{"data":{"type":"company_profile","id":8347,"entity_id":"wefunder:company:8347","attributes":{"canonical_url":"https://wefunder.com/italist","generated_at":"2026-06-17T02:21:25Z","updated_at":"2026-06-16T05:02:06Z","entity_ids":{"company":"wefunder:company:8347","slug":"wefunder:company_slug:italist"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-17T02:21:25Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-16T05:02:06Z","as_of":"2026-06-17T02:21:25Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-16T05:02:06Z","as_of":"2026-06-17T02:21:25Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-03-04T15:56:52Z","as_of":"2026-06-17T02:21:25Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-03-04T15:56:52Z","as_of":"2026-06-17T02:21:25Z","confidence":"medium"}}},"company":{"id":8347,"entity_id":"wefunder:company:8347","slug":"italist","name":"Italist","tagline":"The first online marketplace for Italian fashion","elevator_pitch":"Italist is the first online marketplace for the $21 billion Italian personal luxury goods market. We list products that are held in-store by boutiques like Gucci, Valentino, Ferragamo, Dior, Saint Laurent. Items we sell are on average 30% cheaper than any other competitor due to the peculiar structure of Italian retail market (no importers, no distributors,…) and some of them can’t be found anywhere else online, and we have the broadest selection of Italian luxury items on the internet.","description":"What they do: Italist is the first online marketplace for the $9 billion Italian personal luxury goods market. They list products that are held in-store by 60 boutique and 10 brand partners in Italy. 50% of the items they sell can’t be found anywhere else online, and they have the broadest selection of Italian luxury items on the internet. Why it's a big deal: Online sales for luxury fashion is growing twice as fast as the overall market, but consumers can’t find many of the items they are looking for. Italist solves this by listing items that their partners hold in store. This means that they avoid inventory costs and get better margins than traditional e-commerce. Partners need Italist to increase sales and minimize inventory risk without having to build their own destination site. This model should be the future of ecommerce. Think Etsy or Ebay for a huge, branded market. It’s no wonder they already have a $2 million run rate and are growing 50% month over month.","location":"Beverly Hills, CA","website":"www.italist.com/en","total_amount_raised":157800,"total_investors":37,"is_funded":false,"is_active":false,"related_urls":["https://wefunder.com/italist","www.italist.com/en"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/cover_photo_version4/8347/retina_cropped_tuchlauben-goldenes-quartier-emporio-armani-19to1.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/8347/large_cropped_logo.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/cover_photo_version4/8347/standard_cropped_tuchlauben-goldenes-quartier-emporio-armani-19to1.jpg"},"links":{"company_url":"www.italist.com/en","twitter_url":"http://twitter.com/italistofficial","instagram_url":"http://instagram.com/italist_official","blog_url":"https://www.italist.com/magazine/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"$1,500,000+ revenue in May."},{"index":2,"claim_id":"claim-fact-2","value":"60% growth quarter over quarter from Q4 2014."},{"index":3,"claim_id":"claim-fact-3","value":"$18 million revenue-run-rate."},{"index":4,"claim_id":"claim-fact-4","value":"Founders sold last company for $80M."},{"index":5,"claim_id":"claim-fact-5","value":"115+ partner boutiques, sold in 85 countries."},{"index":6,"claim_id":"claim-fact-6","value":"Italist holds no inventory, leverages inventory of partners."},{"index":7,"claim_id":"claim-fact-7","value":"Italist is already at break-even."}],"team":[{"id":53272,"entity_id":"wefunder:company_role:53272","user_entity_id":"wefunder:user:44403","role":"founder","name":"Raffaele Giovine","title":"Chairman","bio":"Founded Zero9 (business in 12 countries) which sold for $80M and two other successful startups. Worked at Bain \u0026amp; Company and Diamond Cluster after earning his degree at Bocconi.