in addressing the package. Sellers can offer a single item or they can bundle several pieces of clothing together for one price, grouped by size, style, or category. The purchase price is split between seller and Totspot with the original owner earning 80 percent.</p>
<p><a href="http://cdn.vrworld.com/wp-content/uploads/2014/11/tot-spot-comments_980.jpg" rel="lightbox-2"><img class="aligncenter size-full wp-image-41190" src="http://cdn.vrworld.com/wp-content/uploads/2014/11/tot-spot-comments_980.jpg" alt="tot spot comments_980" width="980" height="1307" /></a></p>
<p>The app runs on iOS devices, so you can catch a good deal from your iPhone while on the run. Totspot could be called mom-to-mom mobile retailing, but let’s not forget those single fathers who face the same challenges and could also use an outlet to recycle their rapidly growing children’s clothes.</p>
<div id="attachment_41192" style="width: 990px" class="wp-caption aligncenter"><a href="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-buy-now_980.jpg" rel="lightbox-3"><img class="size-full wp-image-41192" src="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-buy-now_980.jpg" alt="You can purchase a Totspot deal from your tablet or phone." width="980" height="817" /></a><p class="wp-caption-text">You can purchase a Totspot deal from your tablet or phone.</p></div>
<p>Sellers simply take a photo of their items, upload them with a short description, then let Totspot do the work of turning the images into a quality-Pinterest-like posting.</p>
<p><a href="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-for-sale_980.jpg" rel="lightbox-4"><img class="aligncenter size-full wp-image-41195" src="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-for-sale_980.jpg" alt="Totspot for sale_980" width="980" height="564" /></a>You’ll find top brands at <a href="http://www.totspot.me/shop" target="_blank">Totspot</a>.  Today, we found an Abercrombie sweater, Nike sneakers, <a href="http://www.gymboree.com/index.jsp?ASSORTMENT%3C%3East_id=1408474395917465&amp;FOLDER%3C%3Efolder_id=2534374303003787&amp;bmUID=kBVTX3" target="_blank">a Gymboree</a> skirt, a pair of Coach slippers, a boys Baby Gap jacket, a pair of <a href="%20http://www.bodenusa.com/en-US/Baby-0-3yrs-Clothing.html#nav" target="_blank">Baby Boden</a> overalls, Dr Martens boots, and a Ralph Lauren rain coat. All this fashion at reduced prices for clothing that hasn’t been manhandled by numerous customers in a second-hand retail store.</p>
<p>This is a brand new company that is already going gangbusters. It was founded by two entrepreneurs, Vijay Ramani who has an MBA from Wharton School of Business and CTO Vikrant Ramteke whose degree is from IIT Bombay in electrical engineering. Their Totspot app caught the eye and the money of several investors.</p>
<p><a href="http://www.ggvc.com/about-ggv" target="_blank">GGV Capital</a> along with Jerry Yang (AME Cloud Ventures), 500 Startups, and QueensBridge Venture Partners put almost $2 million dollars into the company. That was at least enough to provide jars filled with peppermint cookie mix for all the Pepcom attendees and to get the fledgling company off to a great start. Hans Tung, GGC Capital managing partner, an expert in mobile commerce, joined the company as a Board Observer. The GGC Capital’ portfolio also includes Alibaba, Square, <a href="http://www.athenahealth.com/" target="_blank">Athenahealth</a>, for electronic medical record management, and <a href="https://www.hoteltonight.com/" target="_blank">Hotel Tonight</a> for those last minute reservations.</p>
<div id="attachment_41193" style="width: 990px" class="wp-caption aligncenter"><a href="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-booth-980.jpg" rel="lightbox-5"><img class="size-full wp-image-41193" src="http://cdn.vrworld.com/wp-content/uploads/2014/11/Totspot-booth-980.jpg" alt="Totspot gave away jars of peppermint cookie mix at Pepcom" width="980" height="809" /></a><p class="wp-caption-text">Totspot gave away jars of peppermint cookie mix at Pepcom</p></div>
<p>Totspot is a social marketplace where members can share bargains, chat about current events that affect their family or get tips from other mothers – or fathers – on childrearing. You can follow a seller and pick up outgrown clothing as it becomes available from a family whose children are just a few sizes ahead of your own growing child.</p>
<p>It is easy to <a href="https://itunes.apple.com/US/app/id729244965" target="_blank">download the app</a> from iTunes. The recent funding will happily help launch an Android version soon. You can start recouping expenses as suggested by Beth Engelman, founder of <a href="http://mommyonashoestring.com/" target="_blank">Mommy on a Shoestring</a>. She estimates that most children wear about 30 percent of the clothing in their closets each year. To reduce the clutter she suggests getting rid of those unworn clothes. How better than by selling them on Totspot.</p>
<p>The post <a rel="nofollow" href="http://www.vrworld.com/2014/11/05/totspot-app-puts-money-back-moms-pocket/">Totspot App Puts Money Back in Mom’s Pocket</a> appeared first on <a rel="nofollow" href="http://www.vrworld.com">VR World</a>.</p>
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