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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
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Aaj Amaye | Lyrical Video | Power | পাওয়ার | Jeet | Nusrat | Jeet Gannguli | Rajiv Kumar | SVF
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SurinderFilms
Chokhe Chokhe | Mon Mane Na | Dev | Koel Mallick | Shaan | Shreya Ghoshal | Jeet Gannguli
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Two horses have been spotted bolting along streets in central London, with one appearing to be covered in blood.The two animals, which both had saddles on, were spotted racing down one street on Wednesday morning.In one clip the pair were seen charging down the road followed by an unmarked police car.One soldier has been injured in the incident after a spooked horse hit a number of vehicles, the Telegraph reports.
Two horses bolt through central London pursued by police after 'hitting vehicles'
⏲ 0:9 👁 37.1M
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Bol Naa Aar ( বল না আর ) | Dui Prithibi | Jeet | Koel | Shaan | Monali Thakur | Jeet Gannguli| SVF
⏲ 4 minutes 👁 7.1M
Jannat Beatz
Arijit Singh Bengali Songs | অরিজিৎ সিং এর বাংলা গান | #arijitsinghbengalisongs #arijitsingh
⏲ 2 hours 31 minutes 32 seconds 👁 791.6K
Usain Bolt believes the Caribbean fun will make for an unforgettable T20 World Cup
Bolt backs West Indies to bring Caribbean spirit to T20 World Cup
⏲ 0:48 👁 20K
Md Abu Syed Tanu
Bahot Jatate Ho Chah Humse Hd Video Song Aadmi Khilona Hai Alka Yagnik, Mohammed Aziz Govinda
⏲ 8 minutes 56 seconds 👁 2M
Himaloy Himu
Bolte cheye mone hoy বলতে চেয়ে মনে হয়। Full HD music video
⏲ 3 minutes 53 seconds 👁 1.1M
A mum makes more than £10k-a-year hand-crafting earrings and bracelets out of - beer cans.<br/><br/>Carys Miles, 40, launched her unique business, Craft Beerings, five years ago after finishing a can of craft beer.<br/><br/>Fascinated by the quirky and colourful designs of the cans and desperate for a creative venture, Carys got to work.<br/><br/>She decided to carefully cut and flatten the vibrant cans before cutting them into different shapes - such as studs, hearts and lightning bolts.<br/><br/>The raw material is then dried out before being applied to earring mounts - with Carys able to make five pairs of earrings from one can.<br/><br/>Though she usually batch-makes the earrings, Carys says she can convert a can to a pair in just 30 minutes.<br/><br/>She doesn't add any gloss to the final earrings, with some pairs featuring shiny overlays whilst others are more papery, representing the true texture of the can.<br/><br/>Carys made over 960 pairs of the earrings last year and sells them online and at craft fairs for between £10 - £17.50.<br/><br/>Carys, who runs the business full-time , from Colchester, Essex, said: \
Mum makes £10k-a-year hand-crafting earrings and bracelets out of - BEER cans
⏲ 0:17 👁 20K
R u0026 S
Arijit Singh : Bojhena shey Bojhena lyrics with bengali
⏲ 3 minutes 38 seconds 👁 8.9M
Sangeeta Music
Bolte Bolte Cholte Cholte | Imran ft Puja Bristy & Nishi | Official Audio Album | Sangeeta
⏲ 1 hour 4 minutes 43 seconds 👁 9.6M
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