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/53272/square_cropped_large_Raffaele.jpg?1474462690","profile_url":"https://wefunder.com/raffaelegiovine2","personal_url":"http://italist.com","linkedin_url":"https://www.linkedin.com/in/raffaelegiovine","related_urls":["https://wefunder.com/raffaelegiovine2","http://italist.com"]},{"id":50333,"entity_id":"wefunder:company_role:50333","role":"founder","name":"Diego Abba","title":"CEO","bio":"Formerly CEO of Sleepy Giant, negotiated sale of Zero9 for $80M, VP of Finance for Activision Blizzard, Principal at Bain, Finance Group Manager at P\u0026amp;G. Speaks four languages. MBA from Cornell.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/50333/square_cropped_deigo.jpg?1465854029","linkedin_url":"https://www.linkedin.com/in/diego-abba-355208","related_urls":[]}],"featured_investors":[],"investor_memos":[],"tab_counts":{"posts":1,"ask_questions":42,"featured_investors":0,"faq_entries":5},"active_fundraises":[{"id":6587,"entity_id":"wefunder:fundraise:6587","state":"successful","offering_type":"506(b)","funding_type":"note","structure":"convertible_note","security_type":"debt","currency":"USD","testing_the_waters":false,"min_purchase":1000,"max_purchase":9,"funding_target":250000.0,"funding_started_at":"2016-06-15T01:32:07Z","funding_closed_at":"2016-12-12T01:32:07Z"},{"id":5158,"entity_id":"wefunder:fundraise:5158","state":"successful","offering_type":"506(b)","funding_type":"note","structure":"convertible_note","security_type":"debt","currency":"USD","testing_the_waters":false,"min_purchase":3000,"max_purchase":9,"funding_target":1700000.0,"funding_started_at":"2015-02-18T02:20:12Z","funding_closed_at":"2015-04-27T08:30:34Z","auto_close_at":"2015-04-26T20:23:42Z"}],"latest_fundraise":{"id":6587,"entity_id":"wefunder:fundraise:6587","state":"successful","offering_type":"506(b)","structure":"convertible_note","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2016-06-15T01:32:07Z","funding_closed_at":"2016-12-12T01:32:07Z","terms":{"eb":null,"nb":"$25M","txt":"valuation cap"}},"recent_posts":[{"id":74990,"entity_id":"wefunder:feed_item:74990","type":"FeedItem::Update","visibility":"public","title":"Made in Italy","preview":"Italist is the go-to destination for buying unique, high-end Italian fashion. English isn’t Raffaele Giovine’s first language. But he’s managed to turn his Italian accent into one of his greatest assets when he found Italist, the website that aggregates some of the most exclusive Italian fashion items straight from Italian boutiques. Now you can shop the streets of Italy without ever having to leave the house. Like What You See? It started with a pair of shoes. A few years ago Raffaele Giovin...","published_at":"2015-08-10T17:20:31Z","author_name":"Theresa Phung","url":"/feed/74990","canonical_url":"https://wefunder.com/feed/74990"}],"q_and_a":[{"id":321346,"entity_id":"wefunder:comment:321346","question":"𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆: 𝗜𝗖𝗚 (𝗳𝗸𝗮 𝗜𝘁𝗮𝗹𝗶𝘀𝘁) 𝗦𝗲𝗰𝗼𝗻𝗱𝗮𝗿𝘆 𝗦𝗵𝗮𝗿𝗲𝘀 @ 𝟮𝟬% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 ______________________________________________________ Hey 👋- I am the EA to Mr. Krishna Rungta. He is currently looking for a secondary market exit for his interest in Inspiration Commerce Group (ICG), following their acquisition of Italist. We are offering his 2,773 shares at a 20% discount to the official acquisition valuation to ensure a quick transfer. Official Value: $997 Our Price: $800 Transfer Method: Wefunder Interest Transfer (Buyer must be an accredited investor) This is a straightforward way to pick up ICG equity below the most recent deal price. If you are interested in adding this to your portfolio, let me know. 