One of the ideas behind FOBO is that the market for popular consumer electronics is surprisingly liquid, even with a small number of users (>=1K). By guaranteei

One of the ideas behind FOBO is that the market for popular consumer electronics is surprisingly liquid, even with a small number of users (>=1K). By guaranteeing a selling price near what you get on eBay, we try to completely remove market liquidity from your decision of whether or not to sell on FOBO. About half our items end up going to real buyers for at or way above starting price, in which case we don't step in to handle the resale.