Welcome to 60 seconds with... where we interview a great business every month.
This month, we met with Depop's CEO, Maria Raga, to get the low-down on her best business advice and highlights in a minute or less!
PayPal (PP): Hi Maria, thanks for joining us today. As Depop's CEO, can you tell us a bit about your business please?
Maria Raga (MR): We are the youth, fashion, design and culture marketplace, an app for buying and selling, inspiring and getting inspired.
PP: How would you describe your customers?
MR: We have a very engaged, creative and passionate community that uses Depop to create their own brand/shop, trade or simply discover new trends.
PP: What’s been your biggest highlight since starting your business?
MR: We have loads: launching in the US; reaching 5 million customer registrations; fundraising over $20 million; and moving to our new office in Shoreditch recently.
PP: What would you say is the one thing your business couldn’t function without?
MR: Our passionate team and our hosting servers (of course!).
PP: How has the growth of mobile impacted your business?
MR: We are mobile first. Our founder saw its potential before anyone else.
PP: What is your favourite thing about using PayPal?
MR: Easy, reliable and reputable.
PP: If you were to give one piece of advice to other businesses, what would it be?
MR: Make your business scalable by thinking big and staying true to your roots.
PP: Finally, if you were stranded on a desert island, what 3 things would you take with you?
MR: Only need two: a knife and my family. I am pragmatic and have my priorities straight.
PP: Thanks for joining us for 60 seconds Maria!