𝗪𝗮𝘆𝘀 𝘁𝗼 𝗰𝗼𝗻𝗻𝗲𝗰𝘁: - Book 1:1 Call: https://calendly.com/ea-guru99/ - Email: ea@guru99.ceo - WhatsApp: +91 63529 44881","author_name":"Krishna Rungta","votes":1,"created_at":"2025-12-17T05:42:27Z","canonical_url":"https://wefunder.com/italist#question-321346","answers":[]},{"id":4127,"entity_id":"wefunder:comment:4127","question":"Retailing is a here-today, gone tomorrow business with few barriers to entry. Why don't you offer better terms, such as preferred stock, 2x liquidation, 20% discount, esp. in light of no major vc investor with diligence who will force an eventual exit so this doesn't become a lifestyle for the founders?","author_name":"Daniel Curran","votes":1,"created_at":"2016-06-18T16:26:51Z","canonical_url":"https://wefunder.com/italist#question-4127","answers":[]},{"id":2001,"entity_id":"wefunder:comment:2001","question":"I love the concept and am interested in investing. However, I'm puzzled by this statement on the Web site: \"For orders exceeding the amount of 1,000, you will need to enter your social security number...\" I've never encountered such a requirement on an e-commerce site. I assume it's an anti-fraud measure, so 2 questions: 1 -- Have you had a lot of problems with fraud? 2 -- Even honest shoppers would probably balk at this requirement, being rightly concerned about identity theft. So aren't you actually limiting your sales by requiring them to supply their SSN for purchases above 1,000?","author_name":"John Leger","votes":1,"created_at":"2015-02-18T14:28:13Z","canonical_url":"https://wefunder.com/italist#question-2001","answers":[{"id":2004,"entity_id":"wefunder:comment:2004","answer":"Hi John thanks for asking. Billing is in Italy. Italian law ask to track apayments for more than 1000 euro. By April the billing will be swift to us and this well be removed. thanks","author_name":"Raffaele Giovine","votes":2,"created_at":"2015-02-18T21:46:27Z"},{"id":2008,"entity_id":"wefunder:comment:2008","answer":"Hi billing platforms provide an integrated service to detect risky transactions. We basically had zero frauds last 6 months.","author_name":"Raffaele Giovine","votes":1,"created_at":"2015-02-19T00:57:15Z"}]},{"id":320823,"entity_id":"wefunder:comment:320823","question":"Hey, I am one of the 39 investors who invested in Italist. I would like to take an exit and cash out. I am not very sure how do i do it. Has anyone done it recently?","author_name":"Krishna Rungta","votes":0,"created_at":"2025-12-09T08:53:20Z","canonical_url":"https://wefunder.com/italist#question-320823","answers":[]},{"id":259157,"entity_id":"wefunder:comment:259157","question":"Any recent updates for investors?, I didn't see any updates recent years","author_name":"Prudhvi Chilaka","votes":0,"created_at":"2023-08-19T22:05:58Z","canonical_url":"https://wefunder.com/italist#question-259157","answers":[{"id":259260,"entity_id":"wefunder:comment:259260","answer":"Hi Prudhvi, thank you for the message. We are updating the investor directly (including Wefunder). At this stage and the size of the company, we don't want to disclose in public relevant information. some news here: https://www.forbes.com/sites/kaleighmoore/2023/03/03/italist-finding-success-in-the-international-luxury-ecommerce-marketplace/?sh=180ed7f3170c; please contact us at legal@italist.com to have specific updates on your investment. best regards","author_name":"Raffaele Giovine","votes":0,"created_at":"2023-08-21T20:53:15Z"}]},{"id":241591,"entity_id":"wefunder:comment:241591","question":"Are you sharing any investor's updates? If yes - how can i subscribe?","author_name":"Audrius Visniauskas","votes":0,"created_at":"2023-04-04T12:15:49Z","canonical_url":"https://wefunder.com/italist#question-241591","answers":[]},{"id":186873,"entity_id":"wefunder:comment:186873","question":"Are you a technology company or a marketing company?","author_name":"Mike Hendrix","votes":0,"created_at":"2022-01-07T23:31:36Z","canonical_url":"https://wefunder.com/italist#question-186873","answers":[]},{"id":28824,"entity_id":"wefunder:comment:28824","question":"Where can I see the bijoux?","author_name":"Maria Maddalena Fossati","votes":0,"created_at":"2018-10-11T11:53:48Z","canonical_url":"https://wefunder.com/italist#question-28824","answers":[]},{"id":26656,"entity_id":"wefunder:comment:26656","question":"How