Thursday, January 28, 2010

Y! Alert: TechCrunch

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Private Sample Sale Site Beyond The Rack Raises $2 Million Top
Beyond the Rack, a private sample sale site, has raised $2 million in funding from Oleg Tscheltzoff and Oliver Jung, and Montreal Start Up. This brings the startup’s total funding to $4.5 million. Similar to Gilt, HauteLook and Ideeli, Beyond the Rack is a members-only shopping site that offers steeply discounted (from 50 to 70 percent) on designer brand clothes, accessories and other goods. The site says that it is seeing 4 million monthly unique visitors, with revenue growing over 50 percent per month. And Beyond the Rack has 600,000 members after only 9 months of operation. The site launches up to eight new sales events every day, with each event only lasting a few days. The model has done fairly well in the space, with similar sites seeing rapid growth. There’s the rumored acquisition of European sample sale site Vente-Privee by Amazon for an estimated $3.01 billion. And sample sale site Ideeli recently raised $20 million in funding. Gilt Groupe also raised an estimated $40 million in funding in July, which valued the company at $400 million. VC firm Kleiner Perkins recently invested in One Kings Lane, an online sample sale site for home decor and accessories, which we wrote about here. The concept has even attracted retail giants like Saks and Neiman Marcus, which are now jumping on the bandwagon to offer their own private sales.
 
The Meme That Will Never Die: Hitler Debunks The iPad Top
While everyone is raving about the iPad, one person who doesn’t like it is Hitler.  The YouTube parody above takes the now all-too-common final scene from the movie Downfall and replaces the subtitles with a rant against the iPad. It’s the meme that will never die (there are at least 50 Hitler parodies using the same scene with different subtitles, here’s one about Facebook buying FriendFeed ). So what exactly does Hitler have against the iPad? “The iPad won’t support multitasking” “They didn’t give it a camera, fine. But it’s on AT&T!  How am I supposed to use their crappy network?” “eBooks?  If I wanted eBooks, I’d buy a Kindle.” “It could have single-handedly destroyed netbooks.  But what do we get instead? An oversized iPod Touch!” “It can’t even make phone calls!” “I wanted to watch videos of lolcats while laying on the couch. But no, they won’t even give it flash support.” Somehow, it’s funnier when Hitler says it. Watch the video.   CrunchBase Information iPad Information provided by CrunchBase
 

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