The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark. If you would like to have your startup considered for inclusion, please see the details here.
Name: Shoptiques
Quick Pitch: Shop local boutiques online.
Genius Idea: Brings an offline industry online; lets you shop by neighborhood.
It all began with Paris and a shoe.
While shopping in France's capital four years ago, Olga Vidisheva stumbled across what she describes as a "tiny, one-location wonder boutique with the friendliest, most stylish owner." There, she found a pair of suede sandals unlike anything she'd ever come across in a department store, which she promptly purchased and packed into her suitcase home.
Vidisheva says she has wanted to go back to that boutique ever since, but has never been able to. Since that time, she's discovered some fantastic boutiques stateside, picked up a MBA from Harvard Business School and is now on a mission to make the experience of browsing and buying from boutiques available to everyone everywhere through her newly launched site, Shoptiques. The sites lets you buy clothing and accessories from 50 boutiques with one flat shipping and return fee.
Shoptiques isn't the first business that's attempted to bring the boutique industry online. London-based Farfetch.com, which raised $18 million in January, has made the inventories of some 200 boutiques available for online purchase. Backend solutions like Shopify have also made it easier for small businesses to set up storefronts on the web.
So what makes Shoptiques different? The biggest differentiator is product. Farfetch focuses on upmarket brands and products with pricetags not infrequently in the high hundreds and low thousands. Brands aren't a focus on Shoptiques, and products are priced between $50 and $300.
Shoptiques also invites you to shop differently: that is, like a local. Shops are organized by neighborhood, so you can pull up all the inventory from Brooklyn, for instance, or West Hollywood. From there, you can filter by color, price, size and style. You also have the option to browse across cities by category, just like any other apparel retail site.
Shoptiques is a recent alum of Y Combinator's accelerator program and has raised an initial seed round from Andreessen Horowitz, Greylock Partners, Benchmark Capital, General Catalyst and SV Angel, among others. The startup takes a "healthy cut" of each sale made on the site, Vidisheva tell us. Everything sold online is brought in and photographed by Shoptiques. Once a sale is made, the boutique is responsible for shipping it to the customer and keeping track of remaining inventory.
Inventory and sales growth are top priorities for Shoptiques going forward, as are further curation and personalization features, Vidisheva says. "If your style is classic, and mine is edgy, we should experience the site in a different way," Vidisheva says of Shoptiques's plans for personalization. "Perhaps we'll start shoppers with a quiz, recommend that they follow a few boutiques and go from there."
Mobile is also on the roadmap, with an emphasis on bridging the online and offline shopping experience. "We want to become a destination for boutique living and shoping," Vidisheva explains. "If you're on the streets of Nolita, we want to tell you which boutiques near you have stuff. We really see our boutiques as partners, and we want to drive traffic to their offline stores as well. We benefit because they'll be in business a long time, and we want to work with them for a long time."
All that's very promising, but we still feel one element is missing from the shopping experience: the interaction with that friendly, stylish boutique owner Vidisheva met in Paris. Phone numbers for each of the boutiques are provided on the site so that shoppers can ring when they have a question about styling or fit. But we'd love to be able to jump in a video or even an SMS chat with boutique workers while we were shopping, or see how a particular piece has been styled on a store mannequin.
Image courtesy of iStockphoto, Alija
Series Supported by Microsoft BizSpark
The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark, a startup program that gives you three-year access to the latest Microsoft development tools, as well as connecting you to a nationwide network of investors and incubators. There are no upfront costs, so if your business is privately owned, less than three years old, and generates less than U.S.$1 million in annual revenue, you can sign up today.
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