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I am very excited to announce that YouRenew has been acquired by Clover Wireless, the leader in trade-in, trade-up, and contract repair services for the wireless industry.

When we started YouRenew in 2008, our goal was to provide a simple, trusted trade-in service for used gadgets. We have grown into a multifaceted company that provides consumers, enterprise clients, and partners in the wireless industry a full service solution for wireless device trade-in.

We have big plans for the future of wireless trade-in and were faced with a few options for how to get there. We considered raising another round of venture funding, but Clover offered a compelling option – we could join their team and help to build out the most comprehensive platform in the wireless industry.

Over the course of the last four and a half years, we have had a ton of fun building YouRenew. From the marketing stunts to late nights writing code to meetings with customers across the world, this has been a wonderful journey.

Our team is joining Clover, and we will continue to focus on building the best trade-in software possible and serving our awesome partners.

About Clover

Clover Wireless, a division of Clover Holdings Inc., is a global provider of private label trade-in, buyback and repair services offering vertically integrated customizable solutions for carriers, retailers and OEMs.

Clover is the industry leader, and in many ways Clover pioneered the take back of used assets from consumers – first with ink and toner cartridges, and now in wireless.

The leadership team behind Clover is top-notch. Clover’s management team has decades of experience developing private-label trade-in programs for some of the world’s biggest brands. The company is headquartered in Chicago, with offices worldwide.
To learn more, visit www.cloverwireless.com.

Thanks

Building YouRenew would not have been possible without all of our friends, family, investors, and customers.

We are eternally grateful for the unwavering support of our investors and mentors, especially Guy Minetti, Jarrod Yuster, Joe Pappalardo, Elon Boms, and Konstantine Drakonakis. Your support throughout the good times and the tough periods has meant a great deal.

Special thanks go to Jim Boyle and the Yale Entrepreneurial Institute (who first believed in our crazy idea and have stood by us at every step of the way) and to the YEI Class of 2008 – particularly to the team at PaperG.

To the YouRenew team: It is a pleasure to work with you, and I am incredibly proud of what we have built together. Jay, Brett, Wadsworth, Alex, Sam, Joe, Perrin, Ron, and all of the other former members of the team, THANK YOU.

Lastly, thanks to my exceptional parents, Bob and Jeanne. They have always supported my crazy endeavors and let me leave Yale to pursue the dream of building YouRenew (I still finished Mom, just like I promised!). I hope that I’ve made them proud.

Stay tuned, because we’re still just getting started!

Bob
Bob@YouRenew.com

ALSO: You can find Clover’s press release here.

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Advertisement for the Filbert 2790, the phone of 1911.

During the winter of 1911, magazine advertisements were recommending that bewildered American men who were shopping for Christmas presents, should buy their wife a Bell company telephone (image featured above):

Man, Get Her a Bell Telephone

That you Fondhusband?  This is Clause, – S. Clause. Wondering what to get your wife for Christmas? Suppose we have a telephone put in for her?

You and I know its wonderful usefulness in the rush of everyday business, but in the home – why man, I’m surprised you’ve been without it so long.  It’ll make life much more pleasant for your wife and she’ll always have things ready on time.

Take down your Bell Receiver and get Filbert 2790 this afternoon. The service costs a trifle, you know, and it’s paid for monthly.

Filbert 2790

To any 21st century “Fondhusbands” still struggling to purchase their wives and families the perfect Christmas gift we say: what have you been doing for the last month? And, as it turns out, 100 years later buying the latest electronic is still in fashion.  According to one list, electronics are actually dominating the best selling gifts this holiday season.  The list includes: the 4th Generation Apple iPod, the Palm Pixi Plus Verizon Cell Phone, the Apple Macbook Pro and the Amazon Kindle.   In fact, only two of the ten gifts are not electronic: the Burberry Brit and Love by by Sex in the City (we were surprised by this too.. apparently people really love their cologne) and the Amazon Gift Card (which is probably used for buying e-books for tablets… hence, this is essentially a debit card for electronics and is therefore, basically an electronic itself). This year it seems that Santa’s sleigh will be packed with some high tech gifts, making it a very 21st century holiday season.

To paraphrase a mentor of Spiderman, “With great gadgets comes great responsibility”.  Just remember, when you’re clearing the way for your new techy presents, be sure to properly dispose of last year’s electronic goodies – or you may get coal instead of the iPhone5 in Christmas 2012.  As we’ve reported in the past, the e- waste problem can zap holiday spirit.  About 400 million tons of e- waste is created every year, resulting in devastating health effects on entire communities.  Given the shorter and shorter lifespan of electronics – i.e., how frequently we replace them (especially around the holidays) – it is likely the amount of e-waste will increase in the future. Unless, we do something about it.  Is it too early to start talking about New Year’s Resolutions?  For now, visit www.yourenew.com to learn how you can sell your old electronics for reuse or recycling.  Do it before Christmas and use the cash towards holiday shopping. Tis’ the season to update your wife’s Filbert 2790.

