About this episode
Sarah Davis is the founder and president of the luxury resale company Fashionphile. Davis was a self-proclaimed “debate nerd” during her teens and had early aspirations of becoming a lawyer. After earning her undergrad, she quickly enrolled in law school at the University of Maryland. Growing up, Davis had become accustomed to taking odd jobs to pay for things like clothing, so she applied that same mentality to putting herself through school. To make money, she cut boys’ hair in the dorms and even started a peer-to-peer used lawbook platform with her brother-in-law called lawswap.com . She also began selling her belongings on eBay for extra cash, and that’s when she realized that there was a largely untapped market for luxury resale. In 1999, she created a storefront on eBay called Fashionphile, focused on reselling luxury handbags, and was soon able to make enough money to pay off her student loans. Although Davis did graduate from law school and even pass the bar, she had found her true passion in growing her resale business and decided to opt out of pursuing a law career. She ran Fashionphile on eBay for the first several years of the business before bringing her brother-in-law into the fold and legitimizing the brand with its own website. Today, over 25 years later, Fashionphile is the largest platform in the country for buying and selling pre-owned, ultra-luxury accessories. The brand now has headquarters in San Diego and New York City, an office in Tokyo, and retail locations all across the country.