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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
I'm Listening In
Murder Must Advertise Dorothy L Sayers Read by Ian Carmichael Chapters 11 to 20
⏲ 5 hours 45 minutes 33 seconds 👁 7.5K
PASTOR SHIRLEY CAESAR
Jesus, I Love Calling Your Name
⏲ 3 minutes 45 seconds 👁 5.9M
But de SH SOCIALS SILAS - Team 1 from dorothy sh
But de SH SOCIALS SILAS - Team 1
⏲ 0:32 👁 15K
Fairy Tales and Stories for Kids
Red Shoes + 12 Dancing Princesses | Fairy Tales and Bedtime Stories for Kids in English
⏲ 20 minutes 58 seconds 👁 23.1M
The Wiggles - Kids Songs and Nursery Rhymes
Rock-A-Bye Your Bear 🐻 The Wiggles 🎶 Nursery Rhymes and Preschool Songs 🎶
⏲ 2 minutes 44 seconds 👁 41.5M
But de SH SOCIALS SILAS - Team 1 from dorothy sh
But de SH SOCIALS SILAS - Team 1
⏲ 0:31 👁 10K
Dorothy Rowe
Purifying the Nervous System - Dorothy Rowe Audio Healing
⏲ 8 minutes 53 seconds 👁 2.3K
Dorothy Shelton
Atheist Asks God “Why Are Humans So Dark and Doomed?\" He Was Amazed By The Answers He Received
⏲ 17 minutes 40 seconds 👁 301K
But de SH SOCIALS SILAS - Team 1 from dorothy sh
But de SH SOCIALS SILAS - Team 1
⏲ 0:32 👁 10K
But de SH SOCIALS SILAS - Team 1 from dorothy sh
But de SH SOCIALS SILAS - Team 1
⏲ 0:31 👁 10K
In this informative video, we delve into the crucial precautions to consider when resuming eating after a period of fasting. Then you can safely transition from fasting to eating. Don't miss out on this essential guidance to optimize your journey back to regular eating habits after a period of fasting.<br/><br/>Fasting can choose 1 day (the full moon day), 3 days (before the full moon day, on the full moon day, and after the full moon day), or 6 days (3 days before that or after that).<br/><br/>Fasting is from 11 pm to 11 pm the next day.<br/><br/>Precautions of fasting: <br/>1. Drink more water.<br/>2. Sex is forbidden.<br/>3. Beginners can eat one apple per day.<br/><br/>For arcanum of fasting, you can practice 1 to 3 times a day, equal to three meals.<br/>1. The mantra in the beginning(3 times): <br/>ang sh wah ni hong be ben ni lo<br/>2. The mantra in the end (1 time)<br/>moa doa wah mi di lan di<br/>rui wah moa roa boa<br/>sh ni soa lu na lo ong hong<br/>doa poa jie<br/>boa fu lo nay ye<br/><br/>You can download EnlitenPath app(https://enlitenpath.com) on app store and play store. There is a guided audio of arcanum of fasting inside. You can also check the full moon calendar inside. It's free to use.<br/><br/>..................................................................................................................<br/>* Ella is the founder of EnlitenPath app (https://enlitenpath.com), which is the first enlightenment educational app.You can download it on app store and play store, to start your self enlightenment journey. Enjoy!<br/>* If you like the video and want to support Ella, her PayPal is ellaislistening@gmail.com<br/>* If your organization needs mindfulness training, please write to ellaislistening@gmail.com
Breaking the Fast: Essential Precautions for Restarting Eating
⏲ 12:25 👁 10K
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