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_how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold-124-forbes.webp "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.")
_village-project-124-new-natok-2024-124-sajal-sabuj-ifti-shahin-rabina-mim-124-drama-serial-124-ep-197.webp "Eagle Drama Series")
⏲ 21 minutes 29 seconds 👁 5K
_dottok-124-124-yash-rohan-124-totini-pothik-shadhan-new-bangla-natok-2024-124-eid-special-drama.webp "SBE")
⏲ 54 minutes 42 seconds 👁 121.8K
_bolt-backs-west-indies-to-bring-caribbean-spirit-to-t20-world-cup.webp "Usain Bolt believes the Caribbean fun will make for an unforgettable T20 World Cup")
_apu-biswas-shakib-khan-bubly.webp "KES TV")
শাকিবের বিয়ের জন্য পাত্রি খুজেছে পরিবার। অঝড়ে কাদলো বুবলি। হাসলো অপু। Apu Biswas Shakib Khan Bubly
⏲ 1 minute 38 seconds 👁 3.5K
_krishanur-jonno-onek-kichu-plan-korchi-124124.webp "Tina Vlog")
_mum-makes-10k-a-year-hand-crafting-earrings-and-bracelets-out-of-beer-cans.webp "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: \")
_in-10-minutes-this-room-will-explode.webp "MrBeast")
_124-coins-124-chile-124-channel-24.webp "Channel 24")
_the-great-indian-kapil-show-exclusive---qawali-jodi-kapil-sharma-sunil-grover---bacha-hua-content.webp "The Great Indian Kapil Show Exclusive _ Qawali Jodi - Kapil Sharma, Sunil Grover _ Bacha Hua Content")
The Great Indian Kapil Show Exclusive _ Qawali Jodi - Kapil Sharma, Sunil Grover _ Bacha Hua Content
⏲ 12:33 👁 225K
_124124-kar-kache-koi-moner-kotha-today-advance-episode-update.webp "golpo para bd")
⏲ 1 minute 23 seconds 👁 1.4K
_bolte-giye-mone-hoi-124-new-bangla-music-song-2018.webp "Creative Rashed")
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