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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.")
_how-food-turns-into-poop.webp "Zack D. Films")
_florida-girl-busted-for-dui-part-2-key-west-florida-may-20-2023.webp "Florida State BodyCam")
⏲ 58 minutes 48 seconds 👁 63.4K
_how-emma-chamberlain-makes-her-signature-cup-of-coffee-and-fights-imposter-syndrome-124-forbes.webp "Vlogging these past seven years has made Emma Chamberlain one of the most influential creators of her generation, with more than 12 million subscribers on YouTube and 15 million followers on Instagram. These days, she’s using her relatability—along with her massive following—to scale her startup, Chamberlain Coffee.<br/><br/>“I’m a home barista just like the rest of us,” says Chamberlain. “It’s always been a passion for me since before I started my YouTube.”<br/><br/>Founded in 2019, Chamberlain Coffee has raised $15 million in funding from investors including Blazar Capital and Volition Capital. Products range from coffee grounds to matcha powder and recently launched ready-to-drink canned lattes. From 2022 to 2023, the company’s revenue nearly doubled; Forbes estimates it to have been $20 million last year.<br/><br/>While social media and online marketing are significant growth engines for the company, retail is a new focus. Chamberlain Coffee bags first appeared in Los Angeles’ luxe grocer Erewhon in 2021, followed by Sprouts in 2022. Ready-to-drink lattes launched in Walmart in an exclusive six-month trial in April 2023. Based on shoppers’ feedback, they relaunched wider with an updated latte formula last December. This April, Chamberlain Coffee inked a deal with 800 Target locations to sell ready-to-drink cans in flavors such as vanilla, cinnamon bun, salted caramel and mocha.<br/><br/>This year, Chamberlain Coffee collaborated with Kendall Jenner’s 818 Tequila on a Coachella pop-up to serve espresso martinis using her signature cold brew.<br/><br/>Even with her meteoric career, Chamberlain says her biggest challenge is not letting mistakes discourage her. “There are going to be ups and downs, there’s going to be shit that hits the fan,” she says. “You know what you have to do? You have to put your big-girl pants on, and you have to keep going.”<br/><br/>Read the full story on Forbes:<br/>https://www.forbes.com/sites/alexyork/<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.")
⏲ 3:5 👁 1.2M
_florida-girl-busted-for-dui-after-crashing-her-red-mustang-key-west-florida-may-20-2023.webp "Florida Cop Cam")
⏲ 28 minutes 👁 133.3K
_39pigpen39-knocks-on-family39s-door-shorts.webp "Inside Edition")
_busted-for-dui-sarasota-county-florida-march-22-2023.webp "Florida State BodyCam")
_may-20-2023.webp "Lexi’s Adventures")
_7-dead-inside-jesse-mcfadden39s-home-a-broken-justice-system-shorts-tiktok-trending-new-news.webp "MorsManet")
⏲ 59 seconds 👁 1.1K
_dance-mom-ashlee-shares-the-story-of-how-it-all-unfolded-when-kendall-snapped-shorts-dancemoms.webp "pierced - podcasts for the girls")
⏲ 34 seconds 👁 531.1K
_lets-solve-the-broken-zipper-issue-shorts-sewing-diyclothes-sewinghacks.webp "Sew Emmy Designs")
_20-year-old-thinks-she-can-outsmart-cops-cries-to-mom-when-arrested.webp "Body Cam Watch")
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