by
Michael Arrington
on
July 11, 2007
Mountain View based shopping search site TheFind has raised another $15 million in a third round of venture capital, bringing their total capital raised to $26 million. Bain Capital Ventures led the round.
The company previously raised $11 million from Redpoint Ventures, Lightspeed Venture Partners and Cambrian Ventures ($7 million Series A, $4 million Series B). Redpoint and Lightspeed also participated in this round.
Comments
Slifter, which help you locate items on gps enabled mobile phones is much more powerful
http://www.bizorigin.com/2007/.....es-mobile/
Gawd, what a crowded space. How do they really expect to differentiate themselves from Yahoo Shopping, CNET, Nextag, Shopzilla, Froogle, Pricegrabber and everyone else?
500,000 stores? I thought there were grand total of 50,000 online stores in the US. Even if I’m off by a factor of three, their number is still too high to believe. WTF?
Seriously how many more online stores???
how many more online - shoppping searches?
couldnt something like this be made in twenty mins with a custom google search?
Shopping search engines are pure profit. Their margins are unbelievable. So until the economics change we’ll continue to see more and more of them.
I just don’t understand why it takes $26 million to build one. I thought sites were supposed to be built on the cheap nowadays. Sounds like a Web 1.0 company in a Web 2.0 world.
TJ i absolutely agree with you. Shopping search engine still haven’t reached the peak yet.
I certainly do expect more to spring up
There could only be more of these things in the future, I agree. It could appear futile to some, since shopping through basic search engine results have been tried and tested, but you’ll never know — trends can change.
Easy to add merchants to the site, something other sites don’t do as well.
I love the site! The results are a lot cleaner than the other CSEs, and they seem to have a good UI with big images and info tags. Makes browsing stuff a lot easier.
re: TJ “I just don’t understand why it takes $26 million to build one”
It doesn’t take $26M to build it, it takes $26M to market it and get users. Look at Shopzilla. The tech doesn’t have to be that much better, but getting traffic isn’t cheap.
Every girl I know is very savvy on where to shop online, and if they can’t find a brand they want, Google’s pretty good in locating it. So, it always confuses me that things like this need to exist. I would differentiate with discount codes at the places people really shop - boutique sites like net-a-porter, etc. That’ll jam a lot of traffic for them. Online shoppers love codes and they can become very viral. The only thing is that it HAS to be the stores people shop at - no Macys, DKNY, etc. We have a huge community on my site StyleDiary and nobody shops those kind of places - that’s important.
In A.D. 2007 Comparison Shopping War was beginning.
CEO: What happen?
CTO: Somebody set up us the bomb.
CTO: We get signal.
CEO: What !
CTO: Main screen turn on.
CEO: It’s Search Engine!!
Search Engine: How are you gentlemen !!
Search Engine: All your organic clicks are belong to us.
Search Engine: You are on the way to destruction.
CEO: What you say !!
Search Engine: You have no chance to survive make your time.
Search Engine: pay us more for clicks now … HA HA HA HA ….
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