I’m Putting My Money on MyFab

Sequoia and Benchmark, you may want to listen. Jeff Bezos too.

MyFab: THE next hot start-up to come out of France.

First off, let me say that I do not write this for just any old company and it is very likely that this will be the only post of its kind for a long time. I normally would be inclined not to broadcast something so incredibly favorable about a particular start-up – but MyFab is just too damn good for me not to do so.

Now, I’m no expert but personally I think MyFab is going to be the next-best-thing to come out of France – start-up wise. That is, if it isn’t already.

iWhat? MyWho?

The company is French but first made a splash in Silicon Valley in the summer of 2009 when they closed a €5 million round, including funding from BV Capital. MyFab’s unique e-commerce model is an on-demand platform that lets users buy high-quality products directly from manufacturers. Translation: up to an 80% price reduction on incredibly chic  furniture, jewelry, etc. The site also makes use of a “voting system” whereby their customers can vote for future products to be made and receive a addition discount on the items once they go into production. I think it’s just brilliant.

First Vente-privée, now MyFab.

French e-commerce must be doing something right. Vente-privée made headlines a while ago with the potential $2 billion Amazon acquisition. I’m pretty sure MyFab won’t enter the US market and go unnoticed either.

A few other unique e-commerce business models have caught my eye as well – including Sokoz and Voyagerpouruneuro.com – which integrate a timed or game-like aspect into shopping.

France e-commerce businesses may’ve had a bit of a slow start but looks like it’s getting ready to take off…

Check out my lastest article in TechCrunch Europe on MyFab’s US launch and follow MyFab on Twitter: @MyFabFrance (in French) or @MyFabGermany (in English)

2 thoughts on “I’m Putting My Money on MyFab

  1. Pingback: uberVU - social comments

  2. Hi Julia!!I would LOVE to engage in a two-way cairevsotnon regarding your posts on NonSociety as I’m sure would many of your MANY readers!!! So here’s an amaze-ballz idea why not enable comments on YOUR OWN blog and we’ll meet up there!!! I know. Incredible breakthrough idea isn’t it!!!???It must be so frustrating for you to have to use other people’s blogs like Gawker or here to try to communicate directly with people! Maybe you could find an intern in SF who writes code for free and he/she can figure out how to do it. I realize it’s very leading edge and techie and extremely complicated (even probably for BOYS in tech) but I think it IS possible. Well, just look right here at RBNS! Comments ARE allowed, and YOU yourself make free use of the open access provided here, but you don’t let anyone ever comment directly on YOUR blog. Sad. : (

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