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Totsy was a company that put on flash sales for toddlers and young mothers.
2009 – 2013 New York, NY
Founded by Christophe Garnier, Guillaume Gauthereau
Raised $23.5 million in 3 rounds
Backed by 3 investors
Reasons for Failure
High customer dissatisfaction. Take a look through Totsy’s Yelp reviews.
Demand within the flash sale market decreased by about 70% between 2008 and 2014.