TechForward Receives Funding for Guaranteed Buybacks

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TechForward Receives Funding for Guaranteed Buybacks
December 10, 2007What does TechForward do?

TechForward allows you to purchase a guaranteed buyback of products.

VCU says:

TechFoward offers their service called Guaranteed Buybacksâ„¢. For a fee you can purchase the right to have TechForward purchase your product in the future for a guaranteed price.

Currently they only offer the serivce for laptops and iPods, but state they will offer the service for other products as well.

Essentially it is a type of insurance. As an example their homepage states for $59 you can lock in the Guaranteed Buyback of a laptop for $680 if you sell back within the first 12 months, $510 if you sell back during the next 12 to 18 months, and $480 if you sell back between months 18 and 24.

For those that upgrade often and end up with a pile of electronics every year, this is a simple solution to obtain money for your hardware.

Take a look at TechForward.

Founders:

NA

Funders:

Read more about First Round Capital here.

Read more about New Enterprise Associates (NEA) here.




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