Spun.com is the Web's first cash-free exchange of digital entertainment
products (CDs, DVDs and video games). Founded in 1998 by brothers
Andrew and Steven Grundy, Spun was built on their vision to create
an online music exchange. With Andy's music industry experience and
Steve's entrepreneurial skills, operational knowledge and Internet
expertise, the two realized a lifelong dream in Spun.com.
Today, Spun.com offers users the ability to trade-in their used,
unwanted CDs, DVDs and digital games for instant online credit towards
the purchase of new or used CDs, DVDs or games, eliminating the
need for cash or specific trading partners. Spun's innovative approach
has carved a new niche in electronic commerce.
Spun's Management Team
Fact Sheet
Problem: Everyone has old CDs and other entertainment lying
around, collecting dust. Tastes change and old CDs, DVDs and games
become obsolete.
Solution: A cash-free 'recycling' program of sorts, Spun
gives users instant online credit toward the purchase of a different
CD, DVD or video game.
The Spun Advantage:
- Buy and sell in one order
- Real-time price quotes for trade-ins
- Spun's consumer-driven pricing system keeps track of what Spun
has in stock -- and adjusts our buy and sell prices accordingly
Spun is not an Internet company, but a company that does business
on the Internet, using the best features of the Web (inventory and
search) to carry out its exchange of physical product.
- A Napster for physical media
- Cash free exchange for the cash-poor consumer
- Smart E-commerce
- Dynamic Pricing Formula based on supply and demand
- High margins for company with lowest price for customer
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