""We came in with a very 'duh' hypothesis, which is that people actually like to buy from people who they like and from people who they trust," said Koai. "It's the same reason you buy something in a store.""
""Services like Amazon, Facebook, and eBay were built two to three decades ago for another era when making payment transactions or social feeds work were hard enough to get right," said Steve Jang. "Today, people want to have that all happen fluidly in one easy, real-time, community-driven experience where transactions happen instantly.""
Crazy Lamp Lady, known as Jocelyn, engages her audience of hundreds, encouraging them to list items that aren't ultra-rare. District, an AI-powered platform for online sellers, was founded by former Snapchatters and recently raised $14.7 million in a seed round. Investors include Andreessen Horowitz and Kindred Ventures. The platform aims to create a seamless, community-driven shopping experience, reflecting the evolving $7 trillion ecommerce market and shifting consumer behaviors towards instant transactions.
Read at Fortune
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