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§ Private Profile · 410 Saw Mill River Road Suite 2065 Ardsley, NY 10502 United States
TradeOut.com is a company.
Key people at TradeOut.com.
TradeOut.com was founded in 1999 by Tom Boyle (Co-Founder).
TradeOut.com operates a business-to-business marketplace for efficient buying and selling of surplus inventory and idle assets. It provides a digital environment for companies to liquidate unwanted corporate goods, from industrial equipment to consumer goods. The platform streamlines asset recovery through listing, bidding, and transaction management, digitizing a complex process.
Brin McCagg founded TradeOut.com in 1998, observing businesses' inefficiencies managing excess inventory. An experienced entrepreneur with private investment fund experience, McCagg envisioned an internet-based solution. He aimed to create a transparent, accessible market for these assets, establishing a digital exchange to connect corporate supply with demand.
The marketplace served large corporations optimizing asset recovery, alongside liquidators and discount retailers. TradeOut.com’s vision was to become the definitive digital hub for corporate surplus, transforming an inefficient segment into a dynamic online economy for secondary goods.
Key people at TradeOut.com.
TradeOut.com was founded in 1999 by Tom Boyle (Co-Founder).
TradeOut.com was an internet software and services company that operated an online business-to-business (B2B) marketplace focused on facilitating the buying and selling of business surplus and off-lease assets across various industries. Its platform served large enterprises, including Fortune 10,000 companies, as sellers, while buyers included liquidators, auction services, and discount retailers. TradeOut.com addressed the problem of efficiently managing and monetizing surplus business assets, helping companies reduce waste and recover value from excess inventory. The company demonstrated significant growth momentum, raising a total of approximately $76.84 million before being acquired in 2001[1][2][3][4].
TradeOut.com was based in Ardsley, New York, and incorporated in Delaware. It was founded in the late 1990s or early 2000s, during the rise of internet marketplaces. The company attracted notable investors such as DoveBid, J.P. Morgan Chase, GE Capital, Benchmark, and eBay, reflecting strong backing from both financial and strategic partners. The idea emerged from the need to streamline surplus asset liquidation for large corporations, providing a digital platform that connected sellers and buyers more efficiently than traditional methods. Early traction included securing major corporate clients and raising multiple funding rounds, including a $22 million third round, before its acquisition in 2001[2][4][5].
TradeOut.com was part of the early wave of internet marketplaces that digitized traditional asset liquidation and surplus sales. It capitalized on the growing trend of B2B e-commerce and the increasing need for companies to optimize asset management in a cost-effective manner. The timing was critical as the internet was becoming a mainstream business tool, enabling more efficient and transparent transactions. Market forces such as globalization, corporate downsizing, and the rise of off-lease equipment markets worked in its favor. TradeOut.com influenced the broader ecosystem by demonstrating how digital platforms could transform surplus asset management, paving the way for more specialized B2B marketplaces.
Although TradeOut.com was acquired in 2001, its model anticipated ongoing trends in digital marketplaces and asset management. Future developments in this space continue to focus on leveraging technology for supply chain optimization, sustainability through asset reuse, and data-driven inventory management. The company’s early success and acquisition suggest it played a foundational role in shaping how surplus business assets are traded online, a practice that remains relevant as companies increasingly seek efficiency and circular economy solutions. Its influence likely persists in successor platforms and services that build on its marketplace concept.
