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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
WeSpeakFootball
Ronaldinho Gaucho ● Moments Impossible To Forget
⏲ 7 minutes 51 seconds 👁 18.2M
JavierNathaniel
Neymar Jr ● Crazy Dribbling Skills ● 2014 2015 HD
⏲ 8 minutes 6 seconds 👁 4.8M
On March 8, 2014, Malaysian Airlines Flight 370, and its 239 occupants, took off from Kuala Lumpur International Airport with a final destination of Beijing, a journey that should have been no more than seven hours long. Not only did the Boeing 777 never make it to China, it hasn’t been seen since, and all its passengers and crew members are presumed to have died somewhere in the Southern Indian Ocean. <br/><br/>What sounds like an episode of \
MH370: The Plane That Disappeared: 5 Things To Know Before You Watch The Netflix Docuseries
⏲ 1:25 👁 5.7M
Plain Football
19 Minutes of Prime Ronaldinho Showing his Class
⏲ 19 minutes 14 seconds 👁 78.2K
Rptimao Videos
RONALDINHO 2005 06 👑 Ballon d'Or Level: Dribbling Skills, Goals & Passes ᴴᴰ
⏲ 17 minutes 59 seconds 👁 115.8K
A school in North Kensington is trialling 11 hour days where mobile phones are banned in order to improve communication skills.
London school to trial 11 hour days
⏲ 1:0 👁 1.2M
ArtSoccer
Ronaldinho Was an Unstoppable Monster in His Prime!
⏲ 8 minutes 27 seconds 👁 2.4M
GC10 EXTRA
New Zealanders will never forget this humiliating performance by Ronaldinho, Ronaldo & Adriano
⏲ 14 minutes 40 seconds 👁 2.1M
Can Chocolate , Be a Part of a Healthy Diet? .<br/>Have you ever wondered if chocolate can be included in a well-balanced diet?.<br/>The answer is yes, but it <br/>depends. Here's how to keep <br/>chocolate as healthy as possible:.<br/>Keep<br/>it Dark.<br/>Experts say milk chocolate lacks <br/>cacao, which contains <br/>antioxidants called flavanols.<br/>Even the highest quality milk <br/>chocolate bars won't contain much <br/>more than 27 percent cacao.<br/>Remember, the darker the chocolate, <br/>the higher the cacao.<br/> Quality <br/> Over <br/>Quantity.<br/>Experts say purchasing quality chocolate is much like buying top-shelf wine.<br/>Experts say purchasing quality chocolate is much like buying top-shelf wine.<br/>Pay attention to its origins and <br/>be mindful of the ingredients.<br/>The skill and mastery of the chocolate maker can help transform even a 100 percent cacao bar into something <br/>rich and creamy... , Megan Giller, author “Bean-to-Bar Chocolate: <br/>America’s Craft Chocolate Revolution,” via 'Yahoo! News'.<br/> Mindful <br/>Enjoyment.<br/>Chocolate aficionados say the <br/>flavors of a quality bar negate <br/>the need for large portions.<br/>Put a small piece in your mouth, chew a couple of times, but mostly let it melt over your tongue. , Michael Laiskonis, chef and director <br/>Chocolate Lab at the Institute of Culinary Education, via 'Yahoo! News'
Can Chocolate Be a Part of a Healthy Diet?
⏲ 1:30 👁 815K
iLance7i
Ronaldinho Gaucho Goals That SHOCKED The World
⏲ 7 minutes 1 second 👁 2.3M
Rptimao Videos
RONALDINHO 2006 07 👑 Ballon d'Or Level: Dribbling Skills, Goals & Passes ᴴᴰ
⏲ 13 minutes 1 second 👁 486.4K
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