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Inside the plan to save Zulily, with the star of CNBC's 'The Profit'

GeekWire

GeekWire

Technology, Tech News, News

4.4116 Ratings

🗓️ 16 March 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

This week on the GeekWire Podcast: The rise, fall, and revival of Zulily. We revisit one the most prominent ecommerce brands to come out of Seattle, explain its decline, and consider a plan by Beyond Inc., led by investor and entrepreneur Marcus Lemonis, to acquire its brand assets and relaunch the site.

With GeekWire managing editor Taylor Soper and co-founder Todd Bishop.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Marcus did make a pitch at the end of our interview and he said if there's any

0:04.4

talented engineers I would love to talk to them I can give you my cell phone

0:07.4

number he's still in full sales mode and so here's the check yeah it was like I really felt like I was on an episode of the profit featuring Zooli.

0:21.0

Welcome to GeekWire. I'm GeekWire co-founder Todd Bishop. We are coming to you from

0:25.3

Seattle where we get to report each day on what's happening around us in

0:28.3

business, technology, and innovation. What happens here matters everywhere and every week on this show we talk about some of the most

0:34.7

interesting stories in the news. This week I'm joined by GeekWire Managing Editor Taylor

0:39.4

Soper who's been covering one of those stories over the past few months.

0:43.7

Taylor it's great to have you here.

0:45.2

Good to be here.

0:46.2

Zoo Lily has been part of the fabric of the Seattle Tech Economy now for many years. They went through a dramatic rise and a sudden bust. This

0:57.4

company has been rescued potentially by a celebrity entrepreneur and investor, Marcus Lamones, of

1:07.8

CNBC's The Prophet Fame. Taylor, we want to go through the story of Zoolilly on this week's show and you had an interview

1:16.9

with Marcus Lomonas that we're going to share a clip from later on, but first off, let's set the stage.

1:23.0

What is Zoolilly? How did it start?

1:25.0

And what was it known for back in its heyday?

1:28.0

Zoolittle got going in 2010.

1:31.0

Two former Blue Nile executives, Mark Vaidon and

1:35.8

Darrell Kavan, started the company, and they decided to focus on women,

1:39.2

specifically new moms, who were looking to buy online.

1:44.3

So they had a really specific niche

1:46.7

and they also used this unique e-commerce model

...

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