Wayfair
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Wayfair takes on Pinterest with its own visual search engine for home furnishings
Pinterest and Google’s recent moves to leverage visual search technologies to connect consumers with products have not gone unnoticed by those in the e-commerce business. One company, Wayfair, is taking inspiration from these efforts with a new feature for finding home furnishings that allows consumers to take a photo of something they like, then see related styles on Wayfair’s… Read More
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Wayfair snatches up Boston startup Trumpit to bring photo & video messaging to its mobile app
Online furniture shop Wayfair has acquired a Boston-based mobile messaging application called Trumpit, with the aim of utilizing its technology in order to expand its customer service offerings. So yes, that means messaging will be a part of the mobile Wayfair application in the future. Today, the app only offers users the ability to email or call the company when they click into the… Read More
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Crunch Network
Unpacking Etsy’s S1
Etsy’s S1 filing didn’t disappoint. Etsy is a powerful business with extraordinary network effects. Its customers are extremely loyal, and its committed sellers are earning significant income. But there are legitimate concerns: it is the quintessential case study on the challenge of low margin platforms. Additionally, it faces uphill challenges – a slowing growth curve… Read More
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Wayfair and HubSpot IPOs Could Be Just The Beginning For Boston Startup Scene
While Silicon Valley firms hold back on their IPOs and there’s hand-wringing over burn rates, two Boston-based startups had highly successful IPOs less than a week apart. Just over a week ago, furniture shopping service Wayfair went public and raised over $300M in its IPO, then HubSpot had a successful IPO of its own a week later. I think it’s safe to say the Boston startup scene… Read More
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Boston Wraps Up Its Best Venture Quarter In Years
The TechCrunch wrecking ball is smashing into Boston as startups in the city are coming off their best quarter in years. Boston-based startups managed to haul in over $1.2 billion in venture financing in 142 deals for the quarter, marking the strongest fundraising environment for Boston tech startups since 2009. Read More
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On The Road To An IPO, Wayfair Picks Up $157M
On the way to an initial public offering later this year, the home furnishing online retail juggernaut Wayfair has picked up $157 million in a new round of funding. The online retailer is mum about who’s doing what with whom as far the plans for a public offering are concerned, but The Wall Street Journal is reporting that Goldman Sachs, Citigroup, Allen & Co. and Bank of America are… Read More
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In A Post-Amazon World, E-Commerce Site Wayfair Wants To Win At Selling Home Goods And Furnishings
Taking on Amazon when it comes to e-commerce can be a futile effort. There are only a handful of e-commerce companies that have successfully been able to build a billion dollar-plus business in e-commerce (without having physical stores) in a post-Amazon world. Zulily is one of those companies. Another one, which has stayed relatively under the radar, is Boston-based Wayfair. Read More
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Wedo Raises £3 Million Led By MMC Ventures. Because Furniture.
Admittedly, I didn’t exactly jump at the chance to cover this story. Because furniture. But, as boring as this e-commerce category might seem, VCs continue to pile in money. This time the recipient is London-based startup Wedo. Read More
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Online Retail Giant CSN Stores Rolls Its 200+ Shopping Sites Into One Brand: Wayfair.com
Exclusive – After just having raised a ton of money ($165 million in venture capital in its first institutional funding round since its inception), online home-goods retailer CSN Stores is today consolidating its 200+ shopping sites into a single ecommerce website under one brand: Wayfair.com. The rebranding has long been rumored, and the company publicly stated that it would be… Read More
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