Posted on twelfth February 2024 by Harry
Thomas Plantenga is the CEO @ Vinted, one of many fastest-growing marketplaces on the planet with a valuation of $4.5BN. Previous to turning into CEO, Thomas labored with a spread of organisations together with Bookaboat, OLX, Sellit/Wallapop and FJLabs.
Alex Taussig is a Common Accomplice @ Lightspeed and co-leads the fund’s Client funding group. Alex’s portfolio contains the likes of All Day Kitchens, Archive Resale, Each day Harvest, Faire, Discovered, Frubana, Keychain, Kikoff, Vinted, YaySay, and Zola.
In At present’s Episode with Thomas Plantenga and Alex Taussig We Talk about:
1. The CEO Who Did Not Need to be CEO:
- How did Thomas come to be CEO @ Vinted? Why did he not need the job at first?
- What does Thomas know now that he needs he had identified when he began?
2. The Mechanics of the Quickest Rising Market:
- What’s the single most essential metric for Vinted?
- How does Vinted decide what market to open subsequent? What do they search for?
- How does Vinted take into consideration depth vs breadth in every nation?
- What’s the AOV immediately? How does it differ by nation?
- How lengthy does it take for every nation to be money circulation optimistic?
3. The Greatest BS in Startups: Rule of 40 and EBITDA:
- Why does Thomas assume VC’s obsession with “Rule of 40” is BS?
- Why does Thomas consider EBITDA optimization is BS and ineffective?
- What are the toughest components of scaling a market that nobody is aware of?
4. The Bull, Bear and Investor Strategy to Vinted:
- Alex, what was Lightspeed’s pre and autopsy when investing in Vinted?
- How does Lightspeed analyze TAM and market sizing when investing?
- What was Lightspeed’s single largest concern when investing in Vinted?
5. Europe: A Hub of Innovation or a Retirement Dwelling:
- Does Thomas consider that European younger individuals have a worse work ethic than these within the US?
- Is Thomas involved by the state of regulation hampering innovation in Europe?
- What could be completed to enhance work ethic and the state of regulation immediately?
- Why is Alex and Lightspeed extra bullish than ever on Europe immediately?