Advertisement for the iPhone4s, the phone of 2011. 
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A group of marketing experts debating how to advertise electronic recycling.

Do you or your neighbors trash everything with no shame- including electronics? A recent law passed in Illinois will outlaw throwing away electronics, beginning January 2012.  Consumers will be forced to find a way to recycle them instead. Seems like an easy step towards a greener future, but recycling electronics is a still a new age phenomenon.

In an informal survey of some of my friends, I discovered that about 90% of them did not recycle electronics. Many cited the inconvenience of finding a vendor, others admitted they were too lazy, still others had no idea it was even possible. What happens to their old electronics? For the most part they sit around, gathering dust.  This unscientific research still points towards one conclusion: very few people seem to know that electronic recycling is the way of the future. Even if they do, they don’t realize just how easy it can be (insert plug for YouRenew here). As our world becomes more and more technology- dependent and as our households accumulate more and more electronic waste, it will become imperative to learn how to recycle these gadgets.  Not doing so could jeopardize our environment and our personal health.  Society must begin thinking about how to spread awareness of responsible electronic recycling, and how to make it accessible to all individuals.  How do we get the word out?

Do we reform classroom syllabi? Or, do we start trending #electronicrecycling on Twitter? How do we make it easy to do?  Do we create recycling bins for electronics right next to the ones for bottles and paper? Or, do we need a state law to get us motivated?

Share your ideas. Let’s RENEW (Awwww YEAH!) the recycling movement!

 

 

                                        

A few of our favorite things: job growth, recycling, and a healthy environment.

Republicans seeking an edge in the umpteenth GOP debate may want to read a recently published report by the National Resources Defense Council.  The environmental action group has released findings indicating that in going green we can make green.  More specifically, investing in national recycling strategies will stimulate long- term job creation.  “Hallelujah!” says a country facing a 9% unemployment rate.  (Hint: that country is the United States of America.)

According to the report, throwing things away (creating waste) does not require a ton of human resources; it’s not “labor intensive”.  You only need one or two dudes (relatively speaking) to get the job done. Generally, when you throw something away, the garbage truck picks it up, and it sits in a dump.  The report goes on to astutely point out that recycling requires a lot more minds at work: many different things can happen to a product that is recycled depending on what that product is.  Recycling is labor intensive.  To this end, in a moment of inspiration, the report renames the “waste sector” into the “materials management sector”.

Whoa!!

In the “Green Economy Scenario”, which imagines what would happen if America became a recycling maven and recycled 75% of its trash, by 2030 this recycling would be directly responsible for (drum roll): 2,347,000 jobs.

Trying to conceptualize this number? This is nearly 1.5 million jobs more than in 2008, when we were in the midst of economic crises.  These jobs would employ almost half of those who were considered long- term unemployed in October 2011.

By the way, according to some reports, unless we act fast 2012 could turn out to be 2008 Part II.  The timing of the report and the report’s findings beg for policy reform at the federal level: organizing a national movement towards recycling and recycling domestically will help stimulate job growth.  The icing on the cake? As if all this moolah wasn’t good enough, recycling 75% of America’s waste would dramatically reduce carbon emissions. In fact, in the 2030 utopia it would be the equivalent of removing (another drum roll): 50,000,000 cars.

So, the perks of recycling: domestic job growth, improved air quality and – don’t forget – some global r-e-s-p-e-c-t for our forward innovative policy making.

God bless America.

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Tiger Wood’s current phone: lesson learned.

What do Tiger Woods, Brett Favre and Senator John Ensign have in common? They were all scandalized by inappropriate text messages… and pictures.  You may not have anything as salacious saved on your phone, but just in case you are a celebrity- disaster- waiting- to- happen or a James Bond type looking to update your e- gadgets, YouRenew has the tools to make sure the information on your electronics remains private.

As a reminder, no matter what you want to recycle, visit YouRenew’s SecureDataWipe to protect your information.  To read more on why this is so important, refresh your memory by re- reading a past YouRenew blogpost.

Before recycling your phone, laptop or tablet always be sure to do a thorough cleanup of the information stored. It may seem obvious to delete sensitive data, but it’s easy to forget.  That’s not always a mistake you want to make.

 

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