Dirk Knemeyer

The growth of eCommerce

The growth of eCommerce, May 10, 2011

A short comment contextualizing the prediction could go right here

Yesterday flash sales group Gilt Group closed a 138 million dollar funding round led by Japanese-based SoftBank Group. This brings Gilt’s total investment raised in the last three-and-a-half years up to 240 million dollars. Once upon a time online commerce was eBay, Amazon and thousands of failed, broken dot bomb startups as far as the eye could see. Now there are numerous relevant and stable eCommerce products worthy of attention, the newly plumped Gilt Group among them. The amount of money moving on the interwebs is yet another reason why whispers of an internet bubble are both ignorant and misguided.