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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.")
_mandisa-in-emotional-video-before-her-death-american-idol-star-amp-grammy-winning-christian-singer.webp "NICE NIVON")
Mandisa in emotional video before her death, American Idol’ Star & Grammy-Winning Christian Singer..
⏲ 9 minutes 48 seconds 👁 299.2K
_birth-vlog-raw-amp-real-natural-delivery-un-medicated-1st-baby.webp "The RSA Family")
_disabled-student-takes-first-steps-in-10-years-on-stage-at-her-graduation.webp "A chronically ill student took her first steps in 10 years - to accept her awards for excellence at graduation. <br/><br/>Melika Ghanaati, now 19, hasn't been able to walk unaided since 2013 due to four debilitating medical conditions. <br/><br/>She was born with a severe form of scoliosis - a curved spine - as well as congenital myopathy, a disorder which has caused weakness in her muscles. <br/><br/>Growing up, she either used a walker or a wheelchair - and has needed various surgeries to correct her curved spine. <br/><br/>But after a year of intensive physiotherapy, Melika was able to walk up to her teacher unaided and receive her high school diploma, as well as two awards for excellence. <br/><br/>Melika, who is now a student at York University, Canada, said: “This was such a special moment for me - my teachers and closest friends were worried about me, but I proved everyone wrong. <br/><br/>“I wanted to surprise everyone with the walk, but most importantly, I believed I owed it to myself.”<br/><br/>Melika was born with a number of conditions - including scoliosis, severe club feet, congenital myopathy and recurring kidney stones. <br/><br/>But her scoliosis and club feet were the biggest hurdles preventing her from being able to walk. <br/><br/>Up until the age of 13, Melika had a number of surgeries in an attempt to get the curve and club feet corrected. <br/><br/>She even briefly died in ICU after surgery at the age of 12. <br/><br/>She said: “Between the ages of 10 to 13 I had three spinal surgeries.<br/><br/>“I even had a code blue - I died for a few seconds. <br/><br/>“I lost a lot of blood flow and needed to have a blood transfusion.\")
_this-old-house-124-smaller-is-better-s43-e11-full-episode.webp "This Old House")
_caligula39s-horse-on-audiotree-live-full-session.webp "Audiotree")
_top-10-rom-com-lines-we-use-all-the-time.webp "We'll never fall out of love with these romcom lines. Welcome to MsMojo, and today we’re counting down our picks of timeless quotes from romantic comedies that we love to whip out.")
_everything-against-me-diverted-by-storms-amp-low-fuel-live-to-fly-tomorrow.webp "Niko's Wings")
⏲ 10 minutes 43 seconds 👁 4K
_isaac-black-born-to-survive.webp "misterafrika")
_nation-must-know-happened-at-posgh-nicu-says-pm.webp "The Prime Minister today recalled a past experience with his first born daughter in the Neonatal Intensive Care Unit at the Port of Spain General Hospital and credited the staff there for her not only having survived but prospered as he said Quote \")
_diljit-dosanjh-live-124-born-to-shine-world-tour.webp "Diljit Dosanjh")
_marianne-faithfull-born-to-live-official-music-video.webp "Marianne Faithfull")
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