can I register?","author_name":"Lorenzo Riva","votes":0,"created_at":"2018-08-27T20:34:02Z","canonical_url":"https://wefunder.com/italist#question-26656","answers":[]},{"id":24448,"entity_id":"wefunder:comment:24448","question":"Any mid year updates for investors?","author_name":"Dilraj Ghumman","votes":0,"created_at":"2018-07-19T12:29:43Z","canonical_url":"https://wefunder.com/italist#question-24448","answers":[{"id":24506,"entity_id":"wefunder:comment:24506","answer":"Hi, we will provide updates after the summer. thanks","author_name":"Raffaele Giovine","votes":0,"created_at":"2018-07-19T20:39:08Z"}]},{"id":23317,"entity_id":"wefunder:comment:23317","question":"Hi , wanna to ask about the delivery charge . Understand that you may say because your retail price is cheaper than other competitors. However , sometimes shopping online , we may not exactly know the size , style .... are suitable for ourself. Return or refund is one of the important factor for online shopping. If the shipping cost is too high , I will hesitate to buy as delivery charge cannot be refund. I am not saying no delivery charge , but at least can be cheaper or if u buy certain amount (500 euro up can get free shipping ) such promotion. Because few times I wanna to buy from italist, when I checkout and realize the shipping cost is 46 euro. (I bought the item is only 350 euro) I give up and buy from others. Yes you are right , I may pay a bit more like 410 euro for that item from others ,but I still got a choice to refund total amount (410 euro) if item don’t suit me. On the other hand, if it doesn’t suit me after I bought from italist, I only get back 350 euro . I hope you can make some adjustment for your delivery charges in order to make your customer shopping without pressures. Finally I hope Italist will have a very great business","author_name":"Janice Tai","votes":0,"created_at":"2018-06-29T13:33:38Z","canonical_url":"https://wefunder.com/italist#question-23317","answers":[]},{"id":18180,"entity_id":"wefunder:comment:18180","question":"How about a news update? It's been quite a while.","author_name":"J. W.","votes":0,"created_at":"2018-02-15T11:56:29Z","canonical_url":"https://wefunder.com/italist#question-18180","answers":[{"id":18186,"entity_id":"wefunder:comment:18186","answer":"hi J.W. thank you for your message, we typically update our investors once per quarter. You should refer to wefunder team to have access. Thank you!","author_name":"Raffaele Giovine","votes":1,"created_at":"2018-02-15T17:18:14Z"}]},{"id":16742,"entity_id":"wefunder:comment:16742","question":"What's is the min investment allowed? Do you take Loans?","author_name":"Everett Dundas","votes":0,"created_at":"2017-12-25T22:46:38Z","canonical_url":"https://wefunder.com/italist#question-16742","answers":[{"id":16749,"entity_id":"wefunder:comment:16749","answer":"Hi Everett, thank you for your message but we are not currently raising. Best, Raffaele","author_name":"Raffaele Giovine","votes":0,"created_at":"2017-12-26T17:27:36Z"}]},{"id":8549,"entity_id":"wefunder:comment:8549","question":"I purchased an item for my husbands birthday from your site and unfortunately I had to return it. To my dismay I was informed that it has cost me over $100 for shipping and duty fees to return these items. No one wants to spend $300 and only have $200 returned to them. FarFetch and MatchesFashion are able to provide free returns to their customers. This is an astronomical cost to your customers and it's unacceptable. Had I known I would have to loose this much money I would'e tried selling the item it on eBay instead! Please see your company's email below and I am yet to receive the refund whilst the returned item was accepted by your partner boutique on March 2nd which was 13 days ago. My return # is R00053892. Dear Tyesha, Your item has been received and our partner boutique has verified that it complies with our returns policy. Returned items will be refunded excluding the delivery and the return costs of shipping and any Import duty