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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 👁 1M
africanews
More than '7,000 captive Ethiopian' soldiers paraded in Tigray by rebel fighters
⏲ 1 minute 28 seconds 👁 422.4K
africanews
Ethiopia declares state of emergency in Amhara region
⏲ 35 seconds 👁 80.5K
Seventeen students from Hetton Academy took part in a programme using advanced 360 immersive technology and virtual reality to recreate the events following Connor's death.
Parents of Connor Brown support Sunderland College knife crime campaign
⏲ 3:2 👁 4M
africanews
Ethiopia: TDF rebels again parade captured Ethiopian soldiers, vow to restore region's borders
⏲ 2 minutes 8 seconds 👁 801.4K
Al Jazeera English
Protests in Ethiopia over plans to disband Amhara paramilitary | Al Jazeera Newsfeed
⏲ 2 minutes 7 seconds 👁 124K
He’s a stuntman, and like everyone in the stunt community, he gets blown up, shot, crashed, thrown through windows and dropped from the highest of heights, all for our entertainment. And now, fresh off an almost career-ending accident, this working-class hero has to track down a missing movie star, solve a conspiracy and try to win back the love of his life while still doing his day job. What could possibly go right? <br/><br/>From real life stunt man and director David Leitch, the blockbuster director of Bullet Train, Deadpool 2, Atomic Blonde and Fast & Furious Presents: Hobbs & Shaw and the producer of John Wick, Nobody and Violent Night, comes his most personal film yet. A new hilarious, hard-driving, all-star apex-action thriller and love letter to action movies and the hard-working and under-appreciated crew of people who make them: The Fall Guy. <br/><br/>Oscar® nominee Ryan Gosling (Barbie, La La Land, Drive) stars as Colt Seavers, a battle-scarred stuntman who, having left the business a year earlier to focus on both his physical and mental health, is drafted back into service when the star of a mega-budget studio movie—being directed by his ex, Jody Moreno, played by Golden Globe winner Emily Blunt (Oppenheimer, A Quiet Place films, Sicario)—goes missing.<br/><br/>While the film’s ruthless producer (Emmy winner Hannah Waddingham; Ted Lasso), maneuvers to keep the disappearance of star Tom Ryder (Golden Globe winner Aaron Taylor-Johnson; Bullet Train) a secret from the studio and the media, Colt performs the film’s most outrageous stunts while trying (with limited success) to charm his way back into Jody’s good graces. But as the mystery around the missing star deepens, Colt will find himself ensnared in a sinister, criminal plot that will push him to the edge of a fall more dangerous than any stunt.<br/><br/>Inspired by the hit 1980s TV series, The Fall Guy also stars Winston Duke (Black Panther franchise) and Academy Award® nominee Stephanie Hsu (Everything Everywhere All at Once). <br/><br/>From a screenplay by Hobbs & Shaw screenwriter Drew Pearce, The Fall Guy is produced by Kelly McCormick (Bullet Train, Nobody, Atomic Blonde) and David Leitch for their company 87North, and by Ryan Gosling and by Guymon Casady (Game of Thrones, Steve Jobs and executive producer of the upcoming series Ripley) for Entertainment 360. The film is executive produced by Drew Pearce, Entertainment 360’s Geoff Shaevitz and the creator of the original Fall Guy television series, Glen A. Larson.
The Fall Guy trailer
⏲ 3:21 👁 865K
ሀሴት ሚድያ
ጀግናው ተገኘ - ህወሃት ወደ ጎንደር ዘመተ | ethiopian news 23 April 2024 | anchor media | ethio 360 ዛሬ ምን አለ
⏲ 6 minutes 29 seconds 👁 12.2K
Yegna Tv የኛ ቲቪ
[ ልዩ መረጃ ]\"አዲስ አበባን ለማተራመስ...\" አወዛጋቢው የፋኖ ኣባላት አስክሬን | Getachew Reda| FANO | Addis Ababa
⏲ 10 minutes 58 seconds 👁 35.7K
X-Men Origins: Wolverine Uncaged Walkthrough Part 9 (XBOX 360, PS3) HD from mereja 360
X-Men Origins: Wolverine Uncaged Walkthrough Part 9 (XBOX 360, PS3) HD
⏲ 1:5:34 👁 35K
Beki habesha Tv
እራሷን ወደአውሬነት ለወጠች |እውነተኛ ታሪክ |begashaw desalegn|ethio 360 media|fana tv|besintu|ehuden be ebs|seifu
⏲ 3 minutes 7 seconds 👁 16.8K
africanews
Photo: Ethiopia PM relives his military days with protesting soldiers
⏲ 1 minute 3 seconds 👁 1.2M
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