Looking back over 2011, which I am currently doing for a Christmas Eve column, I’ve been struck by the fact that one trend dominates all others by a significant margin, having held true from last March through year end: the IPO.
I just got an email inviting me to a super-secret announcement over lunch tomorrow — which is rumoured to be an announcement of their partnership with Vente-Privee, the french flash sale site that was at the forefront of the current etail consumer phenomenon.
If this is true, it will be the third in a rash of investment in the latest fashion fad that began at the end of April with Ideeli’s raising $40 million of Series C funding, followed tuesday by Gilt Groupe’s raising $168 million. And you know what they say: three examples of anything is a trend. Welcome to the new internet investment bubble: shopping!