incurred from \u0026amp; to Italy (if any). You might be able to recover import duties for returned items by contacting your local customs bureau. We confirm that we have refunded you the amount of 229.01€ (319.67€ for the item less 67.49€ for Italian duty fees and 23.17€ for shipping costs). You will see the refund on you bank account as soon as your bank processes the transaction. This process may take several days. We remain at your disposal for any further inquiries. Best Regards, italist staff","author_name":"Tyesha Thomas","votes":0,"created_at":"2017-03-15T18:34:47Z","canonical_url":"https://wefunder.com/italist#question-8549","answers":[]},{"id":5779,"entity_id":"wefunder:comment:5779","question":"My wife just bought something from Italist, great experience! Going to invest a little. Do you have any updates for last few months revenue, to help me decide how much?","author_name":"Dean Heller","votes":0,"created_at":"2016-09-30T11:24:55Z","canonical_url":"https://wefunder.com/italist#question-5779","answers":[{"id":5786,"entity_id":"wefunder:comment:5786","answer":"Hi Dean, thanks for your question. We are still on track to hi the budget (x4 vs same period last year). Also please find a new update about us here: http://g-startup.com/g-startup-worldwide-global-finals/","author_name":"Raffaele Giovine","votes":0,"created_at":"2016-09-30T16:46:21Z"}]},{"id":5466,"entity_id":"wefunder:comment:5466","question":"Hi Raffaele, Great team and Product. Any chance of discussing further the investment and the product. Here is my email drmohsin.shahab@gmail.com. Thanks","author_name":"Mohsin Shahabuddin","votes":0,"created_at":"2016-09-13T12:52:31Z","canonical_url":"https://wefunder.com/italist#question-5466","answers":[]},{"id":5349,"entity_id":"wefunder:comment:5349","question":"How many years for IOR?","author_name":"Ali Almeshari","votes":0,"created_at":"2016-09-06T10:05:57Z","canonical_url":"https://wefunder.com/italist#question-5349","answers":[{"id":5351,"entity_id":"wefunder:comment:5351","answer":"Hi Ali, could you clarify what do you mean for IOR? thanks, Raffaele","author_name":"Raffaele Giovine","votes":0,"created_at":"2016-09-06T14:20:12Z"}]},{"id":5338,"entity_id":"wefunder:comment:5338","question":"Is the May $1.5M, your actual revenue, or total site revenue, with your cut being 20/30%? Don't look at many deals on Wefunder, so just checking.","author_name":"Dean Heller","votes":0,"created_at":"2016-09-05T15:07:54Z","canonical_url":"https://wefunder.com/italist#question-5338","answers":[{"id":5346,"entity_id":"wefunder:comment:5346","answer":"Hi Dean, thank you for your question. $1.5M is total site revenue. Best, Raffaele","author_name":"Raffaele Giovine","votes":0,"created_at":"2016-09-05T21:55:38Z"}]},{"id":5323,"entity_id":"wefunder:comment:5323","question":"I have a brilliant idea. This has got something to do wit Artificial Intelligence in Luxury Industry. How do I contact you?","author_name":"Dilip Samuel Jayachandran","votes":0,"created_at":"2016-09-03T04:04:57Z","canonical_url":"https://wefunder.com/italist#question-5323","answers":[]},{"id":5286,"entity_id":"wefunder:comment:5286","question":"1-Why Italist.com not friendly device? 2-Do you have app? 3-Are you ship worldwide or just Japan? 4-How much you spend last year online Ads?","author_name":"Ali Almeshari","votes":0,"created_at":"2016-08-31T23:53:30Z","canonical_url":"https://wefunder.com/italist#question-5286","answers":[{"id":5299,"entity_id":"wefunder:comment:5299","answer":"HI Ali, thank you for the question. We will be mobile friendly soon (September) and this is actually a great opportunity of growth as we expect to double conversion rate and revenues because of that. We will have an app later. We ship world-wide and we already had customers in more than 85 countries las year. We spent less than 1% of revenues in advertising.","author_name":"Raffaele Giovine","votes":0,"created_at":"2016-09-01T17:19:32Z"}]},{"id":4933,"entity_id":"wefunder:comment:4933","question":"I place an order on your site and I was charged 2x the amount