Vinted’s Post

🚀 more than 3.5x gross merchandise value (GMV) growth since 2021; ✅ fully profitable; 🔥 revenue growth of 61% in 2023; 😎 double-digit EBITDA margin in 2023; ♻️ more than a third (37%) of Vinted members say that second-hand makes up at least half of their wardrobe; 📱electronics category launched in recent weeks; 🇱🇹 founded in Lithuania, appreciated across Europe 🇪🇺

Time has flown by since Lightspeed's first investment in Vinted in 2019! Since then, Thomas and team have made huge strides, becoming the most regionally dominant consumer marketplace in Europe. Today, Vinted closed a secondary sale of €340M led by TPG and Hedosophia that values the company at €5B. I'm thrilled to continue supporting the company on its board, into the next phase of growth. https://lnkd.in/gsXkR6R5 Looking back over the last 5 years: → GMV has increased over 9 times since 2019, with Vinted achieving full profitability and a 61% revenue growth in 2023, totaling €596.3 million, along with a double-digit EBITDA margin. → The vast majority of Vinted’s GMV was in France in 2019, but today Vinted supports customers in 22 countries, including most recently Denmark, Romania, and Finland.  → More than 37% of Vinted members report that second-hand items make up at least half of their wardrobe, showcasing the shift towards sustainable consumption. → Vinted has successfully scaled a new verification service for luxury items in 10 countries and just recently launched electronics on its platform. For an in-depth look at Vinted’s journey and insights into their success, check out mine and Thomas’ episode on the 20VC podcast with Harry Stebbings: https://lnkd.in/g_FtQTy4

📈 One of the biggest questions that everyone in venture and startups has right now is, "When will the exit market open up?" Whether you're talking about the IPO window or acquisitions, NYC has some great private companies that are experiencing fantastic growth at scale and are a market window away from being the next big VC fund returners. 🗓 On Wednesday, as part of our nextNYC Opening Bell Forum, I'll speak to two investors, Jade Mandel and Yoonkee Sull who watch these market cycles most closely because they're investing more than $10 billion of committed capital between them. We'll discuss the market for later-stage rounds and their expectations around liquidity. 🌟 The conversation is an invite-only special event for a group of VC-nominated later-stage companies with fund returning potential as well as a limited group of earlier-stage "future stars". 👉 There are a handful of seats open in the room, so if you'd like to join, you can request a seat using this form: https://lnkd.in/e5SwsqRp 🤝 Thanks to our friends at Stifel Bank KPMG Haymaker Group and Bolster for helping to make this happen.

Looking forward to diving into the state of the late-stage venture market at TechCrunch Disrupt next week with Karthik Subramanian. With late-stage companies facing tougher paths to exit, we’ll be debating whether the market is actually rebounding, sharing our thoughts on the outlook for future IPOs, and discussing how founders can navigate these shifting dynamics. Hope to see you there! #TCDisrupt #VC

Many growth-stage companies that once raised billions are now grappling with tougher exit challenges and liquidity roadblocks. How are investors adjusting? And what strategies are founders exploring for the future? 🤔 Join Jai Das, Co-Founder, President, and Partner at Sapphire Ventures, and Karthik Subramanian, Managing Director at Goldman Sachs, at TechCrunch Disrupt as they debate the current state of late-stage venture and provide insights on: ✅The real trends in deal activity: is the market actually bouncing back?  ✅The current state of IPOs: when will the window finally reopen?  ✅How these forces are reshaping exit strategies for founders 📅 Mon, Oct 28, 2:30 PM – 3:20 PM 📍 Moscone West in San Francisco, Breakout Stage 2 Find more information and grab your pass at the links in the comments. 👇 #TechCrunchDisrupt #VentureCapital #TCDisrupt

Wow here I am a second day in a row. I haven't talked much about it, but believe it or not, I have been learning a lot about AI over the last year. I have nothing to say about the over-commercialization of Generative AI in the SaaS space. I have been working to understand the models needed to secure AI companies using commercial "off-the-shelf" systems. What I have learned is this: - Having a sparkle emoji does not give you AI credibility - Chatbots are a novelty that exposes us to changing technology, not something that provides long-term value. - The Ethics of AI, AI use, and Information protections are being pushed beyond theory into a brick wall at 100 miles per hour. - The foundational principles of Information Security and Assurance are the best place to start before writing a code. So here is a team doing it right: making it happen, taking the time to learn, and growing into a space full of sparkle emojis. If you are going to do AI, do it right. Check out Day.ai and learn how AI can help you be productive, work hard to keep your information safe, and choose Security and Privacy by Design Principles. Congrats to Christopher, Michael, Gwen, and a supermassive shoutout to Erik Munson, who is doing good work building a modern infrastructure for AI use and for taking the time to help me learn more about how AI works.

The growing trend of private IPOs may lead to companies remaining private for longer periods, potentially shifting the dynamics of PE/VC and the investment landscape overall. It helps companies avoid the volatility of public markets, allowing them to focus on long-term growth strategies. While they involve less regulatory scrutiny, compliance with securities laws is still necessary.

Today we launched Day.ai and announced our $4M seed round led by Sequoia Capital. You can catch the details and sign up for early access below, but the short story is this: We’re reimagining CRM for the  AI Age. I believe that the only person in the room who is consistently "right" is the customer. Every morning, I focus on work that has a specific name and face attached to it, prioritizing people over tasks. Teams that operate this way become unbeatable and unstoppable. AI has finally made it possible to put the customer at the center of every decision you make - without needing to sift through databases and spreadsheets. We’re running it back, and building our dream CRM from scratch.

It's a Hubspot killer It's a Fathom killer It's a Notion killer ...and the #datacapture is built in. THIS is the #apptofollow & try out!

IPO Window Cracks Open and Silicon Valley Sees Some Daylight Silicon Valley’s money machine has been missing a key part for the past two and a half years: liquidity. Now after some false starts, last week’s successful IPOs by Reddit, Inc. and Astera Labs have encouraged venture capitalists that equity capital markets are indeed welcoming new listings. That means all those predictions we’ve heard from dealmakers about a looming rebound in IPOs are likely, finally, to come true. Maybe. Well… it takes time to prepare for a public offering. Therefore, starting early and having the right advisors will help smoothing the journey. Reach out to learn more. Read the article below for more details. #ipos #capitalmarkets #rebound #unicorn #siliconvalley #venturecapital Michael J. Blankenship Michelle Landver, CIC