Flipswap (Great idea) gets funding!

Posted by Tom Blue on November 12, 2008 under Companies, Funding, Technology | Be the First to Comment

I noticed on TechCrunch that Flipswap just got $14M in funding. The company’s model stood out for me because I just saw a special on 60 Minutes on electronic waste coined “eWaste.” Apparently 100 million cell phones are thrown out every year. The problem is that our electronics like cellphones, laptops, and monitors are shipped to other countries to be decomposed and melted down and the regulations in these countries can be extremely poor. Meaning when these products are broken down they are just releasing this pollution in the sky and many of the workers can get sick from this process.

It looks like Flipswap can not only help the environment but also help your pocketbook.