The wine sales company once had 100 people and raised $44.5 million. Now it's down to 36 employees.
[credit provider=”Lot18″ url=”http://www.lot18.com”] Wine sales site Lot18 laid off 25 employees today or 35% of its staff, AllThingsD reports. In the past year, the startup has downsized from 80-90 employees to a mere 46.While its previous layoffs coincided with sections of the site folding, this has more to do with […]
Closing out a tumultuous year, online wine seller Lot18 has promoted its chief marketing officer, Jay Sung, to CEO.
Lot18 is making more cuts.This morning, 10* employees were let go from the flash sale wine site, according to a source within the company.
[credit provider=”Popdust” url=”http://www.popdust.com”] Popdust, a music site that looks a lot like MTV and targets teenagers, has raised $4.5 million.The Series A round of financing was led by New Enterprise Associates with participation from RRE Ventures, SoftBank Capital, Project A Ventures and angel investors.
[credit provider=”Uber Blog” url=”http://blog.uber.com/2011/05/04/celebrating-ubers-nyc-launch/”] Life at a startup can be less than glamorous with long hours and a chaotic environment.Most startups have little cash to throw around on amazing perks, but a few offer employee benefits that could rival those of Fortune 500 companies.
Last Friday, Lot18 made a company-wide announcement.
[credit provider=”Lot18″ url=”http://www.lot18.com”] Wine sale site Lot18, a 100+ person company based in New York, has decided to shut down two verticals which haven’t shown strong performances: Gourmet and Experiences.A spokesperson for the company says the sections combined only contributed 5% to the company’s total revenue. Some of the products […]
Four of Lot18’s senior executives have left the company in the past month.
In November, gourmet food and wine discount site Lot18 closed a big $30 million round of financing.
[credit provider=”Daniel Goodman via Business Insider”] New York City is full of startups. But the real winners have amazing leadership teams driving them to succeed.We polled tech industry executives and investors to find CEOs who are rising stars; they told us who their favourite early-stage startup CEOs are.
Last week BetaBeat’s Nitasha Tiku first reported impending layoffs at Gilt Groupe. We confirmed the rumour from a source who said 50-60 people would be let go in the next week or so.
It was a good year to be a startup.
Lot18 is one of the most impressive success stories of this year.
Lot18, the flash sales wine and gourmet food site, has poached an executive from Tremor Video.Mark Pinney, who was Tremor Video’s COO and SVP of Business Planning at AOL, will be Lot18’s first Chief Financial Officer.
Choosing wine around the holidays, whether as a gift or to serve at a dinner party, can often be confusing.
Lot18, the gourmet food and wine flash sales site, is putting the $30 million it just raised to use.