Over Christmas, employees at ModCloth, the indie and vintage fashion site founded by a husband and wife team, noticed that about 30 percent of the site’s visits were coming from mobile devices. The staggering shift in consumer habits from desktop devices to smartphones and tablets that caught companies like Facebook off-guard was starting to affect smaller online retailers, too. So ModCloth… → Read More
For all the excitement around commerce these days, there have been only a few really big changes in the last 100 years. Sears pioneered the mail-order catalog, chains like Walmart consolidated big box retail, and Amazon brought inventory online. After more than 10 years of growth, e-commerce only accounts for about 8% of total commerce in the US. Clearly, we have a long way to go in moving more… → Read More
Editor’s note: This post is the second part of an analysis of different consumer Internet business models by guest author Steven Carpenter. It is suggested that you first read Part I.
Most consumer Internet startups fall into a baker’s dozen of possible business models. In the first part of this post, I tried to lay out the three main buckets those business models fall into (media, paid service… → Read More
Indie fashion site ModCloth has raised $19.8 million in Series B funding in a round led by Accel Partners, with participation from existing investors Floodgate and First Round Capital. As part of the deal Accel’s Theresia Gouw Ranzetta will join ModCloth’s Board, joining Mike Maples (Floodgate) and Josh Kopelman (First Round), along with ModCloth cofounders (and husband-and-wife) Eric and Susan… → Read More
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