Shoedazzle Gets $13 Million from Lightspeed Ventures

Shoedazzle has received a $13 million capital injection. Jeremy Liew from Lightspeed Venture Partners writes (“Why Lightspeed invested in Shoedazzle”):

"Shoedazzle is one of the companies that I was thinking of when I wrote about startups that can quickly get to millions in monthly revenue.

The company is based outside of Silicon Valley (LA) and is definitely built on the back of business model innovation, as are many of the current crop of fast growth companies.

Shoedazzle has a terrific user value proposition. A member first takes a style quiz to assess her taste. Then, on the first of each month, she receives an email with five pairs of shoes that have been specially selected for her.

If she likes one of the pairs, she buys it. If none of them grab her, she can either skip that month, or request a re-selection and give specific guidance as to what she is looking for (e.g. boots, or higher heels, bolder colors).

Women get personal stylist advice and recommendations brought directly to them, helping them to keep abreast of the latest fashion trends."

The American investor scene has woken up, read further here.

The Canadian startup Panty by Post offers a similar service for ladies’ underwear:

"Customers can order panties individually, or they can sign up for subscriptions lasting two, three, six or 12 months.

A different panty is then sent every month, each wrapped in an attractive mailing package. Pricing ranges from CDN 16 for a single pair to CDN 240 for a year's worth of premium deliveries."

Related posts:

• Extreme Retailing: Change Is Coming to Online Shopping
• Social Commerce: Zappos’ Evolution into a Social Web Company
• Zappos Grows Demand to $1.2 Billion (+17%)

Originally posted in German by Marcel Weiss, adapted for excitingcommerce.com by Jason Soo.

Comments

[sexy panty]

Congrats to Shoedazzle for getting $13 million in capital. They deserve it since they provide great products.