Power Pitch: One Kings Lane
One Kings Lane Profile
What is the mission of your company?
One Kings Lane is an online marketplace for the home that brings members exceptional value on a spectacular collection of top-brand, vintage and designer items. One Kings Lane works directly with leading home brands, antique and vintage dealers and designers to bring the very best products at exceptional prices to its members - every day of the week.
Explain your business model - how do you make money?
Every day of the week, One Kings Lane launches multiple new sales, offering a range of products, categories and styles including top-brand, vintage and one-of-a-kind designer items. Most sales last 72 hours.
Who do you compete with in this space and how are you different?
One Kings Lane is a disruptor to the tradition al home goods industry; we are among the top most visited sites against well-established home brands such as Crate & Barrel, Pottery Barn, Williams-Sonoma, Restoration Hardware, West Elm, etc. (based on data from Compete.com). Unlike traditional retailers that carry the same collection for a season at a time, One Kings Lane's "shelves" change every day, offering members a spectacular collection of high-quality, unique items, at a great value.
Where are your headquarters?
Number of full-time employees?
Kleiner Perkins Caufield & Byers (KPCB), Greylock Partners, Tiger Global Management, Institutional Venture Partners (IVP), First Round Capital, TriplePoint Capital and angel investors Reid Hoffman and Marissa Mayer.
As CEO, Doug is helping to create one of the most exciting online brands today. An e-commerce and consumer-industry veteran, Doug was CEO and co-founder of Scene7, the leading rich media platform for e-commerce, powering websites for more than 1,000 retailers worldwide, among them Nike, QVC, Macy's, and Williams-Sonoma. After completing the successful sale of Scene7 to Adobe in 2007, he joined the Adobe executive team, where, as vice president and general manager of digital imaging and dynamic media, he provided leadership for flagship properties such as Adobe Photoshop and Adobe Flash Media.