in taxes that I'm required to pay in NYC. I sent numerous emails to your customer service email and to your orders email requesting attention to this matter and no one has responded. My order number is 00024741, can you have someone look into this matter? Also it would help to have a US phone number like Far Fetch so that customers can call when they have concerns. Thanks","author_name":"Tyesha Thomas","votes":0,"created_at":"2016-08-11T21:23:34Z","canonical_url":"https://wefunder.com/italist#question-4933","answers":[{"id":4960,"entity_id":"wefunder:comment:4960","answer":"Dear Tyesha, Thank you very much for shopping with us and for your feedback. Please note that you were not charged any Sales Tax.\u0026nbsp; We ship our products directly from the best Italian luxury boutiques; hence we offer the same pricing from going shopping in Italy, without VAT, and\u0026nbsp;the\u0026nbsp;inconvenience to ask for a VAT refund at the airport, and to travel to Italy to buy. However, for purchases above $800 the US Customs impose Import Duties that vary according to their rules.\u0026nbsp; These are\u0026nbsp;the import duty taxes we apply in accordance with the law. Please note that for this reason our prices are extremely competitive, because we ship directly from the best Italian luxury boutiques.\u0026nbsp; In fact, in your case you have saved about 30% vs. buying the same article in NYC; by the way, congratulations on your buy. \u0026nbsp; Please also note that we do offer live chat services on the site and our\u0026nbsp;customer care usually answer within 24hours, with some exceptions for festivities and holidays, from mails directly sent to them. Thank you again for your shopping and taking the time to leave us a feedback, \u0026nbsp;We\u0026nbsp;hope to see you soon on Italist.com Raffaele","author_name":"Raffaele Giovine","votes":0,"created_at":"2016-08-12T20:02:03Z"}]},{"id":4765,"entity_id":"wefunder:comment:4765","question":"What is minimum investment?","author_name":"David M. Angers","votes":0,"created_at":"2016-08-01T23:35:07Z","canonical_url":"https://wefunder.com/italist#question-4765","answers":[{"id":4769,"entity_id":"wefunder:comment:4769","answer":"Hi David, it is $ 100. Raffaele","author_name":"Raffaele Giovine","votes":0,"created_at":"2016-08-02T01:09:03Z"}]},{"id":4725,"entity_id":"wefunder:comment:4725","question":"Why is it not possible to sign up?","author_name":"Anna Blume","votes":0,"created_at":"2016-07-30T20:13:50Z","canonical_url":"https://wefunder.com/italist#question-4725","answers":[{"id":4731,"entity_id":"wefunder:comment:4731","answer":"Hi Anna, could you please clarify your question? thanks, Raffaele","author_name":"Raffaele Giovine","votes":0,"created_at":"2016-07-31T03:01:36Z"}]},{"id":4160,"entity_id":"wefunder:comment:4160","question":"A few questions: 1. Are you 115 luxury stores all single-store boutiques? 2. Why are most of your partner stores hesitant to upload a bigger portion of their offerings to Italist? Do they tend to keep the bestsellers/styles offline? 3. You mentioned in the Q\u0026amp;A that the difference in sourcing gives Italist a price advantage vs. Farfetch. How is your sourcing different to Farfetch? 4. Farfetch has ~115 boutiques in Italy (based on counts from the website). Are there any overlaps with Italist's partner stores? Do you allow your partner boutiques to work with multiple marketplaces? 5. What is \"Italist Selection\"? 6. Currently Farfetch offers \"flat delivery fee\" for orders above $150, which is significantly lower than Italist. Do you have plans to lower shipping cost for customers? 7. Do you plan to launch iOS/Android app? Thanks!","author_name":"Yin Ye","votes":0,"created_at":"2016-06-22T08:59:03Z","canonical_url":"https://wefunder.com/italist#question-4160","answers":[{"id":4226,"entity_id":"wefunder:comment:4226","answer":"Dear Yin, Thank you for your interest in Italist. Please see below for some clarifications to your questions. 