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Thomas Plantenga bet the future of Vinted on a television advertisement. The secondhand clothing resale app was burning $1 million per month and had less than a year of cash left when Plantenga made an $800,000 gamble on French television. It was May 2016, and Plantenga had recently been hired to save the eight-year-old Lithuanian startup. After its founding at a college party in 2008, Vinted had grown rapidly as people from 10 countries used its platform to buy and sell secondhand clothes. <br/><br/>But it was free for users, barely covering its server costs with advertising, and an attempt in 2014 to bolt on a Poshmark-style 20% sales commission resulted in a user revolt. Traffic almost halved overnight. The Netherlands-born Plantenga, who had never been to Lithuania, signed up for a five-week gig as a consultant in May 2016. He ended up becoming Vinted’s CEO 18 months later.<br/><br/>Seven years later, Vinted is one of Europe’s largest consumer marketplaces, with over $600 million of revenue in 2023. It now counts 100 million users glo­bally. Last year, it posted its first annual profit—at least $20 million—distinguishing it from its loss-making American cousins including The Real­Real (valued at $360 million), ThredUp ($200 million) and Poshmark (sold for $1.2 billion). Vinted became the Baltic nation’s first unicorn in 2019 when it raised $140 million at a $1.1 billion valuation, and sales have since grown sixfold. <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/iainmartin/2024/04/15/how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold/?sh=5a47e3eaa3f0<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
How Lithuanian Startup Vinted Spun Secondhand Clothes Sales Into Gold | Forbes
⏲ 5:56 👁 1.4M
tapthatt2012
Andre' Christmas Ad 1970s
⏲ 30 seconds 👁 222
Rad Universe
Early 90's Nike Commercial with Andre Agassi
⏲ 30 seconds 👁 18.7K
Bollywood Diva Aditi Rao Hydari has a massive fan following, her fans adore her not just for her beauty, but for her exceptional and stunning fashion sense as well. The diva knows exactly how to elevate her gorgeous features and set major fashion goals. She was recently spotted donning a fabulous, unique and stylish black floral Co-ord set.<br/><br/>#aditiraohydari #heeramandi #ethnic #fashion #traditionalfashion #trending #viralvideo #bollywood #ians
Aditi Rao Hydari’s pretty floral Co-ord set is perfect for Evening parties
⏲ 1:47 👁 2.2M
Not Your Dads TV Ads
Drumstick: Bag Check (ft. Eric Andre) Super Bowl LVIII (58) 2024 Commercial
⏲ 16 seconds 👁 1.1K
Bionic Disco
Andre Champagne 'New Year' Commercial (1979)
⏲ 35 seconds 👁 1K
Former President Trump raises a fist upon departing Trump Tower.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com
BREAKING NEWS: Trump Raises Fist Upon Departure From Trump Tower To Attend Hush Money Trial Hearing
⏲ 0:41 👁 3.1M
A. Nadeau
Andre Agassi & Pete Sampras Nike (2000)
⏲ 31 seconds 👁 160.4K
Inspirasi Audio
Trio Kurnia Eps.7- Kelakuan Anggota Prediksi Tersayang | Vincent, Andre & Desta#noida #triokurnia
⏲ 51 minutes 10 seconds 👁 159
During remarks on the Senate floor, Senate Minority Leader Mitch McConnell (R-KY) spoke about the impeachment trial of Mayorkas.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com
Mitch McConnell Warns Against 'Unprecedented' Tabling Of Mayorkas Impeachment Articles
⏲ 3:26 👁 2M
Watch Tadaima Okaeri EP 3 Only On Animia.tv!!<br/>https://animia.tv/anime/info/169698<br/>New Episode Every Monday.<br/>Watch Latest Anime Episodes Only On Animia.tv in Ad-free Experience. With Auto-tracking, Keep Track Of All Anime You Watch.<br/>Visit Now @animia.tv<br/>Join our discord for notification of new episode releases: https://discord.gg/Pfk7jquSh6
Tadaima Okaeri EP 3
⏲ 23:40 👁 2.6M
Watch Tsuki Ga Michibiku Isekai Douchuu 2nd Season EP 16 Only On Animia.tv!!<br/>https://animia.tv/anime/info/139518<br/>New Episode Every Monday.<br/>Watch Latest Anime Episodes Only On Animia.tv in Ad-free Experience. With Auto-tracking, Keep Track Of All Anime You Watch.<br/>Visit Now @animia.tv<br/>Join our discord for notification of new episode releases: https://discord.gg/Pfk7jquSh6
Tsuki Ga Michibiku Isekai Douchuu 2nd Season EP 16
⏲ 23:40 👁 2.4M
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