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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 👁 1.5M

Staсy

Transparent Clothes at Mall | See-Through Try On Haul with Stacy

⏲ 1 minute 49 seconds 👁 9.3K

Pearl

Promiscuous Women will always Find a Simp | Pearl Daily

⏲ 50 minutes 26 seconds 👁 7.4K

PNM Tobago Council Political Leader Ancil Dennis is challenging the media in Tobago to be transparent and unbiased in their reporting. This, in response to a statement by a Tobago media house that the necessary approvals for the ANR Robinson International Airport expansion project were not obtained by Central Government.<br/><br/>Mr. Dennis, armed with his documents, accused the media house of not doing its homework. Elizabeth Williams has more on this story.

THE MEDIA MUST BE TRANSPARENT

⏲ 2:29 👁 1.1M

Wonderhubzz

Transparent Dress Challenge #1I Love the Blonde Girl...!!!SO CUTE..

⏲ 1 minute 11 seconds 👁 95.4K

Combat Veteran Reacts

Abrams Pulled Off the Front!-Era of the Tank is Over!

⏲ 13 minutes 30 seconds 👁 38.9K

The LG Signature OLED T, aka LG's transparent OLED TV, just made its surprise debut at CES 2024 in Las Vegas. The see-through screen is a total show-stopper, switching between a normal-looking OLED TV to a transparent display with a separated contrast layer that rolls away with the press of a button. Is the best TV at CES 2024? We'll have to see, but it's certainly made a strong first impression at our hands-on demonstration at the show.

Transparent LG OLED TV | Tom's Guide

⏲ 2:49 👁 950K

4 Green Resolutions<br/>to Begin on Earth Day.<br/>This April 22, celebrate Earth Day by taking<br/>steps towards living a more eco-friendly lifestyle.<br/>Here are four easy resolutions<br/>to adopt that will help create<br/>a cleaner, safer world.<br/>Use Less Water, Only 3% of the water on Earth is freshwater, meaning conservation of this limited resource is key.<br/>Cut down on usage by taking shorter showers, turning off your tap water when it’s not in use and only running the dishwasher once it’s full.<br/>Take Up Thrifting, Most clothing takes up to 200 years to decompose in landfills.<br/>Rather than playing into the damaging cycle, donate your used clothing and buy from secondhand shops.<br/>Keep Your<br/>Neighborhood Clean, Debris and trash can build up and have a deadly effect on the environment.<br/>Instead of being a passerby, take<br/>the time to pick up the trash you<br/>spot and dispose of it in a proper way.<br/>Choose Reusable<br/>Over Disposable, At the world’s current rate of waste, about 12,000 metric tons of plastic waste will be produced by 2050.<br/>Use reusable water bottles and canvas bags<br/>when shopping in order to cut down on<br/>your contribution to the growing issue

4 Green Resolutions to Begin on Earth Day

⏲ 1:15 👁 190K

The UN Human Rights calls for an independent and transparent investigation into the mass graves found in and around hospitals in Gaza, including the Nasser Hospital.

AWANI Tonight: UN Human Rights calls for independent investigation on Gaza mass graves

⏲ 2:6 👁 20K

Step into the world of timeless style with our latest TikTok video showcasing a week's worth of beige minimalist fashion outfits. From effortlessly chic ensembles to versatile wardrobe staples, this compilation offers endless inspiration for those who appreciate the simplicity and elegance of minimalist fashion.<br/>Join us as we curate a collection of clothing combinations that epitomize the essence of understated sophistication. Whether you're seeking everyday looks or elevated attire for special occasions, our video has you covered with practical yet stylish outfit ideas.<br/>Explore the art of pairing neutral tones and clean lines to create outfits that exude confidence and refinement. With a focus on quality over quantity, our minimalist fashion guide encourages mindful consumption and celebrates the beauty of simplicity.<br/>Don't miss out on this opportunity to elevate your wardrobe with timeless beige fashion essentials. Watch our TikTok video now and embark on a journey towards a more minimalist and sustainable approach to dressing.<br/><br/>#MinimalistFashion #BeigeOutfits #FashionInspiration #TikTokFashion<br/><br/>https://youtube.com/shorts/y0y-Fpu2Wh0?feature=share

Beige Minimalist Fashion Clothing Outfits Of The Week TikTok Video (1)

⏲ 0:16 👁 15K

WHAT YOU NEED TO KNOW ABOUT WORKWEAR ESSENTIALS

⏲ 4:51 👁 15K

Dive into the world of beach fashion with our comprehensive guide to men's summer clothing. From lightweight fabrics to statement swimwear and functional accessories, discover how to make a stylish splash on the sand while staying cool and comfortable under the sun. If you want to buy beach clothes, just get in touch with IBIUBU. You can get all types of dresses and accessories.

Summer Style Guide: Elevate Your Beach Look with Trendy Men's Clothing

⏲ 0:48 👁 15K

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