1) No, they are not all single point retail stores, many of them have multiple locations. We refer to 115 as the number of contracts in places with unique partners, hence the number of locations is higher. 2) It is not hesitation on their side, it is just a progressive learning phase we have with most of the partners. The on-bording process takes time, it, also, requires training, additional employees and a new different mix of brands/ sizes and products. 3) Farfetch adapts prices to local markets since they have partners stores in different geographies. We always have Italian partners, thus we apply the Italian retail price. If we take Golden Goose Superstar shoes as an example, we see that the price difference is greater than 30%: The US price is ~$500 + taxes; The Italian retail price is ~340 Euros; or ~$385 - inclusive of 22% VAT that does not apply for sales outside the EU; hence ~$315, plus express shipping (~$30), or ~$345 4) Please note that Farfetch lists each location not partners; thus, the number of partners is lower. 5) We list under \"italist selection\" all the brands from our partners. In any case we are going to release the new version of the site and this section will disappear. 6) Please note that they do offer free delivery, but, generally, on a significant higher price, as per point 3 above. 7) Yes, with the new release of the site","author_name":"Raffaele Giovine","votes":1,"created_at":"2016-06-25T13:28:17Z"}]},{"id":4159,"entity_id":"wefunder:comment:4159","question":"1. In slides there is gross margin 20% and revenue cut 25%. What is revenue cut? 2. When and how did the investor: Transcosmos appeared?","author_name":"Audrius Visniauskas","votes":0,"created_at":"2016-06-22T08:42:27Z","canonical_url":"https://wefunder.com/italist#question-4159","answers":[{"id":4227,"entity_id":"wefunder:comment:4227","answer":"Dear Audrius, Thank you for your interest in Italist. Please note that the 25% refers to our average commission on the product cost, excluding the other components of the sale (e.g. duties and shipping costs) Transcosmos was the leading investor in our seed round, in January 2015.","author_name":"Raffaele Giovine","votes":0,"created_at":"2016-06-25T13:28:45Z"}]}],"faq":[{"question":"I love the concept and am interested in investing. However, I'm puzzled by this statement on the Web site: \"For orders exceeding the amount of 1,000, you will need to enter your social security number...\" I've never encountered such a requirement on an e-commerce site. I assum...","answer":"Hi John thanks for asking. Billing is in Italy. Italian law ask to track apayments for more than 1000 euro. By April the billing will be swift to us and this well be removed. thanks"},{"question":"(1) You mention your CAC is ca. $100 from Facebook and likely to fall. Can you comment on the LTV of your customers? (2) Can you comment on your supplier concentration, that is to say, does your largest merchant account for 10%, 50%, 90%, etc., of your sales? Thanks","answer":"Facebook has 60% of mobile traffic. We will have a responsive web site in 4 weeks from now. That will hugely impact. CPsale is 100 usd average ticket is 700usd that means that we make money on the first sale (from 140-180 usd as margin). then 35% of buyers repeat acquisition in 12 months. Only few of our partners uploaded all their inventory (less than 10%) so sales are really concentrated now--\u0026gt; that can easily explain why the inventory potential can grow a lot"},{"question":"Can I investment if I from Saudi Arabia?","answer":"Hi Ali, we already have many customers from Saudi Arabia, for us it would be great to have you on board as investors! Big opportunities in the region. Raffaele"},{"question":"this is a really novel idea. Kudos! One question - is your long term plan to build and run this company like Ramirez functions today or to find a buyer, as in the case with noosalab and zero9?","answer":"Hi Dilraj, and thank you of the email. We want to build a huge and log term company"},{"question":"Awesome Concept! When are you planning Series A?","answer":"Hi Krishna, next round will be no earlier than 6 /8 months. Raffaele"}]}}}