Ranan Lachman’s life purpose is to conserve the planet by reducing over-consumption for 10 million people by 2050. To that effect, Ranan founded www.Pley.com, a leading sharing economy platform for toys. Pley.com, ‘the Netflix for toys,’ is the world’s largest subscription service for toys servicing thousands of children throughout the US.
Pley.com makes it possible for families to save up to 70% on toys, and provides a convenient service that reduces clutter and benefits the environment by prolonging the life cycle of each toy. Pley’s members make a ‘Pleylist’, a list of all the toys they wish to play with from Pley’s catalog of 400+ toys. They receive a toy in the mail, and after playing with it, send it back so it could be shared with another child.
Lachman launched the company with 37 LEGO sets that he borrowed from his son and was shipping out of his garage. Now, Pley has moved to an 8,000 square foot warehouse with over 150,000 toys.
Giving back to the community has always been extremely important to Lachman. Pley has partnered with Second Change Toys, a non-profit, and donates a toy to underprivileged kid for every new member that joins the service.
Prior to Pley, Ranan was a technology investment banker conducting cross-border mergers and acquisitions and initial public offerings, an associate at a venture capital firm, and served as a F-4 fighter pilot in the Israeli Air Force.
He founded both GreenCrest Capital, a financial advisory firm that was acquired by Oppenheimer (NYSE: OPY), and the Sharing Economy Forum, a non-profit organization that brings together leading CEOs, thought leaders and academia to establish standards for Sharing Economy companies.
Ranan obtained his MBA from Warwick University and the Fuqua Business School at Duke University and a BA in Computer Science. He is also a triathlete and has completed several marathons and ironman races. He currently lives with his wife and two LEGO-loving kids in Los Gatos, California.