There are no other Live Streaming Shopping site that has companies like Saks, Sephora, BestBuy, The Container Store, The Gap, Athleta, Banana Republic, Halston, SSENSE, etc.
And we know from the video today, even more are coming this week and next.
Verb is doing 'in weeks', what other platforms would hope to accomplish in years.
These big brand gravitating to Market, instantly changes the perception and valuation of the company. The sp will reflect it soon enough. Keep in mind WhatNot is valued at $3.7B and they would kill to get brands like this figuratively speaking.
Playing out just like Rory shared 2 weeks ago on the Q2 Conference Call...
And we know from the video today, even more are coming this week and next.
Verb is doing 'in weeks', what other platforms would hope to accomplish in years.
These big brand gravitating to Market, instantly changes the perception and valuation of the company. The sp will reflect it soon enough. Keep in mind WhatNot is valued at $3.7B and they would kill to get brands like this figuratively speaking.
Playing out just like Rory shared 2 weeks ago on the Q2 Conference Call...
Quote:Brian Kinstlinger
Got it. Understood. I just don’t want to write it wrong tomorrow.
In the past, you’ve talked about—and you did it here—on-boarding the multimillion-dollar brand, and clearly there’s a lot of different, I’ll call it red tape, of getting everyone on board the same time, getting everyone on the same page. Can you help us first understand how many multibillion dollar brands have been on-boarded, and which quarter do you expect one or two might run their first-year standalone event or participate in a festival?
Then lastly on that, what was the reaction of Shopfest given the quality and some of the numbers you’ve produced?
Rory J. Cutaia
Okay. So, I didn’t write those questions down. I’ll try and go from memory.
I’m not quite sure how many of those large companies are actually in the queue right now. I would think that you’re going to start seeing some of those brands showing up in the—I’m going to say very near-term. I guess I kind of alluded to it in my comments before, but let me be just a bit more direct. There were a lot of very large brands that like the platform, really appreciate what we did, want to be a part of it, have made certain commitments, but have either just taken too long to get through the process in order to have actually been on Shopfest, or, and I suspect this may have held true for certainly some of them, it was important for them to have seen Shopfest come off at the level that it did because that seems to have accelerated some things that I think you and others that are following the platform will begin to see pretty quickly now that we have done what we’ve done with Shopfest.
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