Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC, TechStars Or 500 Startups-Backed Companies

Twice, a secondhand clothing marketplace?with $4 million in funding, has come up with a creative way to hire new talent. The company is now putting up $1 million to acquire any Y Combinator, 500 Startups or TechStars company, or any similarly qualified team. Twice is calling this hiring initiative the "Restart Fund," a tongue-in-cheek play on "Start Fund," the joint venture that currently provides $150,000 to every graduating YC startup. The $1 million is coming out of the $4 million Twice raised in August, but will be a mixture of cash and equity, explains?CEO Noah Ready-Campbell.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/B8MoFHzUAes/

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