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Summary:

We’ve been wondering what the former CEO of biodiesel company Imperium Renewables, Martin Tobias, was going to do next. When we interviewed the serial entrepreneur and angel investor back in May at the Future In Review Conference he said he was mulling over his options — […]

We’ve been wondering what the former CEO of biodiesel company Imperium Renewables, Martin Tobias, was going to do next. When we interviewed the serial entrepreneur and angel investor back in May at the Future In Review Conference he said he was mulling over his options — including the intersection of Internet and green — and said he still had another company in him. Well, we caught up with Tobias this morning, and he confirmed that he has founded and is running re-commerce company Kashless.org (noted here and here, and in this job posting).

Tobias won’t say much about the company, and the site is in private alpha right now. But Kashless is a return to the software/Internet side of green, and Tobias previously founded and ran streaming-media company Loud Eye. And compared to running Imperium, which raised hundreds of millions and was at one time planning an IPO, Kashless sounds like a much less capital-intensive way back into the entrepreneurial world.

On the job listing sites Kashless is described as a:

ReCommerce community and platform enabling person to person product reuse, sharing, lending, trade and other “cashless” transactions. By increasing reuse, Kashless.org will divert a significant amount of waste from the landfill and extend the useful life of many products. The company is fully funded . . .

Tobias writes on his blog about a formative experience of cleaning out his garage and trying to sell old, but still good, stuff that lead to forming Kashless:

In the end I got rid of everything but it was WAY TOO HARD and took way too much time/energy/effort. Heck, I was trying to give something away for free!

As Tobias points out in his blog post, there are a variety of web sites out there that help sell and swap used goods online. Craiglist, Freecycle, less well known sites like SwapThing and several Facebook applications come to mind. But it does still take a large amount of time and effort to get your stuff swapped or sold — perhaps Tobias has a better way.

By Katie Fehrenbacher

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  1. Sounds like Craigslist reinvented. Still, he’s up in state that may not have good Craigslist penetration. Ever try using CL in South Carolina or Montana? There’s no point.

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  2. [...] capitalist who last December quit as CEO of Seattle-based biodiesel maker Imperium Renewables. Katie, Eric and others report that he’s launched Kashless, a stealth startup that melds software with [...]

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  3. [...] October 29th, 2008 at 5:30 pm in Misc Kashless Raises $5M in Cash: We know ex-Imperium CEO Martin Tobias is working on a new “recommerce” startup called Kashless, but now we learn he’s gotten $5 million in Series A funding led by RRE Ventures – [...]

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  4. [...] Raises $5M in Cash: We know ex-Imperium CEO Martin Tobias is working on a new “recommerce” startup called Kashless, but now we learn he’s gotten $5 million in Series A funding led by RRE Ventures – [...]

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  5. [...] comes out of Kashless, a local classifieds system founded by Tobias, the former CEO of biodiesel company Imperium Renewables. Around the same time last year [...]

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  6. [...] comes out of Kashless, a local classifieds system founded by Tobias, the former CEO of biodiesel company Imperium Renewables. Around the same time last year [...]

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  7. [...] comes out of Kashless, a local classifieds system founded by Tobias, the former CEO of biodiesel company Imperium Renewables. Around the same time last year [...]

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