The Third Degree
The Start-Up Rundown
If you’ve seen the ads for BeautyBar.com (cosmetics) and Wag.com (pet care). Soap.com sends you stuff you don’t have time to pick up from the drug store.
It’s e-commerce play in an app economy that may be more closely associated with the dotcom era, except, you know, with much better margins. Quidsi, launched by friends Marc Lore and Vinit Bharara, is also known for its Zappos-rivaling customer service and rapid-fire delivery times, a particular obsession of Mr. Lore’s. That might be why Amazon, which owns Zappos, purchased Quidsi for $545 million last November.
DAILY EXECUTIVE DEAL. “On the heels of its fifth acquisition in the past five months, BuyWithMe today announced that it has hired Charlie Gray as Chief People Officer. Gray will work with the BuyWithMe team to help manage the company’s fast-paced and aggressive growth plans, and to hire, train and retain the best talent in both existing markets and new areas of expansion.” Buy with me, Charlie Gray. That has a nice ring to it.
CASH AND MONEY. “Lot18, the site that provides insider access to the best in wine and artisanal selections, announced an investment from ecommerce pioneers Marc Lore and Vinit Bharara, founders of Quidsi (best known for Diapers.com and Soap.com) – recently acquired by Amazon for $545 million. With more than 400k users and over $1 million in monthly sales, funds help Lot18 continue its momentous growth. Please find full details in the press release below.”
OH HAI. Jux.com, which lets users create full-frame pages, sort of like a Tumblr-meets-About.me-meets-PowerPoint, “like blogging in HD,” just officially launched.
THE KICKSTARTER IS NOT ENOUGH. Turf Geography Club, the app that takes Foursquare and Monopoly and pronounces them man-and-wife, was oversubscribed for its Kickstarter round: $17,375 on a call for $15,000 from 185 backers, including RRE’s Adam Ludwin and the angelic Dave Tisch. Now the start-up has raised a real seed round, numerous sources told Betabeat, and has hired a developer and a freelance artist. Creator Michael Tseng declined an interview. “We’re going into stealth mode, heads down in the aero-tuck if you will. Let’s postpone our chat until we’re prepared for launch,” he said in an email.
ZUCK GETS RETARDED. Mark Zuckerberg was partying in Midtown Saturday night, and no one tweeted us? Page Six says Zuck was at Lavo with the Black Eyed Peas’ will.i.am and apl.de.ap and 10 male friends, “and the Peas bandmates joined them a short time later,” and they all ran up a $4,000 tab on Moet & Chandon Rose, Patron and Grey Goose.