gilt groupe

  • Kevin Ryan on the Importance of Presentation

    (Founder Stories) Gilt's Kevin Ryan—It Is All In The Presentation (TCTV)

    Chris Dixon wraps his Founder Stories interview with Gilt Groupe’s CEO and Founder, Kevin Ryan by discussing the early sales strategy of Gilt – a strategy that was designed to build customer and brand loyalty, but not the bottom line, at least initially. Revisiting the launch period around four years ago, Ryan says, “we were going to make $4,000 for us on a sale and I… Read More

  • Gilt CEO Kevin Ryan on The Bubble

    (Founder Stories) Gilt Groupe’s Kevin Ryan Says There Is No Bubble (TCTV)

    Heading into TechCrunch Disrupt, New York, we pulled a couple excerpts from Chris Dixon’s freshly shot Founder Stories interview with Gilt Groupe’s CEO & Founder, Kevin Ryan. Ryan, who will be speaking at the conference dismisses talk of the so-called “tech bubble” and dives into the “renaissance” of the New York Tech scene. Responding to a recent… Read More

  • Exclusive: Gilt Taste Is Cooking Up An iPad App That Will Let You Swipe Without Touching

    Earlier today, Gilt launched the latest addition to its group-buying sites with Gilt Taste—a very pricey online purveyor of produce, meats, fish, cheese, and other “artisinal” foods. While it’s easy to get distracted by the jaw-dropping prices ($50 steaks anyone?), the part I find interesting is that Gilt Taste is also an online magazine. Mouth-watering food… Read More

  • Gilt Groupe Nabs $138 Million From Softbank, Goldman, Other Investors

    Luxury group buying service Gilt Groupe is joining the mega-round bandwagon today with a new $138 million funding, led by Softbank, which took nearly half the round. Goldman Sachs, New Enterprise Associates, Draper Fisher Jurvetson Growth, Pinnacle Ventures, TriplePoint Capital and Eastward Capital also participated, as did existing investors General Atlantic and Matrix Partners. Gilt… Read More

  • Gilt Groupe Acquires Interior Design Community Decorati

    Flash sales giant Gilt Groupe has acquired home decor site Decorati. Terms of the deal were not disclosed. Founded by interior designer Shane Reilly, Decorati launched in 2009 as an online platform for both interior decorators and consumers who are looking for professional design advice and guidance. Decorati essentially aims to democratize the interior design community by bringing the… Read More

  • Group Buying Industry In U.S. Estimated To Grow 138 Percent To $2.7 Billion This Year

    Group Buying Industry In U.S. Estimated To Grow 138 Percent To $2.7 Billion This Year

    The group buying industry has sprung out of nowhere over the past two years. A new report (embedded below) by daily deal aggregator Local Offer Network puts the U.S. gross revenues across the industry at $1.1 billion last year, and estimates gross revenues will grow 138 percent to $2.7 billion in 2011. Groupon alone, according to other sources, is expected to bring in between $3 billion and… Read More

  • Nordstrom Acquires Flash Sales Site HauteLook For $270 Million

    In one of the larger exits so far in the flash sales business, retail chain Nordstrom has acquired flash sales site HauteLookfor $180 million in Nordstrom stock and three-year earn-out of up to $90 million. HauteLook has raised $41 million in funding. Thanks to the immense popularity of members-only, online sample sales, HauteLook has grown to 4 million members since launching in 2007. The… Read More

  • Gilt Gives The Ultimate Auto Deal For Christmas: $10,000 Off A Jetta

    Gilt Gives The Ultimate Auto Deal For Christmas: $10,000 Off A Jetta

    It looks like you’ll soon be able to shop for cars on flash sales sites. Gilt Groupe has just announced a first-ever auto flash sale of a Volkswagen Jetta on the site. Beginning on Wednesday of this week, Gilt will sell 3 brand new 2011 Jettas to members at $5,995, which is down from a starting list price of $15,995. The company says the flash sale will take place over three days… Read More

  • The Biggest Gilt/Groupon Knockoff Network You've Never Heard Of (TCTV)

    The Biggest Gilt/Groupon Knockoff Network You've Never Heard Of (TCTV)

    We all know that the early success and insta-revenues of companies like Gilt Group and Groupon have inspired more clones than Jango Fett. But while profitable and growing, my impression was that most of them are one-off rounding errors compared to Groupon’s swelling revenue estimates – numbers that seem to go up in the press by $100 million every time they don’t have any… Read More

  • BaubleBar Raises $1.1 Million From Accel, Founder Collective, And Lerer Ventures

    Today, jewelry flash-sale site BaubleBar officially launched. Previously known as Eight1six, BaubleBar offers fashion jewelry at deep discounts for limited periods of time. The company was founded by Daniella Yacobovsky and Amy Jain, two recent Harvard Business School grads who previously worked in investment banking. The New York City startup also raised $1.1 million in a series A… Read More