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