Business Strategist, Joe Pardo reacts and gives his advice to the business Retold Recycling pitch from Shark Tank Season 14 Episode 14.
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Learning a lot. Love the follovv-ups…
Awesome to hear! I appreciate you L.A.F.!
Very confusing business model.
If you have an in person white collar job you likely do unless you or your spouse clean it.
What about the carbon emissions from mailing a 5 lb package? By the time you recycle or repurpose the stuff inside the package, I feel like it would probably be a wash, environmentally speaking. It’s the sort of thing people do to feel “green”….but it’s not really so green when you actually break it down. (See also: driving an EV, not using plastic straws, I could go on.) This smacks of greenwashing and I’m shocked they got a deal.
Thank you. I can’t stand the people that carelessly throw around the word “sustainable” or “green”. Why? Because the people that stand to gain from it said so? Ridiculous. Also correct on EVs. Forgot to mention wind turbines too. They try to take down these flags only to replace them with something just as bad, worse, or such an absurdly marginal environmental improvement.
Reducing is better than recycling. Do not buy too many clothes , do not use any straws regardless of materials etc. easiest way to be green is to be poor but they convince us we are the problem
I did my thesis on waste. I can’t say for sure about if the math totally checks out for this exact scenario, but I think we are able to transition to more sustainable energy for transportation like electric cars and trucks faster than we can manage the trash fiasco. Waste is a serious issue that gets very little coverage compared to GHGs.
Have you ever seen the textile mountains in Ghana? It’s tragic. At least this solves that issue
No way. This is a bust.
Nah. Just do a clean out day and I just give all my clothes in one shot. Or if it’s not worth your time as much as it seems environmentally wrong.. throw clothes away.
I’ve used their bags before. Despite the way the conversation turned in the episode, their service is primarily for recycling clothes that you cannot donate at other charities, because they would throw them away. Old, stained, with holes… Underwear, clothes with very specific logos or prints that nobody would buy (eg: local volleyball team t-shirts). You can still donate most of yours clothes as you usually do, and then send Retold the rest.
The point is to reduce the amount of clothes that end up in landfill.
This is not a business
I don’t see this being a big business. As an example, all my non-wanted undies and shoes, I wash and drop them off to the men’s homeless shelter. I asked them, do they accept clean, used underwear? They said yes.
Primark UK, for example, has clothing bins in their stores, where you can drop off any brand of clothing and they will recycle.
In the US we don’t have that many accesible services to recycle our clothes, most of them are for donations.
The good thing about retold is they’ll take that used underwear that’s stained or torn, which would otherwise end up in the trash.
I get a bad vibe from these people.
Love your videos, however I don’t understand the product
Hey Joe! Thank you so much for covering Retold Recycle’s Shark Tank episode! I have been following them for years and I use their service. It was so interesting so look at them from a business perspective rather than just an environmental perspective
Only way this might work if there are bag drop off locations that utilize empty space in distribution trucks similar to Amazon returns at Kohls stores.
Nope, it’s a dumb idea. Goodwill is everywhere and so are clothing recycling containers. I have one down the block from me.
Dumb dumb idea. They have clothes recycling boxes everywhere and Goodwill’s everywhere. No one is paying $15 to throw away a few clothes when I can use a garbage bag full of clothes and drop them off at goodwill for free.
Most of the clothes donated to goodwill end up in landfills because they’re not fit for resale. That’s why this company is great, and Mark understood that! I bet the other sharks just don’t wear their clothes until there are holes in them cuz, well, they’re rich!
yes, I had hoped they would mention that! I suppose digging deeper into the environmental/sustainability effect aren’t pertinent to this quick, Shark Tank pitch.
Cant believe they countered and took that long to think about it
Thank you so much! I appreciate you! Happy to have you in the Super Community!
To address the issue of circulating more plastic bags: Retold made a deliberate point of using compostable & biodegradable material for their bags
I appreciate you watching and commenting Stephan!
You bet. I’ve been a Retold customer for a couple of years now (their bags make awesome holiday gifts) and I’m glad to see the company getting some publicity.
That is great to hear!! 🙂
This business pitch was so complicated to understand. I did not understand what’s happening
What’s wrong with Salvation Army and Good Will?
My local Salvation Army has a free pickup service